Finance

The Old Age Security (OAS) pension is a cornerstone of senior benefits in Canada, offering critical financial support to millions. As we look ahead to 2025, it’s essential to understand how OAS is evolving to meet the needs of retirees. This article explores key updates, including payment amounts, schedules, eligibility, and additional benefits. 2025 Payment Continue reading

The Canada Revenue Agency (CRA) administers numerous assistance programs, one of which is the Canada Child Benefit (CCB). This financial support is designed for families with children under 18. To keep beneficiaries informed, the CRA issues a CCB Notice, providing detailed information about payment amounts, eligibility, and potential adjustments. Let’s dive into what this notice Continue reading

The GST/HST Credit helps low to moderate-income households in Canada by providing tax-free quarterly payments. These payments are designed to offset the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) paid on various goods and services. Thanks to the GST/HST credit, eligible taxpayers can get a portion of the taxes they’ve paid Continue reading

The Canada Pension Plan (CPP) plays a crucial role in providing financial security to retirees across Canada. In response to inflationary pressures, the Canadian government has announced a 2.6% increase in CPP payments, set to take effect in January 2025. This increase will benefit retirees, helping them manage the rising costs of living, such as Continue reading

Junior medical doctors (JMDs) employed in the NSW public health system have secured a significant $229.8 million settlement in a class action addressing claims of widespread underpayment. The settlement, inclusive of legal and administrative costs, was approved by the Supreme Court of New South Wales on 20 September 2024, with Justice Garling declaring the agreement Continue reading

Grubhub, one of the most popular food delivery services in the U.S., has agreed to a $25 million settlement to resolve a Federal Trade Commission (FTC) lawsuit accusing the company of misleading customers, drivers, and restaurants. The settlement marks a significant shift in how Grubhub will operate moving forward, requiring substantial changes to its platform Continue reading

Retirement planning is a complex process, especially with the rising cost of living and inflation. Many seniors face financial challenges as they transition into retirement, often choosing to extend their working years to supplement their income. The Canada Pension Plan (CPP) Post-Retirement Benefit (PRB) is designed to support individuals who continue to work beyond retirement Continue reading

As 2025 begins, the Canada Revenue Agency (CRA) is rolling out significant updates to its tax system that will affect individuals, businesses, and seniors alike. These changes are aimed at improving efficiency, providing targeted relief, and fostering economic recovery. From extended filing deadlines to enhanced digital tax tools, here’s a detailed look at the five Continue reading

The Old Age Security (OAS) program continues to be a cornerstone of financial support for seniors in Canada. Payments are adjusted periodically to keep up with the rising cost of living, ensuring that seniors receive adequate support. Here’s what you need to know about OAS changes for January 2025 and beyond. Old Age Security: How Continue reading

Old Age Security (OAS) benefits provide vital financial support to eligible seniors in Canada, with payment amounts periodically adjusted to reflect changes in the cost of living. Here’s a comprehensive guide to what’s changing in January 2025, based on updates tied to the Consumer Price Index (CPI). Understanding Your OAS Pension The Old Age Security Continue reading