The Canadian Dollar (CAD) has stalled after a brief recovery, struggling to gain significant bullish momentum against the US Dollar (USD). On Tuesday, CAD’s movement remained largely sideways, hovering at familiar levels as it continued to face challenges following a sharp decline in late 2024. Weak PMI Figures Weigh on CAD Sentiment Despite a brief Continue reading
Kathy Hilton
Uncertainty Surrounds Capital Gains Tax Changes, but CRA Moves Ahead with New Charges
The recent prorogation of Parliament has left Canadians uncertain about proposed changes to the capital gains tax. These changes, initially introduced by the Liberal government, have sparked intense debate among businesses, economists, and taxpayers alike. Below, we break down what the changes entail, their potential impact, and the current state of affairs. What Are the Continue reading
Welland Resident’s Lottery Win Under OLG Insider Rules Review
Winning the lottery is an exciting moment, but for Kevin Allum, a Welland resident, patience is part of the process. After winning $10,000 with the Instant Crossword Tripler scratch lottery game, Allum must wait 30 days before he can collect his prize. Here’s why: Why Is Kevin Allum’s Prize Delayed? Ontario Lottery and Gaming Corp. Continue reading
Canadian Lawmaker Proposes Allowing Three U.S. States to Join Canada and Gain Free Health Care
Canadian Green Party leader Elizabeth May has suggested a bold and unconventional idea: inviting California, Oregon, and Washington to join Canada as provinces. Her comments were made in response to U.S. President-elect Donald Trump’s ongoing suggestion that Canada should become the 51st U.S. state. May’s Proposal: Universal Healthcare and Stricter Gun Laws Speaking at a Continue reading
40% of New Immigrants in Canada Are Considering Leaving
Canada has long been admired as a land of opportunity for immigrants from across the globe. However, a recent CBC News poll conducted by Pollara Strategic Insights reveals significant challenges facing newcomers, painting a more complex picture of the immigrant experience in Canada. Overwhelming Concerns About Canada’s Immigration Planning A key finding of the survey Continue reading
Canada Announces Benefit Increases for 2025: See How Much More You Could Receive
As inflation continues to impact household budgets, there’s some good news for Canadians in 2025. The federal government is boosting several recurring benefit payments, putting more money into the pockets of eligible individuals and families. These changes, driven by a 2.7% inflation adjustment, apply to everything from child benefits to pensions. If you’re wondering how Continue reading
Staying Updated on Bank of Canada Interest Rate Changes in 2025
In a significant move last month, the Bank of Canada (BoC) reduced its key interest rate from 3.75% to 3.25%. This marked the fifth and final major rate announcement of the year, exceeding experts’ predictions of a 0.25% cut. The decision comes amidst rising economic concerns, particularly an increase in Canada’s unemployment rate, which now Continue reading
Comprehensive Guide to CRA Benefit Payments Canadians Can Receive in 2025
The new year is here, and with it comes a calendar full of financial relief programs from the Canada Revenue Agency (CRA). From monthly child benefits to quarterly tax credits and retirement pensions, these government payments can make a significant difference in your financial planning for 2025. Monthly and Quarterly CRA Benefits Canada Child Benefit Continue reading
GST Holiday A Temporary Relief with Lasting Implications
Amid rising prices and the ongoing cost-of-living crisis, the Canadian government has introduced a temporary Goods and Services Tax (GST)/Harmonized Sales Tax (HST) break to provide some relief for Canadians. This initiative, which will be in effect from December 14, 2024, to February 14, 2025, aims to help ease the financial burden during the holiday Continue reading
Donald Trump Claims Indirect Credit for Justin Trudeau’s Resignation
On Monday, Prime Minister Justin Trudeau announced his resignation as leader of Canada’s Liberal Party during a news conference. Although he will remain prime minister until a successor is chosen, Trudeau’s departure marks a significant shift in Canadian politics. The announcement followed mounting pressure from Liberal members of parliament and declining public support. Polls indicate Continue reading