Canada’s tax system is undergoing major reforms starting 2025, affecting both individuals and businesses. Key changes include an increase in capital gains tax, higher alternative minimum tax (AMT), a new Digital Services Tax (DST), and hikes in Canada Pension Plan (CPP) contributions. Additionally, GST/HST exemptions for certain goods will be available for a limited time. … Read more
The Canada Revenue Agency (CRA) offers Maternity and Parental Benefits to support parents during the critical early stages of child-rearing. In 2025, these benefits have been structured to provide financial assistance to eligible individuals who are away from work due to pregnancy, childbirth, or the care of a newborn or newly adopted child. Types of … Read more
The Canada Revenue Agency (CRA) plays a crucial role in supporting Canadian residents through a variety of financial assistance programs. In 2025, several CRA programs will continue to provide financial aid to Canadians, including the Canada Pension Plan (CPP), Old Age Security (OAS), and Canada Child Benefits (CCB). Knowing the payment dates and eligibility criteria … Read more
In 2025, the Canada Revenue Agency (CRA) may introduce a $3,100 OAS pension bonus, which could significantly benefit eligible Canadian seniors. This potential bonus has sparked considerable interest among retirees and those planning their financial futures post-retirement. While the CRA has not officially confirmed the $3,100 bonus, there is growing speculation that it will be … Read more
In a move aimed at easing financial pressures for Australians, the latest round of Centrelink indexation increases will provide cash boosts for millions of individuals and families. This update will directly benefit pensioners, job seekers, carers, and families receiving Commonwealth rent assistance, starting from Thursday. With over five million Australians set to gain from this … Read more