With rising costs in groceries, housing, and other essentials, Canadians can look forward to a series of federal benefits and rebates designed to ease financial stress in 2025. Here’s a detailed breakdown of the programs and when you can expect to receive them. 1. Canadian Pension Plan (CPP) Payment Dates: January 29, February 26The CPP Continue reading
Finance
Ontario Trillium Benefit Arriving Tomorrow: What to Expect and How the Canada Post Strike May Delay Your Mail
Relief Amid Rising Costs: What the Ontario Trillium Benefit Offers With the next round of Ontario Trillium Benefit (OTB) payments scheduled for December 10, eligible Ontarians can look forward to some financial relief. This benefit, first introduced in 2011, combines three provincial tax credits into one payment to address the rising cost of living, energy Continue reading
Nissan Data Breach Settlement: What You Need to Know and How to Claim Your Share
Settlement Overview: CAD $1.82 Million Fund for Class Members In the wake of a 2017 data breach, Nissan Canada Inc., Nissan Canada Financial Services Inc., and Nissan North America, Inc. faced class action lawsuits in Ontario and Quebec. These suits allege that an anonymous attacker demanded a ransom after claiming possession of customer data. Although Continue reading
Ontario Trillium Benefit Payment Arriving December 10 — How Canada Post Strike Could Impact your Payment
The Ontario Trillium Benefit (OTB) is a crucial financial aid program designed to assist Ontario residents with energy costs, sales tax, and property tax. As the next payment date approaches on December 10, it’s essential to understand how much you can expect, eligibility criteria, and the potential impact of the ongoing Canada Post strike. What Continue reading
What happens if you file taxes late but don’t owe CRA?
Filing taxes is a legal obligation for Canadian residents, but sometimes individuals, businesses, or trusts neglect to file their tax returns. In these cases, they are classified as non-filers. If you’re wondering what happens if you don’t file taxes in Canada, and what being a non-filer means, this detailed guide explains the process, penalties, and Continue reading
3 Costly RRSP Mistakes to Avoid: Protect Your Savings and Grow Wealth
Building a million-dollar portfolio through a Registered Retirement Savings Plan (RRSP) is a dream for many Canadians. However, achieving this goal requires more than just contributions and market gains. To safeguard your savings and remain compliant with the Canada Revenue Agency (CRA), it’s vital to steer clear of common pitfalls. This article explores three major Continue reading
$1,200 for Low-Income Seniors: Fact Check, Eligibility, and Payment Dates
$1,200/month benefit for seniors, including eligibility criteria and payment dates. Learn who qualifies for this financial support, how to apply, and when to expect payments. Stay informed to ensure you or your loved ones receive the benefits you’re entitled to. There have been discussions and announcements regarding a new initiative aimed at providing financial support Continue reading
ICBC 2024 Rebate Explained: Who’s Eligible and How to Claim
British Columbia’s Insurance Corporation (ICBC) is offering a one-time $110 rebate to eligible insurance customers in 2024. This rebate comes as ICBC ends its fiscal year in a strong financial position, bolstered by better-than-expected investment returns and improved capital reserves. Here’s everything you need to know about the rebate, eligibility, and how to ensure you Continue reading
$300 Canada Federal Payment 2024 – Are You Jobless? When will it be paid?
In 2024, the Canadian government is providing a $300 federal payment to eligible citizens to offer financial relief and support during challenging economic times. This one-time payment aims to help individuals and families cope with rising living costs and other financial pressures. Here’s everything you need to know about the $300 Canada Federal Payment, including Continue reading
Big Tax Breaks Coming for British Columbians: How to Maximize Your Savings over Holiday Season
British Columbians can look forward to several tax relief measures announced by federal and provincial governments. From a GST winter holiday to provincial tax cuts, these initiatives aim to ease the financial burden for many households. Here’s a breakdown of what’s coming, who qualifies, and how it impacts you. 1. GST Winter Break: Save on Continue reading