Finance

As the cost of living continues to impact households across Canada, CRA federal june benefit payments 2025 are a lifeline for millions of families, seniors, and low-income individuals. These payments—delivered through the Canada Revenue Agency—help cover everything from groceries to housing and child care. Here’s a complete breakdown of what to expect in June 2025, Continue reading

Top officials at the Canada Revenue Agency (CRA) have announced a major round of job cuts that will affect the agency’s ability to deliver services effectively. Commissioner Bob Hamilton and Deputy Commissioner Jean-François Fortin communicated to staff that as many as 280 employees will lose their jobs as part of a broader effort to reduce Continue reading

What Is Canada’s $300 CRA Payment in May 2025? Canada’s $300 CRA Payment in May 2025 refers to an advance installment of the Canada Workers Benefit (CWB), a refundable tax credit for low-income individuals and families who are actively employed or self-employed. This payment is issued by the Canada Revenue Agency (CRA) as part of Continue reading

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