Experts predict challenging times for the Canadian dollar in the months ahead as the currency continues its downward trend. “We do have more room to fall,” said Karl Schamotta, chief market strategist at Corpay. The Canadian dollar has been trading below 70 cents USD recently, nearly 4% lower than its value in September. What’s Behind Continue reading
Kathy Hilton
Canada Revenue Agency Introduces New Benefits for Canadians and Residents Starting January 2025
Canadians, including newcomers and temporary residents, can expect a fresh round of payments from the Canada Revenue Agency (CRA) beginning in January 2025. These payments are designed to assist individuals and families in managing rising living costs. The government has introduced five essential benefit programs, and understanding eligibility and application processes is crucial for accessing Continue reading
Why Restaurants in Canada Charge GST and HST During the Holiday Tax Break
Ever since Canada announced the GST/HST tax break holiday in November, there’s been widespread discussion among Canadian restaurants, caterers, and customers about which products are eligible. This temporary tax relief, designed to provide savings for consumers, has sparked numerous questions, especially regarding alcoholic beverages, food delivery, and catering services. Clarifying the GST/HST Tax Break The Continue reading
5 Ontario Megaprojects Set to Be Completed in 2025
Construction cranes are a common sight across Ontario’s skylines, signaling the growth and transformation of cities throughout the province. Major infrastructure and engineering projects are underway to prepare Ontario for future expansion. By 2025, several of these colossal undertakings will be completed, enhancing transportation, international connections, and urban life. Eglinton Crosstown LRT Toronto’s Eglinton Crosstown Continue reading
Understanding 2025 Tax Brackets A Guide for Retirees
Taxes often represent the single largest expense both during our working years and in retirement. While the tax-filing deadline in April looms large, retirees and those nearing retirement should consider proactive strategies before year-end to maximize their tax efficiency. Here’s an overview of the changes and strategies that can help you navigate retirement taxation in Continue reading
12 High-Paying Jobs in Canada for 2025 That Don’t Require a Degree or Experience
If you’re aiming to switch to a high-paying career in 2025, you’re in luck! Canada offers a variety of lucrative job opportunities that don’t require a college degree or extensive experience to get started. With some determination and the right skills, you could be on your way to earning a significant income. Based on Indeed’s Continue reading
Canadian Housing Markets Defy Typical December Trends
The Canadian housing market has experienced an uncharacteristically busy fall season, with some regions reporting extraordinary activity that has spilled into December. This surprising trend is sparking optimism for a vibrant market in 2025, fueled by favorable policy decisions and economic shifts. Federal Policies Boosting Optimism Key federal initiatives are providing hope for sustained growth Continue reading
5 New CRA Benefit Payments Launching in January 2025
Canadians are gearing up for a new round of Canada Revenue Agency (CRA) benefit payments in January 2025. These payments aim to provide financial relief to eligible residents, including newcomers and temporary workers, to help manage the rising cost of living. In this article, we’ll explore the five major CRA benefit programs, their eligibility criteria, Continue reading
U.S. Recalls 600,000 Car Seats with Fix Available for Canadians
Nuna Baby Essentials has issued a recall of approximately 609,000 child car seats after discovering that the harness adjuster may loosen, potentially failing to restrain children properly in the event of a crash. The recall impacts specific Rava car seats produced between July 16, 2016, and October 25, 2023. Details of the Recall According to Continue reading
Salmonella Risk Prompts Recall of Salad Kits in Canada
The Canadian Food Inspection Agency (CFIA) has issued a recall for Taylor Farms’ Sweet Kale Chopped Kit due to potential salmonella contamination. This recall affects products distributed across several provinces in Canada, and consumers are urged to take immediate precautions. Details of the Recall The recall, announced on Monday by the CFIA, warns that the Continue reading