Introduction to the Canada Workers Benefit (CWB) The Canada Workers Benefit (CWB) is a crucial financial support program designed to help low-income Canadians make ends meet. The benefit, which is refundable, is aimed at providing financial relief to low-income workers and families, particularly those struggling to afford everyday living costs. Starting in July 2025, there Continue reading
Finance
Disability Tax Credit (DTC) Updates for 2025
The Disability Tax Credit (DTC) is a crucial resource for individuals with disabilities, offering much-needed financial relief. While it may be an unfamiliar term to many, the DTC can significantly reduce the amount of income tax owed and ease the burden of everyday living costs. However, understanding the nuances of eligibility and the application process Continue reading
Canadians Eligible for Up to $100,000 in Landmark Tobacco Class-Action Settlement
If you or someone you know has suffered from the harmful effects of smoking, you could be eligible for compensation through a groundbreaking tobacco class-action lawsuit settlement. In a monumental step toward addressing the damage caused by tobacco companies, the Ontario Superior Court of Justice has approved a historic $32.5-billion settlement, bringing much-needed relief to Continue reading
Turn Your TFSA Into a Money-Making Powerhouse with $15,000
A Tax-Free Savings Account (TFSA) is one of the most powerful tools available to eligible Canadians who want to build wealth over time. However, beyond just saving, you can leverage your TFSA to generate consistent cash flow by investing in dividend-paying stocks. By strategically choosing the right stocks, an investment of $15,000 can evolve into Continue reading
Canada Revenue Agency to Lay Off 450 Temporary Employees During Tax Season
As the tax filing season hits full swing, the Canada Revenue Agency (CRA) has notified 450 of its term employees across the nation that their contracts will not be renewed at the end of the month. This decision comes amidst a broader effort by federal departments and agencies to find budgetary savings. Etienne Biram, a Continue reading
Is there a CPP Increase Coming in 2025? Will It Be Enough for Retirees Facing Rising Costs?
Retirees across Canada are set to receive a cost-of-living increase in their Canada Pension Plan (CPP) benefits in 2025. But with grocery costs straining 51% of Canadians and rent rising nearly 9% year over year, the question remains: Will this adjustment be enough to maintain financial stability in retirement? In this article, we’ll break down Continue reading
New DWP Weekly Payment Rates for 2025/26: Full Breakdown of State Pension and Benefits Increases
The Department for Work and Pensions (DWP) has announced new weekly payment rates for State Pension and benefits starting in April 2025. Millions of people across the UK, including pensioners and benefit claimants, will see an increase in their payments. Below, we break down the full list of updated rates, eligibility criteria, and when recipients Continue reading
New CRA Regulations for OAS/CPP Pension Benefits in 2025 Find Out How They Impact You!
Introduction to the 2025 CRA Pension Reforms The Canadian government has made significant updates to its Old Age Security (OAS) and Canada Pension Plan (CPP) systems, set to take effect in 2025. These changes are designed to improve retirement security by introducing enhanced CPP contribution rates, new earnings limits, and quarterly OAS adjustments based on Continue reading
CIBC Customer Stunned After $260K Mortgage is Taken Out Without Notice
Hailey Leo, a resident of Langley, B.C., recently experienced a nightmare scenario that left her in disbelief and questioning her bank’s security protocols. In February 2025, Leo discovered that someone had somehow gained access to her personal information and opened a mortgage in her name in a completely different province — without her knowledge or Continue reading
Australians to Receive $300 Energy Rebate in 2025: Essential Information on Eligibility, Payment Details, and More
With energy costs continuing to rise across Australia, the federal government has introduced a much-needed solution for households to alleviate financial pressures: the $300 Energy Rebate. This initiative offers direct financial relief by automatically applying credits to electricity bills throughout 2025, helping Aussies manage their energy expenses more effectively. This rebate is a timely intervention Continue reading