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As the cost of living continues to rise, one of the most important considerations for retirees is ensuring that their pensions retain their value. For members of the Public Service Pension Plan, indexation provides a safeguard against inflation by adjusting pensions each year. In 2025, the indexing rate will be 2.7%, based on calculations using Continue reading

Canadian Green Party leader Elizabeth May has suggested a bold and unconventional idea: inviting California, Oregon, and Washington to join Canada as provinces. Her comments were made in response to U.S. President-elect Donald Trump’s ongoing suggestion that Canada should become the 51st U.S. state. May’s Proposal: Universal Healthcare and Stricter Gun Laws Speaking at a Continue reading

Canada has long been admired as a land of opportunity for immigrants from across the globe. However, a recent CBC News poll conducted by Pollara Strategic Insights reveals significant challenges facing newcomers, painting a more complex picture of the immigrant experience in Canada. Overwhelming Concerns About Canada’s Immigration Planning A key finding of the survey Continue reading

The Old Age Security (OAS) pension is a Canadian government program providing monthly payments to eligible seniors. It is designed to support individuals in their retirement years, and payment amounts are regularly reviewed to keep pace with inflation. How Much Will CPP and OAS Increase in 2025? A Comprehensive Guide for Canadian Retirees Top 10 Continue reading

The Canada Pension Plan (CPP) is a cornerstone of retirement income for Canadians, ensuring benefits align with the cost of living. These annual adjustments, based on the Consumer Price Index (CPI), ensure that retirees and other CPP recipients maintain purchasing power in an ever-changing economy. Let’s explore how CPP amounts are calculated, what role the Continue reading

On Monday, Prime Minister Justin Trudeau announced his resignation as leader of Canada’s Liberal Party during a news conference. Although he will remain prime minister until a successor is chosen, Trudeau’s departure marks a significant shift in Canadian politics. The announcement followed mounting pressure from Liberal members of parliament and declining public support. Polls indicate Continue reading

The Canadian Armed Forces (CAF) is facing significant staffing challenges and is exploring retention bonuses as a strategy to prevent skilled personnel from leaving the service. According to an October 2024 briefing prepared for Lt.-Gen. Lise Bourgon, chief of military personnel, these bonuses are one of several measures proposed to support the reconstitution of the Continue reading

One of the standout benefits of having a Public Service Pension Plan (PSPP) pension is the assurance of guaranteed income for the rest of your life. With a defined benefit pension, you can retire with confidence, knowing your income is protected against inflation through an annual Cost of Living Adjustment (COLA). This feature ensures your Continue reading

In 2025, the Province of British Columbia is setting the maximum allowable rent increase at 3%, tied to inflation. This is a reduction from the 2024 cap of 3.5%, offering further financial relief to renters. “Tying the allowable increase to inflation saves renters hundreds of dollars, compared to the previous government’s policy of inflation plus Continue reading

Canadian families relying on the Canada Child Benefit (CCB) program are set to receive higher payments starting this Friday. These increases are tied to inflation, ensuring families can better manage the rising costs of raising children. Here’s everything you need to know about the enhanced benefits for the 2024-2025 benefit year. New PEI Child Benefit: Continue reading