Southern Ontario Smart Computing Innovation Platform (SOSCIP)

The Guaranteed Income Supplement (GIS) is a vital financial support program designed to help low-income seniors in Canada. This benefit is an addition to the Old Age Security (OAS) pension, providing extra income to those who need it most. Here’s a comprehensive guide to understanding what the GIS is, who is eligible, and how you Continue reading

The Canada Disability Benefit is a significant new initiative introduced by the federal government to provide financial support to Canadians living with disabilities. In 2024, this benefit aims to reduce poverty and improve the quality of life for disabled individuals across the country. Here’s an overview of what the Canada Disability Benefit entails, who is Continue reading

Passive income is a powerful way to grow your wealth without the need for active, day-to-day management. For Canadians looking to build a steady stream of income, there are several investment options that can provide reliable returns with minimal effort. Here are the top three best passive income investments for Canadians in 2024. 1. Dividend-Paying Continue reading

The Tax-Free Savings Account (TFSA) is one of the most popular and flexible investment vehicles available to Canadians. Each year, the Canadian government sets a contribution limit, allowing individuals to save and invest money tax-free. For 2024, the TFSA contribution limit has been announced, and it’s essential to understand how much you can save and Continue reading

Canada’s pension plan, managed by CPP Investments (CPPIB), could be investing significantly more in domestic infrastructure such as housing and transportation. However, current figures show that while 42% of the fund’s value is invested in the U.S., less than 12% is invested in Canada. The Shift in Investment Focus Back in 2007, 55% of the Continue reading

CIBC Innovation Banking has recently announced a $4.5 million CAD investment in Wisedocs. This Canadian InsurTech company specializes in AI-powered software that streamlines the medical claims review process for the insurance industry. How Wisedocs Works Wisedocs’ AI platform efficiently summarizes complex medical records, allowing for faster and more cost-effective claim evaluations. This technology is designed Continue reading