As inflation continues to impact the cost of living across Canada, the federal government is stepping in to provide relief for those who need it most. In 2024, the Canada Revenue Agency (CRA) is implementing a targeted inflation relief payment of $300 for eligible jobless Canadians. This initiative aims to support individuals facing financial hardships 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.
$300 For Canadian Senior Citizens: What is & Who Qualifies Senior One-time Payment?
The Canadian government has announced a special one-time payment of $300 to assist senior citizens with the rising cost of living. This payment is designed to provide additional financial support to older Canadians who may be struggling with increased expenses, such as housing, healthcare, and daily living costs. Who Qualifies for the $300 Senior Payment? Continue reading
$2,385 (CPP+OAS+GIS) with the New CPP One Time Payment for Seniors – Eligibility and Payment Dates
In 2024, $2,385 includes (CPP+OAS+GIS) one-time Payment for eligible seniors. This financial support comes as part of the government’s efforts to help Canadian seniors manage the cost of living and ensure a more comfortable retirement. This article will provide updated information on the payment dates, eligibility criteria, and how you can ensure you receive this Continue reading
Veterans Disability Pension Payment Coming in Nov 2024: Eligibility & How to Apply
The Veterans Disability Pension is a monthly, tax-free benefit provided by Veterans Affairs Canada (VAC) to support eligible Canadian veterans who suffer from disabilities related to their service. The purpose of this benefit is to recognize the impact of service-related disabilities on veterans’ lives and to offer financial assistance as they manage these conditions. For Continue reading
Student Direct Stream Requirements and Eligible Countries: Key Differences Between SDS and the Regular Study Permit Stream
The Student Direct Stream (SDS) is a fast-track study permit application process for international students looking to pursue their education in Canada. It was introduced to simplify and speed up the visa application process for students from select countries. The SDS aimed to streamline study permit approvals by setting specific requirements, which often led to Continue reading
Senior Safety Program Payment for Nova Scotia Senior Citizens 2024
As part of the ongoing efforts to support seniors in Nova Scotia, the government has introduced the Seniors’ Safety Program. This initiative aims to assist seniors in making their homes safer and more accessible, offering a one-time payment to eligible residents. Below, we provide a comprehensive overview of the program, including eligibility criteria, payment dates, Continue reading
Why I’m Focusing on My Pension Instead of Paying Off My Mortgage
Returning to full-time work after a lengthy career break brings financial opportunities—and dilemmas. With extra income now coming in, many people face the big question: Should they focus on paying down their mortgage faster or put more money into their retirement savings? For a couple in their mid-forties, this can be a pressing concern, especially Continue reading
Canadian Rental Prices Fall for the First Time Since 2021 in big Urban Cities
For the first time in more than three years, annual rental prices across Canada have recorded a decline. According to a recent report by Rentals.ca and real estate data firm Urbanation, rental prices in October 2024 were down 1.2% compared to the same month last year. This notable decline is largely driven by decreases in Continue reading
Thousands of Americans Consider Relocating Abroad After Trump Win
As the U.S. election results signaled a second presidential term for Donald Trump, a significant wave of anxiety swept across the country, prompting thousands of Americans to consider relocating abroad. According to Google data, searches for “move to Canada” skyrocketed by an astonishing 1,270% within 24 hours of polls closing on the East Coast. Interest Continue reading
Algonquin College Faces $32M Deficit New Restrictions on International Students
Algonquin College is grappling with a projected $32 million deficit for the 2024-2025 fiscal year, stemming from recent federal policy changes that have significantly impacted international student enrolment and post-graduate work permits. The college’s President and CEO, Claude Brulé, confirmed that the new federal cap on international students, combined with shifts in work permit eligibility, Continue reading