Canadian savers are now aware of the additional room they’ll have in their Tax-Free Savings Accounts (TFSA) for the upcoming year. The Canada Revenue Agency (CRA) has confirmed that the TFSA contribution limit for 2025 …
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Author: Emily Houston
Quebec’s 2025 Income Tax Brackets Revealed — See What You’ll Pay Next Year
The 2024 tax season may be months away, but it’s never too early to start planning for your 2025 earnings. Revenu Québec and the Canada Revenue Agency (CRA) have recently announced the income tax brackets …
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Average TFSA Balance for Canadians at Age 64
Did you know that the average Tax-Free Savings Account (TFSA) balance for Canadians aged 64 is around $150,000? This figure comes from a 2023 study by the Canadian Institute of Chartered Accountants (CICA). While $150,000 …
Continue readingVerizon Class-Action Settlement Update 2024: Payouts, Details, and What You Need to Know
In 2024, Verizon Wireless resolved a class-action lawsuit with a $100 million settlement. The lawsuit accused Verizon of deceptive advertising practices, specifically for failing to disclose additional fees—such as administrative charges—that made the actual costs …
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2025 CRA Updates: New Tax Brackets, CPP, RRSP, and TFSA Contribution Limits
Each year, most income tax and benefit amounts in Canada are indexed to inflation. For 2025, the Canada Revenue Agency (CRA) has announced an inflation adjustment factor of 2.7%. This is a significant decrease compared …
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Canada to Boost GST/HST Credit in 2025 — Find Out How Much You Could Receive
Good news, Canada! The GST/HST Credit is getting a boost in 2025, providing more cash in your pocket to help offset rising costs. If you rely on this important government payment to assist with day-to-day …
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Calgary Housing Prices Projected to Rise by the End of 2025
Calgary’s real estate market is expected to see continued price growth in 2025, with a forecasted increase of 4% in the aggregated home price, reaching $728,104 by the fourth quarter of the year, up from …
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Canada Grocery Rebate 2025: Everything You Need to Know
The rising cost of living has made managing household expenses a pressing concern for many Canadians. To provide relief, the Government of Canada has introduced the Canada Grocery Rebate 2025. This initiative aims to ease …
Continue readingCanada Veteran Disability Benefits 2024: Eligibility, Payment Amounts, & Application Process
Canada’s Veteran Disability Benefits program is designed to provide financial support to veterans who have experienced injury or illness as a result of their service in the Canadian Armed Forces. These benefits help veterans cope …
Continue readingNext GST Payment 2024-2025: Amount, Payment Dates, and Eligibility
The Goods and Services Tax (GST) credit is a tax-free quarterly benefit provided to low- and middle-income Canadians to offset the GST/HST they pay on goods and services. The GST credit plays a vital role …
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