A range of products, including specialty printers, battery replacements, chocolate, and entertainment centres, have recently been recalled by Health Canada and the Canadian Food Inspection Agency. These recalls affect items sold on Amazon and potentially through other retailers. Read on to learn about these recalls, their risks, and the recommended actions for affected consumers. Lexmark Continue reading
Month: January 2025
Ontario Introduces New Pilot Program for Canadian Permanent Residency Pathway
The Ontario Immigrant Nominee Program (OINP) has introduced an exciting new opportunity for skilled immigrants: the Regional Economic Development through Immigration (REDI) pilot program. This innovative pilot program will run from January 2 to December 31, 2025, aiming to address labor shortages in key industries across four rural and northern regions of Ontario. Overview of Continue reading
B.C.’s $1,000 Grocery Rebates Face Possible Cuts in Efficiency Review
B.C. Premier David Eby announced Thursday that the promised $1,000 rebate cheque, a central and costly pledge from the fall provincial election, might be reconsidered as part of a comprehensive government spending review. The Uncertain Future of the Grocery Rebate The so-called “grocery rebate” would have provided the average single taxpayer with $500 and the Continue reading
Canadian Dollar Drops to Multi-Year Lows
The Canadian Dollar (CAD) has taken a hit, plunging to familiar multi-year lows last seen during the pandemic. This drop has pushed USD/CAD above the 1.4400 handle, keeping the Loonie at its weakest bids in years. As the trading week ends, the lack of significant economic data leaves traders focused on the widening interest rate Continue reading
Ontario Starts Mailing $200 Rebate Cheques to Residents keep eye on mail box
The Ontario government has officially begun distributing $200 rebate cheques to taxpayers as part of its $3 billion initiative to ease the financial strain caused by rising costs. Announced in October 2024, the Ontario Taxpayer Rebate aims to provide relief to residents grappling with inflation, high interest rates, and the federal carbon tax. Here’s everything Continue reading
Canada’s 2025 Tax Updates New Brackets, CPP Contribution Changes, and More
As we enter 2025, there are several updates to federal policies that could influence Canadians’ financial planning. While some adjustments are routine, others may require more strategic preparation, especially with significant changes such as those affecting the capital gains tax. Below is an overview of the key changes you need to know. Changes to Canadian Continue reading
Tips to Avoid Pink Tax in 2025: Smart Strategies to Save Money on Everyday Products
The “pink tax” refers to the additional cost associated with products marketed specifically toward women and girls compared to their male-marketed equivalents. From razors and shampoo to clothing and toys, this phenomenon costs women more money for virtually identical items. But in 2025, you can take steps to dodge the pink tax and make smarter Continue reading
CRA to Review Benefits for 200k Canadians in 2025: What You Need to Know
The Canada Revenue Agency (CRA) is preparing for its annual benefits review in 2025, which means approximately 200,000 Canadians will receive letters requesting updated information. While this might sound daunting, it’s a routine process to ensure government benefits like the Canada Child Benefit (CCB) and GST/HST Credit are accurate and sent to the right recipients. Continue reading
How Potential Tariffs Could Affect Your Wallet: What You Need to Know
The possibility of tariffs has been making headlines, with U.S. president-elect Donald Trump suggesting a 25% levy on Canadian goods. While the primary focus is on the potential impact on industries, consumers may also feel the effects directly at the checkout counter. Here’s a closer look at how tariffs could influence your wallet and daily Continue reading
$300 Extra Canada Child Benefit Payments in 2025 If You Live in These Provinces: Check it out
Raising kids in Canada comes with unique financial challenges, but the Canada Child Benefit (CCB) is here to help. Administered by the Canada Revenue Agency (CRA), these tax-free monthly payments are a lifeline for families, offering up to $648 per child each month. Ontario Child Care Gets a Makeover: Lower Fees and New Funding Formula Continue reading