Finance

Amidst soaring inflation and skyrocketing rental prices, many Canadians are facing serious financial hardship—particularly renters living in urban centers. In response to the growing affordability crisis, the federal government is reportedly exploring a $2600 Rent Relief Payment to support low- and moderate-income households struggling to afford their housing costs. Though still unconfirmed, this potential relief Continue reading

The Canada Carbon Rebate (CCR)—formerly known as the Climate Action Incentive Payment—has served as a quarterly, tax-free benefit that helps households offset the cost of Canada’s federal carbon tax. The rebate was part of the government’s broader climate strategy, designed to make life more affordable while pricing pollution. As of April 1, 2025, Prime Minister Continue reading

What Is the Canada Pension Plan (CPP)? The Canada Pension Plan (CPP) is a government-run program designed to provide monthly retirement income to eligible Canadians. Funded through mandatory paycheck deductions during your working years, CPP benefits become accessible once you retire, generally starting at age 60. The amount you receive is based on your past Continue reading

A Complete Guide to Eligibility, Payment Amounts, and Application Steps Welcoming a new child is life-changing—and costly. To support growing families, the Canadian government offers several financial relief programs, including Employment Insurance (EI) maternity and parental benefits and the Canada Child Benefit (CCB). Whether you’re expecting, adopting, or raising young kids, understanding these programs can Continue reading

Quebec Court of Appeal Holds Airline Accountable for Misleading Fare Listings In a major legal victory for consumers, the Quebec Court of Appeal has ruled that Air Canada must pay more than $10 million in damages to passengers in a long-standing class action lawsuit. The case accused the airline of charging customers significantly more than Continue reading

On Tuesday, the Canadian dollar, also known as the loonie, lost ground against its U.S. counterpart as investors reacted to fluctuating financial conditions. The loonie was unchanged on the day but hovered at a weaker level, trading at C$1.3847 against the U.S. dollar. This exchange rate translates to approximately 72.22 U.S. cents. Throughout the trading Continue reading

The 2025 tax season in Canada has been anything but smooth. From duplicate T4 and T4A slips showing up in taxpayer accounts to widespread electronic filing errors, Canadians are facing a wave of complications that are affecting their ability to file accurately and on time. Tax professionals and individuals alike are calling for more clarity Continue reading

For millions of Canadians, timely benefit payments from the Canada Revenue Agency (CRA) are a financial lifeline. Whether you’re a parent counting on the Canada Child Benefit (CCB), a retiree receiving CPP or OAS, or someone relying on the GST/HST credit, knowing when your money is coming is essential for budgeting and peace of mind. Continue reading

As Canadian families increasingly embrace multigenerational living to ease housing pressures and support aging loved ones or adults with disabilities, the federal government is stepping in to help. The Multigenerational Home Renovation Tax Credit (MHRTC) is a new refundable tax credit that can save homeowners up to $7,500 on eligible renovations completed in 2025. What Continue reading