Finance

In a continued effort to support Canadians facing high inflation and rising living expenses, the federal government is providing an increase GST payment in 2025 to eligible low- and modest-income individuals and families. This additional tax-free payment comes on top of the regular Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit distributed quarterly by the Continue reading

Canadian consumers who purchased packaged bread over the past two decades may soon be compensated as part of a massive $500 million class-action settlement linked to a bread price-fixing scheme involving several major grocery retailers. The class action accuses multiple grocery chains, including Loblaw Companies Ltd., George Weston Ltd., Metro, Sobeys, and Walmart, of conspiring Continue reading

Over the past week, the USD/CAD currency pair has declined nearly 1.5%, reflecting a broader trend of Canadian dollar strength. This movement has been fueled by rising expectations around the Bank of Canada’s (BoC) next interest rate decision and continued weakness in the U.S. dollar. With inflation in Canada showing signs of a rebound and Continue reading

In a major legal development, Credit One Bank is preparing to settle a high-profile class action lawsuit in 2025. The lawsuit stems from widespread allegations by thousands of customers who claim they were charged unjustified fees and misled about the terms of their credit products. If you were affected, you may be eligible for a Continue reading

Seniors across Canada who rely on the Old Age Security (OAS) program can expect a small but welcome OAS increase in 2025, beginning this summer. The Government of Canada has officially announced that OAS benefits will rise by 1.0% for the July to September 2025 quarter, offering modest relief as the cost of living continues Continue reading

USD/CAD has staged a modest recovery, bouncing from just above the monthly low of 1.3751. However, the pair remains under pressure below its 50-day Simple Moving Average (currently around 1.4033), suggesting that bearish sentiment still lingers in the market. This technical setup reflects the broader tug-of-war between U.S. fiscal policy developments and Canada’s evolving inflation Continue reading

Starting in July 2025, millions of Canadians will see more money in their pockets thanks to an increase in the GST/HST Credit amount 2025. The Canada Revenue Agency (CRA) has confirmed a 2.7% increase in the quarterly benefit, aimed at helping low- and modest-income individuals and families cope with rising living costs. This automatic tax-free Continue reading

The CRA one-time payment 2025 is a welcome relief for many Canadians feeling the ongoing pinch of rising costs. This spring, the Canada Revenue Agency (CRA) will issue a one-time $250 payment to eligible individuals as part of the federal government’s broader efforts to support low- and modest-income Canadians. In this detailed article, we’ll explain Continue reading

In a rare move, Canadian seniors, veterans, and individuals with disabilities received an early financial boost this May as the federal government advanced Canada Pension Plan (CPP) and Old Age Security (OAS) payments to May 20, 2025, instead of the originally scheduled May 28. This unexpected change came as a proactive step to avoid disruptions Continue reading

If you’re receiving the Ontario Trillium Benefit (OTB) or plan to apply in 2025, staying on top of the Trillium payment dates is essential. This tax-free monthly benefit is designed to help with energy costs, sales tax, and property tax, and knowing when you’ll receive it can help with budgeting and financial planning. Here’s a Continue reading