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As retirement approaches, the Old Age Security (OAS) clawback 2025 becomes an important consideration for Canadian seniors planning their financial future. This recovery tax can significantly impact your retirement income if your earnings exceed the government’s set thresholds. Let’s explore how the OAS clawback 2025 works, what changes to expect, and actionable strategies to reduce Continue reading

As a retired member of the HOOPP Pension Plan (Healthcare of Ontario Pension Plan), you can enjoy peace of mind knowing your pension will last a lifetime. Offering a secure monthly income, the HOOPP Pension Plan also provides optional inflation protection through Cost of Living Adjustments (COLA) to help preserve the purchasing power of your Continue reading

Inflation protection is a cornerstone of the OMERS (Ontario Municipal Employees Retirement System) pension plan, ensuring that retirement, disability, and survivor pensions maintain their value against rising costs. For 2025, OMERS has announced a 2.61% pension increase effective January 1. Here’s a detailed look at how the OMERS Pension Increase 2025 works, what influences the Continue reading

The Canada Carbon Rebate (CCR), formerly known as the Climate Action Incentive Payment, is returning in 2025 to help Canadians offset rising costs associated with federal pollution pricing. Designed to return a portion of carbon tax revenues directly to households, the CCR is a key tool in Canada’s fight against climate change. Here’s everything you Continue reading

The Canada Disability Benefit (CDB), a groundbreaking federal initiative designed to provide financial relief to low-income Canadians with disabilities, is set to roll out in July 2025. The program, announced with a $6.1 billion allocation in the 2024 federal budget, offers up to $2,400 annually to eligible recipients. Canada Disability Benefit: New Rule Exempts Payments Continue reading

Canada’s largest oil and gas producers are ramping up their production plans for 2025 despite U.S. president-elect Donald Trump’s proposed 25% blanket tariff on crude imports. With the U.S. as Canada’s largest trade partner, accounting for over 75% of exports—including over 20% from oil and gas—these developments hold significant economic implications. U.S. Tariff Threat and Continue reading

Gas prices in Canada surged over the past week, with several cities experiencing significant increases. According to data from Kalibrate, the national average price for regular fuel rose by 1.2 cents per litre between January 2 and January 9, 2025.] Notable Gas Price Increases Chicoutimi, Quebec, recorded the highest increase, with gas prices jumping by Continue reading

Did you know a rare minting error on a 2016 Australian 5-cent coin could make it worth as much as $4,000? Coin collectors worldwide are on the hunt for this unique piece, nicknamed the ‘alien,’ due to its unusual features. What Makes the 2016 5-Cent Coin Special? One of the main reasons collectors are so Continue reading

For many seniors, retirement opens doors to exciting opportunities, from exploring hobbies to enjoying more social activities. While aging often comes with perks like senior discounts, Costco doesn’t offer reduced membership fees for seniors. A Gold Star membership costs $65 annually, while the Executive membership, with its added 2% cashback benefits, is $130. At first Continue reading