Finance

The Canadian housing market has always been a dynamic landscape, and in 2025, homeowners and prospective buyers are grappling with a fresh wave of rising fixed mortgage rates. This shift, driven by a mix of economic pressures and global influences, has sparked widespread discussion about affordability and financial planning. Drawing from insights in a recent Continue reading

The Canada Revenue Agency (CRA) offers a range of free grants and benefits to support Canadians across various life stages and financial situations. These programs are designed to provide financial assistance without any repayment obligations. Below is a comprehensive guide to the major benefits available in 2025, including eligibility criteria, application procedures, and payment schedules. Continue reading

In early 2025, a viral claim began circulating on social media and through various online platforms, stating that the Canada Revenue Agency (CRA) would be issuing a $928 one-time payment to eligible Canadians. The claim suggests this payment would be non-taxable, automatic, and based on 2024 income. Many posts assert that individuals earning less than Continue reading

In welcome news for Canadian retirees, significant updates to the country’s key senior support programs — Old Age Security (OAS), Guaranteed Income Supplement (GIS), and the Canada Pension Plan (CPP) — have officially been rolled out for May 2025. These adjustments aim to provide stronger financial protection against rising living costs and inflation, ensuring that Continue reading

As summer approaches, many Canadians are set to receive a fresh round of financial support from the Canada Revenue Agency (CRA). Whether you’re a parent, senior, low-income resident, or person with a disability, June 2025 brings several important benefit payments that can help offset the rising cost of living. In this comprehensive guide, we’ll break Continue reading

In a move to support Canadians amid rising living costs, the federal government has introduced the $250 Working Canadian Rebate, set to be distributed in early spring 2025. This one-time, tax-free payment aims to provide financial relief to eligible working individuals and families across the country. What is the $250 Working Canadian Rebate? The $250 Continue reading

Starting July 2025, the Canada Child Benefit (CCB) will see a 2.7% increase, providing additional financial support to families raising children under 18. This adjustment aligns with the federal government’s annual indexation to the Consumer Price Index (CPI), ensuring that the benefit keeps pace with inflation. Updated Canada Child Benefit Amounts for 2025–2026 For the Continue reading

As of now, there is no officially confirmed “Extra GST/HST Payment” scheduled for 2025. The Canada Revenue Agency (CRA) continues to provide the regular GST/HST credit, a tax-free quarterly payment designed to assist individuals and families with low and modest incomes in offsetting the GST or HST they pay. Here’s everything you need to know Continue reading

If you’re a senior living in Ontario, your GAINS Ontario May 2025 payment may offer a much-needed financial boost. The Guaranteed Annual Income System (GAINS) is a provincial benefit designed to top up the federal Old Age Security (OAS) and Guaranteed Income Supplement (GIS) for low-income seniors. In this detailed guide, we cover everything you Continue reading