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Canada Immigration Fees Set to Increase Starting December 1, 2024Immigration, Refugees, and Citizenship Canada (IRCC) has announced fee increases for various temporary resident applications. These adjustments, ranging from 2.80% to 4.69%, will affect individuals applying for restoration of temporary resident status, authorization to return to Canada, or temporary resident permits. Here’s a complete breakdown of Continue reading

Retirement income in Canada varies significantly based on factors such as savings, investments, government benefits, and pensions. While the government provides foundational support through the Canada Pension Plan (CPP) and Old Age Security (OAS), the total income retirees receive depends on their financial planning and lifestyle choices. Here’s a detailed breakdown of the average retirement Continue reading

A Tax-Free Savings Account (TFSA) is one of the most powerful investment tools available to Canadians. With a TFSA, you can earn money on your investments—whether from interest, dividends, or capital gains—completely tax-free. This can significantly boost your wealth over time, especially when reinvested. If you’re looking to earn consistent income from your TFSA every Continue reading

Navigating taxes can be tricky, but understanding Canada’s updated tax brackets for 2024 can help you plan better and potentially save more. Here’s a clear guide to the latest federal tax rates and the maximum you’ll owe based on income. Canada’s Federal Tax Brackets for 2024 In Canada, taxes are determined using a marginal tax Continue reading

As the year-end approaches, it’s time to focus on optimizing your tax strategy. The 2024 tax season brings some noteworthy changes that could impact your tax planning. With just a few weeks left until December 31, here’s a guide to help you make the most of the current tax regulations and set yourself up for Continue reading

The Express Entry system remains one of Canada’s most popular immigration pathways, offering skilled workers the opportunity to gain permanent residency. The most recent draw, #319, was held on Nov 13, 2024, targeting candidates with Canadian Experience Class. As we look ahead to the next draw, expected on Dec 10, 2024, many candidates are eager Continue reading

As energy costs continue to rise, Canadians are seeking ways to make their homes more energy-efficient, with many provinces offering heating rebates to help reduce heating expenses. These rebates often focus on transitioning to more sustainable, energy-efficient heating systems, like heat pumps, which can lower utility bills and contribute to a greener environment. Here’s an Continue reading

If you’re a low or modest-income Nova Scotian struggling with the cost of home heating, you’re in luck! The province’s Heating Assistance Rebate Program (HARP) is offering eligible households a rebate of $600 to help with the cost of heating their homes. The program covers various heating sources, including oil, electricity, natural gas, wood, wood Continue reading