The Canadian Dollar (CAD) saw a modest rise of 0.4% against the US Dollar (USD) on Monday, as global markets prepare to wrap up a quiet 2024 trading season. With many investors sidelined due to the holiday season and midweek market closures for New Year’s Day, the Loonie’s recent movement reflects a lack of strong Continue reading
Smart Estate Planning Tips for Child-Free Canadians
Estate planning is often associated with families and children, but for Canadians without children, it’s just as critical. Without heirs, you might think estate planning is less relevant. However, taking control of how your assets are managed and distributed is vital to ensuring your wishes are honored, minimizing legal complications, and creating a meaningful legacy. Continue reading
Competition Bureau Files Lawsuit Against Rogers Over Alleged Misleading Unlimited Data Claims
Canada’s Competition Bureau has taken legal action against Rogers Communications Inc., accusing the telecom giant of deceiving consumers with advertisements for phone plans marketed as offering unlimited data. The Bureau alleges these plans create a “false or misleading impression” about their features, claiming they include data caps and drastically reduced transfer speeds after those caps Continue reading
Centrelink Payments are Coming in 2025: Everything You Need to Know
Navigating the complex world of Centrelink payments can be a daunting task, but understanding the payment types, eligibility criteria, and schedules is essential to securing the financial assistance you’re entitled to. Whether you’re a student, a job seeker, a retiree, or a parent, Centrelink offers vital support to help you manage your finances. In this Continue reading
Increased Passport Costs and Boosted Centrelink Payments 2025: All the January 1 Changes to Watch For
As the calendar flips to 2025, a range of new laws and regulations are coming into effect across Australia. From pay rises for aged care workers to higher passport fees, here’s an in-depth look at the key changes you need to know starting January 1. Aged Care Workers Receive a Pay Boost Workers in the Continue reading
Unexpected $36.29 e-Transfer from MNP? Here’s Why Facebook Might Be Behind It
If you’ve recently received an Interac e-Transfer for $36.29 from MNP, rest assured, it’s not a scam. This payment is part of the settlement for Facebook’s Sponsored Stories class action lawsuit. What Was the Facebook Sponsored Stories Lawsuit About? The lawsuit focused on Facebook allegedly using users’ names and profile pictures in advertisements without their Continue reading
Charities Urge Extension of Federal Tax Credit Deadline to February to Recover Lost Donations
Local charities are urging the federal government to extend the deadline for claiming charitable donations on tax returns to the end of February. This measure, they say, would help mitigate funding losses caused by the Canada Post strike and encourage donors to maintain their giving habits through 2025. The Impact of the Canada Post Strike Continue reading
USD/CAD Struggles Near 1.4400 Amid Rising Crude Oil Prices
The USD/CAD pair has ended its three-day winning streak, trading near 1.4400 during the European trading hours on Monday. This decline comes as the US Dollar (USD) struggles to maintain momentum amid low trading volumes ahead of the New Year holiday. Factors Influencing USD/CAD Movement US Federal Reserve’s Hawkish Stance The markets continue to digest Continue reading
Will Seniors get CPP increase in 2025: What Canadian Workers and Seniors Need to Know
The Canada Pension Plan (CPP) has been undergoing a phased enhancement process since 2019 to provide Canadians with higher retirement income and better financial security. As we approach the final phase of these changes in 2025, it’s essential to understand how these adjustments will impact contributions, benefits, and retirement planning. What is Changing in 2025? Continue reading
Here’s Who Can Receive the Maximum CPP Pension in Canada
The Canada Pension Plan (CPP) is a cornerstone of retirement income for Canadians, but not everyone receives the maximum pension. Achieving the maximum payout requires specific criteria to be met, including earning and contributing consistently at or above the Year’s Maximum Pensionable Earnings (YMPE) for most of your working life. Here’s what you need to Continue reading