How Recent CRA Tax Changes Could Impact Your Finances

As the 2025 tax season approaches, Canadian taxpayers face a series of significant changes to the tax landscape that could impact their returns in major ways. Whether you’re a first-time filer or a seasoned tax pro, staying on top of these updates is crucial to ensuring you maximize your refund or minimize your owed taxes. Continue reading

After 8 Years, Ontario Property Assessments Are Resuming What It Means for Homeowners and Property Taxes in Barrie, Orillia, and Simcoe County

For nearly a decade, Ontario homeowners have been in the dark when it comes to property assessments, with the last official assessment dating back to 2016. In 2020, the Ontario government decided to pause property reassessments due to the COVID-19 pandemic, leaving many residents worried about the potential for skyrocketing property taxes once the reassessments Continue reading

PowerSchool Data Breach Update Information on Credit Monitoring and Identity Protection

Overview of PowerSchool Data Breach: What Happened and How You Can Protect Your Information On January 7, 2025, the Calgary Board of Education (CBE) was alerted by PowerSchool, the platform used to manage student information, about a cybersecurity breach. Following the notification, CBE promptly initiated an internal investigation to understand the cause and determine the Continue reading

Ontario Trillium Benefit Payments for February Are Coming Soon Here’s What You Could Receive

February is here, and it’s bringing a fresh round of government assistance to help Canadians meet the rising cost of living. If you’re an Ontarian, you could be receiving a much-needed boost in the form of the Ontario Trillium Benefit (OTB) this month, offering financial relief for expenses such as energy bills and property taxes. Continue reading

Stock Up Now Canada’s GST/HST Break on Groceries Ending Soon

Canada’s GST/HST break on grocery items is coming to an end soon, and if you’re looking to save on your next grocery bill, now is the time to stock up! As of Saturday, February 15, 2025, the temporary freeze on the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) will expire, and certain Continue reading

Here’s What to Expect from the Bank of Canada’s First Interest Rate Update of 2025

As 2025 kicks off, Canadians are closely watching the Bank of Canada (BoC) for its first interest rate update of the year. This is a crucial moment for homeowners, prospective buyers, and the broader economy, as the central bank’s decisions can significantly impact everything from mortgage rates to consumer spending. Recap of the Last Rate Continue reading

Canada Recalls Vehicles Over Faulty Brakes and Headlamps Here’s Why

This week, several major automakers have issued recalls affecting a variety of vehicle models due to performance and safety issues with critical parts such as headlights, brakes, and more. Here’s an overview of the affected vehicles and the reasons behind these recalls. Headlight Issue in Multiple GM Models General Motors (GM) has expanded a previous Continue reading

James Webb Telescope Reveals Our Understanding of the Universe Was Wrong

Have you ever found yourself lying on your back, gazing at the stars, and wondering about the vastness of the universe? Thoughts like “how small we are” or “who else is out there?” may cross your mind as you take in the night sky. But just how big is the universe, and what recent discoveries Continue reading

Canada’s Federal EV Rebate Program Runs Out of Funds What’s Next?

Electric vehicles (EVs) have surged in popularity around the globe, thanks in part to government incentives and rebates. These programs have played a significant role in encouraging consumers to adopt EVs. However, funding for these programs doesn’t last forever—Canada’s federal EV incentive program, the Incentives for Zero Emission Vehicles (iZEV), has run out of funds Continue reading

Thousands of Chevrolet Vehicles Recalled Across Canada Over Crash Risk

If you’re a Chevrolet owner, particularly of a 2025 Chevrolet Equinox Electric Vehicle (EV), your car may be part of a significant nationwide recall. This recall, issued by Transport Canada, impacts 5,599 Chevrolet Equinox EVs due to a critical software issue that could affect the vehicle’s safety features. What’s the Problem with the 2025 Chevrolet Continue reading