As we approach the new year, many Canadians can expect to receive government benefit cheques in January and February 2025. These payments aim to provide financial relief, especially with the holiday season in full swing and rising costs affecting many households. Here is an overview of key benefits, payment dates, and maximum amounts for eligible Continue reading
Sophie Wilson
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.
Labour’s Disability Benefit Shake-Up: Progress or Uncertainty for Thousands?
The Labour government’s ambitious plans to overhaul the disability benefits system have sparked a mix of cautious optimism and deep anxiety among disabled people and advocacy groups. The changes, outlined in the “Get Britain Working Again” White Paper, aim to streamline assessments, improve support for disabled people in the workforce, and reduce the welfare spending Continue reading
Canada $15 Billion AI Boost Incentives to Power Green Data Centres
The Canadian federal government is reportedly considering a groundbreaking initiative to bolster its position in the global artificial intelligence (AI) and green energy sectors. A proposed $15 billion incentive package aims to encourage major domestic pension funds to invest in state-of-the-art AI data centres powered by renewable energy, according to sources cited by The Globe Continue reading
$255 Cost of Living Concession Payment 2024: Essential Support for Low-Income Households
Understanding the Cost of Living Concession: Essential Support for Low-Income Households The Cost of Living Concession (COLC) is a vital financial assistance program designed to help individuals and families with low or fixed incomes manage their everyday expenses, such as council rates, energy bills, and medical costs. Introduced to replace the council rate concession, the Continue reading
Australians Hit Hard by Health Insurers’ Secret Premium Hikes: A Loophole Exposed
Millions of Australians are being overcharged for private health insurance as companies exploit a loophole that circumvents government regulations on premium increases. A report from the Commonwealth Ombudsman reveals the widespread use of a practice called “product phoenixing,” which allows insurers to raise costs for certain customers while avoiding scrutiny. How Insurers Exploit the System Continue reading
Reserve Bank of Australia Holds Cash Rate Steady at 4.35% in Final 2024 Decision
The Reserve Bank of Australia (RBA) has wrapped up 2024 with its final monetary policy decision, announcing that the cash rate will remain unchanged at 4.35% for the ninth consecutive month. This decision, made at the Board’s meeting on Tuesday, keeps the rate at a 12-year high, a level maintained since November 2023 to combat Continue reading
WA Households to Receive $350 Cost of Living Boost: Here’s What You Need to Know
As part of ongoing efforts to combat cost-of-living pressures, households across Western Australia (WA) are about to benefit from a $350 electricity credit. This subsidy marks the second instalment of the state’s two-part electricity relief program, which aims to ease financial burdens on families and individuals during the holiday season. What is the $350 WA Continue reading
Trudeau Holiday Tax Break Sparks Debate Over Grocery Taxes in Canada
Prime Minister Justin Trudeau’s recent announcement of a temporary GST/HST holiday tax break has stirred significant public reaction. Social media users and experts have raised concerns, prompting clarification on the nature of grocery taxation in Canada and the potential consequences of the proposed measure. The Holiday Tax Break: What’s Included? Starting December 14, 2024, Canadians Continue reading
Dollarama $2.6 Million Class-Action Settlement Approved: Eligibility & Payout
Canadian shoppers are eligible for compensation following a $2.6-million settlement in a class-action lawsuit against Dollarama over improperly displayed environmental handling fees. If you purchased certain products from Dollarama between 2019 and 2023, you might be entitled to an Interac e-transfer of up to $10. Here’s everything you need to know about the lawsuit, eligibility, Continue reading
MadeGood Granola Bars Recalled Due to Potential Metal Contamination: What You Need to Know
Riverside Natural Foods, the company behind the popular MadeGood granola bars, has issued a voluntary recall for several of its products over concerns of potential metal contamination. The recall affects products distributed across Canada, the United States, and other international markets. What Prompted the Recall? The recall was initiated after the discovery of a small Continue reading