Finance

Hey parents! Did you know you could get more out of your Canada Child Benefit (CCB)? Beyond the federal payments, you may qualify for extra provincial or territorial top-ups depending on where you live. These add-ons can make a big difference in your monthly budget, so let’s dive into what’s available across Canada in 2025. Continue reading

The US Dollar (USD) has recently gained traction, moving away from its two-week low retested earlier this week. This upward movement can be attributed to several key factors, including a modest recovery in US Treasury bond yields. Meanwhile, the Canadian Dollar (CAD) faces pressure due to several economic and geopolitical developments. USD Gains Momentum Amid Continue reading

As a new year begins, Canadians can expect significant updates to Federal Government programs, including changes to the Canada Pension Plan (CPP) and Old Age Security (OAS). While the introduction of $7,000 in new Tax-Free Savings Account (TFSA) contribution room has garnered attention, the increases in CPP and OAS payments are equally noteworthy. Let’s dive Continue reading

B.C. Premier David Eby announced Thursday that the promised $1,000 rebate cheque, a central and costly pledge from the fall provincial election, might be reconsidered as part of a comprehensive government spending review. The Uncertain Future of the Grocery Rebate The so-called “grocery rebate” would have provided the average single taxpayer with $500 and the Continue reading

The Canadian Dollar (CAD) has taken a hit, plunging to familiar multi-year lows last seen during the pandemic. This drop has pushed USD/CAD above the 1.4400 handle, keeping the Loonie at its weakest bids in years. As the trading week ends, the lack of significant economic data leaves traders focused on the widening interest rate Continue reading

As we enter 2025, there are several updates to federal policies that could influence Canadians’ financial planning. While some adjustments are routine, others may require more strategic preparation, especially with significant changes such as those affecting the capital gains tax. Below is an overview of the key changes you need to know. Changes to Canadian Continue reading

January 2025 is a busy month for benefit payments in Canada. Here’s a breakdown of what to expect and when the money should arrive in your bank account or by mail. Ontario Trillium Benefit (OTB) The Ontario Trillium Benefit (OTB) is scheduled for issuance on January 10, 2025. If you’re eligible, the funds will likely Continue reading

The Canada Revenue Agency (CRA) has announced a game-changing update for 2025: no federal taxes on the first $16,129 of income! This increase in the Basic Personal Amount (BPA) provides significant tax relief, especially for low- and middle-income Canadians. Whether you earn below or above this threshold, this update ensures you’ll keep more of your Continue reading

If you were among the nearly 19 million working Canadians expecting a $250 cheque from the Liberal government in the new year, it’s time to put those plans on hold. Sources indicate that Finance Minister Chrystia Freeland has decided to scrap the “Working Canadians Rebate” program, initially estimated to cost $4.68 billion. Why Was the Continue reading