If You’ve Been Feeling the Pinch at the Checkout, There’s Some Good News Coming Your Way This holiday season, the federal government is giving Canadians an early gift by offering significant tax relief. On Thursday, …
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Author: Emily Houston
3 Common CRA Red Flags for Large TFSA Balances: Mistakes to Watch Out For
The Tax-Free Savings Account (TFSA) offers Canadian residents a chance to grow their savings tax-free, making it an incredibly attractive option for long-term investing. However, while there are numerous benefits, there are also specific rules …
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New 2024 Living Wage Rates Across All 25 Regions in BC
The Canadian Centre for Policy Alternatives (CCPA) has released the 2024 living wage rates for British Columbia, revealing that the cost of living has increased throughout the province. The report highlights the challenges that many …
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Maximize Your Savings Top 3 CRA Benefits to Claim in 2024
With December right around the corner, it’s the perfect time to start preparing for your 2024 tax return. While taxes aren’t due until April 2025, Canadians should begin tracking eligible expenses and benefits that can …
Continue reading$1,200 + $1,200 Extra OAS Deposit for Seniors: Eligibility & Payment Dates
As of 2024, Canadian seniors may see a significant increase in their Old Age Security (OAS) payments due to additional government support. This extra deposit is part of the government’s ongoing efforts to provide financial …
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Canada to Invest Billions in Expanding Domestic AI Compute Infrastructure
Compute is the backbone of artificial intelligence (AI). It powers the vast data processing and complex algorithms that drive AI advancements. In Canada, the need for cutting-edge AI infrastructure is critical to maintaining its leadership …
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4 New Pathways to Permanent Residency in Canada Set to Launch in 2025
Canada is preparing to introduce four new permanent residency (PR) pathways in 2025, despite the reduction in annual immigration targets. These programs, designed to address labor shortages, promote linguistic diversity, and meet the caregiving and …
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Toronto Housing Market Sees Turning Point After October Rate Cut, Experts Say
the Greater Toronto Area (GTA) experienced a significant jump in home sales, continuing a trend seen across major cities like Vancouver. According to the Toronto Regional Real Estate Board (TRREB), 5,875 homes were sold in …
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The CRA Is Monitoring TFSA Holders: Key Red Flags to Watch Out For
Navigating the Canada Revenue Agency’s (CRA) guidelines for Tax-Free Savings Accounts (TFSAs) can feel like tiptoeing through a minefield. But fear not! With a bit of savvy investing and awareness of potential pitfalls, you can …
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Latest IRCC Processing Times for December 2024
As Canada remains one of the most popular immigration destinations worldwide, understanding the current processing times for immigration applications is essential for anyone looking to move. Whether you’re applying for Canadian citizenship, renewing your Permanent …
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