Category: Blog

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …