In July 2025, a new chapter begins for Canadians with disabilities. The Canada Disability Benefit (CDB) promises a lifeline for adults aged 18 to 64, introducing a national financial support system aimed at easing the burden of living with a disability. While the CDB marks a significant policy shift, many are questioning whether it will Continue reading
Blog
First Canadian Border Preclearance Facility in the U.S. Set to Open Near Ontario
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
What Economists Predict for the Bank of Canada in 2025
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
Quebec Halts Financial Incentives for EV Purchases
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
$680 CRA Payment Coming Soon in Jan 2025: Are You Eligible for the this Credit?
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
BC Resident Eligible for $400 Rent Tax Credits in 2025: Find out if you are Eligible
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
Here’s Why Thousands of Canadians Received $36.29 from MNP
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
USD/CAD Dips to Around 1.4350 as Oil Prices Continue to Climb
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
2025 First GST/HST Credit Payments Going Out Tomorrow: Payment Breakdown, What’s New?
The first GST/HST payment of 2025 is scheduled to be deposited into the accounts of eligible Canadians tomorrow, marking the start of a new year of government support for lower-income individuals and families. These quarterly payments aim to provide financial relief for households facing rising costs of living. In addition to the GST/HST credit, Canadians Continue reading
What’s Getting More Expensive for British Columbians in 2025?
It’s no secret that the growing cost of living has left many British Columbians feeling the pinch in 2024. With the new year approaching, 2025 is shaping up to deliver another round of financial pressures. Prices on fuel, housing, food, and transportation are all expected to rise again. However, there are a few silver linings Continue reading