Navigating your tax return can be challenging, especially when it comes to Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions. Here’s a comprehensive guide to help you understand how to calculate and claim overpayments depending on your province or territory of residence as of December 31, 2024. What Are CPP and QPP Contribution Continue reading
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USD/CAD Defends Bullish Momentum Amid Turbulence: Will the Breakout Materialize?
The USD/CAD currency pair has shown resilience, bouncing back from a one-month low of 1.4259 to chart a fresh four-year high at 1.4514. This recovery underscores the pair’s ability to weather volatile conditions as it remains in a tight trading range. Tight Trading Zone Holds the Key Despite the recent fluctuations, USD/CAD continues to oscillate Continue reading
Will a Weak Canadian Dollar Stoke Inflation? The Ripple Effect
As Donald Trump assumes the presidency in the United States, the specter of aggressive tariffs looms large. This could have profound implications for the Canadian economy, potentially driving inflation higher. Beyond direct trade confrontations, a weaker Canadian dollar could act as a catalyst for increased prices domestically, limiting the Bank of Canada’s ability to cut Continue reading
Why Will You Receive an Additional CPP Payment in 2025?
The Canada Pension Plan (CPP) has undergone significant changes in recent years, all aimed at increasing retirement income for working Canadians and their families. The CPP enhancement, which began on January 1, 2019, is a series of adjustments designed to provide higher benefits for those contributing to the plan. In 2025, these changes will continue, Continue reading
Feds Commit Nearly $100 Million in Grants to Advance Research Commercialization
The federal government has unveiled a $95.3-million funding initiative aimed at commercializing innovations from Canadian universities. Spanning five years, this significant investment seeks to bridge the gap between groundbreaking research and market-ready products, bolstering Canada’s global competitiveness in innovation. The Lab2Market Program’s Expansion Simon Fraser University (SFU) and the University of British Columbia (UBC) are Continue reading
Donald Trump Hints at 25% Tariffs on Canadian Imports Starting February 1
WASHINGTON – U.S. President Donald Trump has proposed implementing a 25% across-the-board tariff on Canadian imports as early as February 1. Speaking at the White House on Monday evening, Trump introduced this possibility while signing unrelated executive orders. “We are thinking in terms of 25% on Mexico and Canada because they are allowing vast numbers Continue reading
U of G Secures $16M to Lead National Agri-Food Innovation and Training Platform
A groundbreaking initiative led by the University of Guelph, in collaboration with key national partners, aims to position Canada as a global leader in agri-food innovation and entrepreneurship. Supported by a significant Lab to Market grant of nearly $16.3 million over five years, the Sustainable Food Systems for Canada (SF4C) platform is designed to drive Continue reading
Lincoln Wheat Penny Worth $2.1 Million Could You Have One?
The Lincoln Wheat Penny, a coin that has been a staple of American currency for over a century, is making headlines once again. While most people consider pennies small and insignificant, there is one particular Lincoln Wheat Penny valued at an astonishing $2.1 million. Amazingly, this coin is still in circulation today, offering a chance Continue reading
Top 10 Rare and Valuable Bicentennial Quarters Worth Up to $20 Million
The world of numismatics never ceases to amaze, with coins that once jingled in pockets now commanding astronomical sums. Among these, the Bicentennial quarters stand out not just for their historical significance but for the staggering values some rare specimens have achieved. In this article, we’ll explore the top 10 most valuable Bicentennial quarters, their Continue reading
Health Canada Confirms FDA-Banned Synthetic Red Food Dye is Safe for Use in Canada
A synthetic food dye, Red 3, recently banned from the U.S. food supply, remains permitted in Canada. Despite the U.S. Food and Drug Administration’s (FDA) decision, Health Canada maintains that Red 3 does not pose a health risk to the general population. This position makes Canada an outlier, as Red 3 is also restricted in Continue reading