The Canadian Dollar (CAD) experienced a significant boost overnight following reports that Prime Minister Justin Trudeau may resign this week. Additionally, speculation that U.S. President-elect Donald Trump might scale back plans for widespread tariffs has further supported the CAD, according to Scotiabank’s Chief FX Strategist, Shaun Osborne. Political Uncertainty Surrounding PM Trudeau’s Possible Resignation Reports Continue reading
Kathy Hilton
Canadian Forces Weighing Bonuses to Retain Troops, Internal Document Reveals
The Canadian Armed Forces (CAF) is facing significant staffing challenges and is exploring retention bonuses as a strategy to prevent skilled personnel from leaving the service. According to an October 2024 briefing prepared for Lt.-Gen. Lise Bourgon, chief of military personnel, these bonuses are one of several measures proposed to support the reconstitution of the Continue reading
$680 GST Credit Direct Payment Deadline for Eligible Citizens Approaching
The Canada Revenue Agency (CRA) is kicking off 2025 with its first GST/HST payment on January 3, 2025. This essential payment is designed to support individuals and families with low to moderate incomes by offsetting the costs of the goods and services tax (GST) and harmonized sales tax (HST). If you’re eligible, this is an Continue reading
Snowy Start to the Week for London and Surrounding Areas
The London area is bracing for a frigid and snowy beginning to the week, following a weekend of messy weather for parts of Midwestern Ontario. Monday: A Cold and Snowy Night Ahead According to CTV London Meteorologist Julie Atchison, temperatures on Monday afternoon will range between -8°C and -12°C, but the wind chill will make Continue reading
Essential Tips for Filing Your Taxes in 2025
The tax filing deadline, commonly referred to as “Tax Day,” for 2025 is Wednesday, April 30. If you were actively or temporarily employed in 2024, you should receive a CRA T4 slip from each employer within the first few months of 2025. This document is essential for accurately filing your taxes. What Is a T4 Continue reading
2025 Ontario and Canada Benefit Payment Dates When to Expect Your CCB, ODSP, CPP, GST/HST Credit, and More
Canadians and Ontarians are eligible to receive a variety of benefits through the Government of Canada and the Province of Ontario in 2025. If you’re wondering when payments for programs like the Canada Pension Plan (CPP), Old Age Security (OAS), GST/HST credit, and more are scheduled, this guide has everything you need. Canada Pension Plan Continue reading
Cat Food Recalled in Canada and U.S. After Cat Dies from Bird Flu Contamination
An Oregon-based pet food company, Northwest Naturals, has issued a voluntary recall following a troubling incident involving one of its products. A domestic cat reportedly died after consuming the company’s “2lb Feline Turkey Recipe” raw frozen pet food, which later tested positive for the highly pathogenic avian influenza (HPAI) virus, commonly known as bird flu. Continue reading
When Will Doug Ford Send Out $200 Cheques to Ontario Residents?
Approximately 15 million Ontarians can look forward to receiving a $200 rebate cheque from the provincial government by late January or early February 2025. A spokesperson for the province confirmed the timeline, which follows a promise made in October 2024 by Premier Doug Ford to help offset rising costs. Why Is Ontario Issuing the $200 Continue reading
Canadians to Receive Increased Federal Payments This Week
A week after the first GST credit payments of the year were sent out, the federal government is stepping in with additional financial relief for eligible Canadians. Through the Advanced Canada Workers Benefit (ACWB), qualifying individuals and families will receive extra support starting this month. What Is the Advanced Canada Workers Benefit (ACWB)? The ACWB Continue reading
Justin Trudeau Steps Down After Nine Years Citing Internal Struggles
Canadian Prime Minister Justin Trudeau has announced his decision to step down as leader after nine years in office, signaling the end of a political era. The decision comes amid mounting pressure from within his own Liberal Party and waning public support. Trudeau to Stay Until New Liberal Leader is Selected In a press conference, Continue reading