Finance

Canadians are about to see a noticeable bump in their take-home pay beginning July 1, 2025, thanks to a new federal tax cut aimed squarely at the middle class. The Government of Canada, under newly sworn-in Prime Minister Mark Carney, has officially announced a reduction in the lowest personal income tax rate from 15% to Continue reading

Understanding the $95M Apple Siri Settlement and What It Means for Device Owners Apple Inc. has agreed to a $95 million class action settlement to resolve allegations that its Siri digital assistant unintentionally recorded private conversations and may have shared them with third parties. This settlement stems from a class action lawsuit filed in 2019, Continue reading

Social Security Administration Announces Third Round of May Payments Some Social Security recipients can expect to receive a check of nearly $2,000 on Wednesday, May 14, as part of the monthly distribution schedule by the Social Security Administration (SSA). This will mark the third round of payments for May 2025 and applies to a specific Continue reading

After more than a decade of legal battles, millions of Blue Cross Blue Shield subscribers are finally set to receive payouts from a $2.67 billion settlement. The long-awaited disbursement follows the resolution of a 2013 antitrust class-action lawsuit that accused BCBS of unfairly restricting competition across its nationwide network of independent insurers. Here’s everything you Continue reading

The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a valuable non-taxable benefit provided by the Government of Canada to help individuals and families with low or modest incomes offset the GST or HST they pay on purchases. If you’re eligible, it’s important to be aware of when your payments will arrive in 2025, Continue reading

The Canada Housing Benefit (CHB) remains an essential program in 2025, continuing its mission to help low-income renters afford safe and stable housing. This initiative, part of Canada’s National Housing Strategy, is jointly funded by the federal and provincial or territorial governments. Despite online rumors and misinformation, the Canada Housing Benefit is still active, but Continue reading

The Canada Pension Plan (CPP) is set for notable changes in May 2025, including a cost-of-living adjustment (COLA) and enhancements affecting higher-income earners. These updates aim to bolster retirement income and ensure the CPP’s sustainability. CPP Increase May 2025: Cost-of-Living Adjustment Effective May 2025, CPP benefits will see a 2.7% increase to align with inflation. Continue reading

If you live in Ontario, a helpful financial boost may be on its way to your bank account. The Ontario Trillium Benefit (OTB) for May 2025 is being deposited this Friday, May 9, offering much-needed support to eligible residents coping with rising living expenses. Typically, the OTB is issued on the 10th of every month, Continue reading

What is the Ontario Trillium Benefit (OTB)? The Ontario Trillium Benefit (OTB) is a monthly, tax-free payment created to help Ontario residents offset essential living costs, like energy bills, property taxes, and sales tax on necessities. The benefit combines three different credits into one simplified deposit: Although the OTB is funded by the Government of Continue reading

Microbial Contamination Prompts Nationwide Recall of High-End Day Cream Health Canada has issued a recall for a widely used anti-aging face cream due to concerns over microbial contamination. The affected product, Watier Age Control Supreme Sublime Advanced Rich Day Cream, is sold at major retailers including Shoppers Drug Mart, Sephora, and Amazon Canada. The luxury Continue reading