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Canada has announced a temporary pause on accepting new parent and grandparent permanent residency sponsorship applications, as stated in a ministerial directive published in the Canada Gazette. The move aims to address existing backlogs while ensuring the government’s commitment to family reunification. Focus on Family Reunification Amid Immigration Backlog Immigration Minister Marc Miller emphasized that Continue reading

Retirement planning is one of the most significant decisions of your life, and as a HOOPP (Healthcare of Ontario Pension Plan) member, you have the tools to craft a financially secure future. Whether you retire early or later, your HOOPP pension provides a predictable monthly income, ensuring peace of mind in your golden years. Let’s Continue reading

As Toronto prepares for its new border checkpoint, enabling travelers to complete U.S. customs preclearance before departing for the United States, Canada is making strides in cross-border efficiency with a groundbreaking milestone. The Canada Border Services Agency (CBSA) has announced the opening of its first-ever preclearance operation on U.S. soil, scheduled for 2025, with a Continue reading

Economists at Canada’s major banks predict a less dramatic shift in interest rates in 2025 compared to 2024. However, various economic factors are expected to create new challenges for Canadians and the broader economy. A Look Back at 2024: Significant Rate Cuts Defined the Year In 2024, the Bank of Canada (BoC) implemented five rate Continue reading

The Quebec government has announced a temporary suspension of subsidies for electric vehicle (EV) purchases under the Roulez vert program. The suspension will take effect from February 1 to April 1 next year due to insufficient funds in the program. Here’s everything you need to know about the impact of this decision. Temporary Halt on Continue reading

As the new year begins, Canadians are in for a financial boost with the first payment of the Goods and Services Tax (GST) Credit for 2025. This quarterly payment is designed to help low- to moderate-income households cover the costs of everyday goods and services, offering much-needed relief during tough times. What is the GST Continue reading

In a move to ease the financial burden of property taxes, the Government of British Columbia has raised the eligibility thresholds for both the renter’s tax credit and homeowner’s grant for the 2024 tax year. These adjustments aim to help more residents access valuable relief, particularly renters and homeowners struggling with rising property costs. Renters Continue reading

Over the holidays, many Canadians received an unexpected e-transfer of $36.29 from MNP, a Canadian accounting firm. While a holiday gift would be a pleasant surprise, this particular payment is tied to a class action lawsuit settlement involving Facebook and its parent company Meta. The settlement addresses allegations that Facebook used users’ images without their Continue reading

The USD/CAD pair has halted its two-day rally, trading at approximately 1.4370 during the Asian trading hours on Thursday. This downside correction in the pair is mainly attributed to a retreat in the US Dollar, following its recent surge. The US Dollar Index (DXY), which measures the US Dollar’s strength against six major currencies, is Continue reading