The Bank of Canada (BoC) made another bold move on Wednesday, cutting its benchmark interest rate by 50 basis points to 3.25%. This marks the second consecutive half-point reduction, as the central bank continues to navigate an economy showing signs of slowing growth and stabilizing inflation. Fifth Rate Cut Since June The latest reduction is Continue reading
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Beware of $250 Working Canadians Rebate Scam Texts: Protect Your Information and Stay Safe
Scammers are preying on unsuspecting Canadians by sending fraudulent text messages claiming to offer instructions on how to deposit the Working Canadians Rebate. These deceptive messages are designed to steal personal information or money from recipients. Itβs important to know that the Canada Revenue Agency (CRA) does not send text messages regarding benefits, credits, rebates, Continue reading
RRSP Withholding Tax: Is It Refundable? Everything You Need to Know
he Registered Retirement Savings Plan (RRSP) is a popular tax-advantaged investment account in Canada, designed to help Canadians save for retirement while reducing their taxable income. However, when it comes time to withdraw funds from an RRSP, a withholding tax is applied, which often raises questions about its refundability. In this article, we’ll break down Continue reading
Ontario Tough New Safety Laws: $500K Minimum Fine for Repeat Violations and Expanded Protections for Workers
Ontario is taking a strong stance on workplace safety and labour rights with a new bill that introduces significant penalties for serious health and safety violations while expanding protections for vulnerable workers. Labour Minister David Piccini announced the wide-ranging legislation on Wednesday, highlighting its focus on preventing workplace fatalities and safeguarding worker rights across various Continue reading
Best Costco Groceries for Smaller Households
The debate over grocery prices in Canada continues to heat up. Costco’s competitors, such as Loblaw, Frescho, Food Basics, Sobeys, and Metro, have been under fire for months due to soaring food prices. Last year, the CEOs of these companies defended their high prices, sparking frustration among Canadians. In May, thousands of shoppers even boycotted Continue reading
Unique Royal Canadian Mint Coin Fetches Over $1.5 Million
A unique, one-of-a-kind pure gold coin from the Royal Canadian Mint has set a new record by selling for over $1.5 million. The coin, named The Dance Screen (The Scream Too), boasts 99.99% purity and weighs an impressive 10 kilograms, surpassing the previous auction record for coins in Canada. The Sale Details The rare coin Continue reading
Canada Issues Updated Winter Travel Alerts for 9 Popular Countries
As winter tightens its icy grip, Canadians dreaming of sun-soaked beaches or bustling cultural escapes need to stay informed before setting off. The Government of Canada has issued updated travel advisories for popular winter destinations, ensuring travelers are well-prepared for potential risks. From safety concerns to essential shortages, hereβs a detailed breakdown of what you Continue reading
Rare Canadian Cent, Valued Up to $3,000, Sought After by U.S. Coin Collectors
If you’re looking to start a coin collection, Canadian coins can be a fantastic option. Not only do they offer historical significance, but you can often find them at better prices compared to some US coins. Take, for instance, the scarce 1925 Canada Cent. This coin is a sought-after piece for collectors, and its value Continue reading
Canadians May Be Eligible for Compensation in Class-Action Lawsuit Against Gaming and Tech Giants
A potential Canada-wide class-action lawsuit is brewing against some of the biggest names in gaming and technology, including Google, Microsoft, and Electronic Arts. The lawsuit, spearheaded by the Consumer Law Group (CLG), alleges that these companies created and marketed games that caused harmful video game addiction, leading to significant physical, psychological, and financial damage among Continue reading
Ontario Seniors Dental Care Program 2024: Key Dates, Coverage Amounts, and Eligibility Requirements
The Ontario Seniors Dental Care Program (OSDCP) provides low-income seniors with access to essential dental services. Designed to enhance health and quality of life for Ontario residents aged 65 and older, the program offers free or low-cost dental care to eligible individuals. What Services Does the OSDCP Cover? The OSDCP covers 100% of the costs Continue reading