Finance

As we step into 2025, simply copying and pasting your previous year’s budget won’t be enough to achieve your financial goals. Experts emphasize the need for a fresh approach to budgeting and planning to navigate the ever-changing financial landscape. Why You Need a New Plan “Things don’t stay the same. Prices keep going up,” said Continue reading

An annual report on food prices in Canada is forecasting continued increases in grocery costs for 2025. The Food Price Report, released Thursday, predicts significant price jumps in certain categories, including meat and vegetables, as well as higher costs for dining out. However, the report also notes that some food prices in 2024 were lower Continue reading

As the new year begins, Canadians face various financial changes, from higher Canada Pension Plan (CPP) contributions to adjustments in tax brackets and BC Hydro fees. Here’s a breakdown of the key updates you need to know to plan your finances effectively. Higher Tax Brackets for 2025 To offset inflation, income tax brackets will increase Continue reading

The Canada Pension Plan (CPP) remains a cornerstone of retirement income for millions of Canadians, providing monthly payments to individuals who have contributed during their working years. Here’s the latest on the 2025 CPP payment schedule, benefit increases, and ways to maximize your payouts. CPP Payment Schedule for 2025 The Canada Pension Plan payments are Continue reading

Interest rates were the central theme of 2024, and as we step into 2025, the Bank of Canada (BoC) is signaling a shift toward a more measured approach. After cutting the policy rate by a substantial 175 basis points throughout 2024, including two consecutive 50-basis-point cuts in October and December, the BoC has set the Continue reading

The USD/CAD pair is under pressure, trading in negative territory near 1.4350 during the early European session on Tuesday. A recovery in crude oil prices is bolstering the Canadian Dollar (CAD), which is tied to commodities, creating headwinds for the USD/CAD pair. However, the downside may remain limited due to growing expectations that the Federal Continue reading

The Canada Revenue Agency (CRA) has released the updated contribution limits for the Canada Pension Plan (CPP) in 2025. These adjustments are part of ongoing efforts to enhance the CPP, ensuring Canadians have access to more robust retirement income. Here’s a detailed breakdown of what’s changing and how it can impact your retirement planning. New Continue reading

The USD/CAD currency pair is set to close above the significant 1.4000 level for the first time in over two decades, reflecting a pivotal moment in its trading history. With numerous geopolitical and economic factors at play, this rally has attracted significant attention from traders and analysts alike. USD/CAD’s Historical Mean-Reversion Behavior Over the past Continue reading

As we approach 2025, significant changes are set to take place in Canada’s key retirement income programs, including the Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), Registered Retirement Savings Plans (RRSP), and pensions. These updates are designed to help retirees keep pace with rising living costs and ensure greater financial Continue reading

Media misinformation has created a buzz among Alberta’s electric vehicle (EV) owners, sparking confusion about the proposed $200 tax for EV registrations. However, EV drivers can breathe a little easier—the tax is not taking effect as soon as some reports suggested. Understanding the Proposed EV Tax In Alberta’s spring budget, Finance Minister Nate Horner proposed Continue reading