The Manitoba Provincial Nominee Program (MPNP) has conducted its second draw of December 2024. Manitoba’s regular draws, held through the Expression of Interest (EOI) system, invite eligible candidates to apply for Canadian Permanent Residency (Canada PR). If you’ve received an invitation in the latest draw, you will have 60 days to submit your application for Continue reading
Kathy Hilton
5 Key Factors Driving a 10% Increase in Home Prices by 2025
The Canadian housing market is poised for a powerful comeback in 2025, driven by a confluence of factors that set the stage for significant growth in single-family detached homes. After a 1.75% decline in interest rates in 2024—slightly below my earlier prediction of 2%—the groundwork has been laid for a housing boom. Here’s why I Continue reading
8 Government Benefits Canadians Can Receive from the CRA This January
The new year is almost here, and so is a fresh wave of government payments from the Canada Revenue Agency (CRA). These benefits, available in January 2025, can provide financial relief after the holidays, helping with everything from childcare to retirement needs. From monthly staples like the Canada Child Benefit (CCB) and Canada Pension Plan Continue reading
How Much Money Does the Average Canadian Save?
With the rising cost of living significantly impacting Canadians’ disposable income, saving money can feel challenging. However, the right financial tools, such as a high-interest savings account (HISA) and tax-sheltered registered accounts, can help you stay on track to meet your financial goals and grow your wealth, regardless of your life stage. Understanding Average Savings Continue reading
Canadian Dollar Declines as Benchmark Yield Rises
The Canadian dollar faced pressure on Thursday, weakening against the U.S. dollar, while benchmark government bond yields climbed. Here’s a closer look at the market movements and key indicators. Loonie Slips Against the U.S. Dollar The Canadian dollar, commonly known as the loonie, traded 0.2% lower at C$1.4395 per U.S. dollar, equivalent to 69.47 U.S. Continue reading
How Much Should You Have Saved by Age 40?
So, you’re in your 30s and feeling pretty good about life. Maybe you’ve earned a promotion or purchased your first home. But amid the wins, financial challenges like daycare fees, mortgage payments, student loans, and the rising cost of living might leave you feeling financially stretched. Add to that the social media envy from seeing Continue reading
10 Government Benefits and Credits Quebec Residents Can Receive in January 2025
The new year is just around the corner, and with it comes a fresh wave of financial support from the Canada Revenue Agency (CRA) and Revenu Québec. These payments aim to provide relief post-holidays and support everything from child benefits to pensions. Here’s a detailed breakdown of the payments you can expect in January 2025, Continue reading
Canada Pension Plan Report Released — But Key Questions Remain Unanswered
Alberta Premier Danielle Smith recently provided an update on the province’s ongoing efforts to explore exiting the Canada Pension Plan (CPP). The province has received feedback from Canada’s chief actuary but still awaits a definitive estimate of how much Alberta would be entitled to if it leaves the national retirement fund. No Firm Number Yet Continue reading
How Can You Avoid CPP and OAS Clawback in 2025?
If you’re receiving CPP Canada Pension Plan benefits, you may wonder whether you’ll eventually face the Old Age Security (OAS) clawback. The OAS clawback is a reduction of $0.15 for every dollar of income you earn above $90,977 (as of 2024). Once your income reaches $149,000, your OAS payments are fully clawed back, leaving you Continue reading
Budget-Friendly Travel Destinations for Canadians in 2025
With many Canadians struggling to make ends meet, booking a flight might seem like an unattainable luxury. However, thanks to certain destinations offering lower travel costs, you might still be able to treat yourself to a well-deserved vacation. According to Skyscanner’s Travel Trends 2025 Report, there are several wallet-friendly travel spots that combine affordability with Continue reading