As a new wave of federal payments begins rolling out this month, low-income workers across …
Continue reading
New Benefit Provides Canadian Students with an Additional $150 Monthly
As of January 1, 2025, thousands of Canadian students can benefit from a new financial aid program designed to provide extra monthly cash. This initiative, announced by Minister of Seniors Joanne Thompson, is aimed at …
Continue reading
New Tax Changes in Canada for 2025
As Canadians prepare to welcome 2025, navigating the cost of living and financial planning for the new year remains a priority for many. Several tax-related changes will take effect in early 2025, impacting how people …
Continue reading
Canadian Dollar Slips Lower Against the U.S. Dollar
The US dollar remains poised for potential gains as traders anticipate the release of December’s nonfarm payroll (NFP) data. In a relatively quiet pre-NFP trading session, the USD is idling but could find renewed strength …
Continue reading
Canadian Dollar Outlook USD/CAD Trends Amid Trump, Trudeau, Tiff, and Tariffs
The U.S. Dollar surged to a fresh two-year high this week, but the USD/CAD pair has held steady below last week’s lower-high. Despite bullish momentum, buyers have avoided testing the 1.4500 level in USD/CAD. Several …
Continue reading
January 2025 $928 Payment for Low-Income Canadians Eligibility and Payment Dates
In January 2025, low-income Canadians can expect a $928 payment, providing much-needed financial relief amid rising living costs. This government initiative aims to support individuals and families struggling to meet essential expenses. Whether you’re a …
Continue reading
Turn $30,000 into a Cash-Generating Powerhouse in Your TFSA
Turning your Tax-Free Savings Account (TFSA) into a powerful tool for wealth-building is an exciting challenge for Canadian investors. With $30,000 to invest, you can create a diversified portfolio that grows and generates consistent income. …
Continue readingCRA Announces TFSA Contribution Limit for 2025
Canadian savers are now aware of the additional room they’ll have in their Tax-Free Savings Accounts (TFSA) for the upcoming year. The Canada Revenue Agency (CRA) has confirmed that the TFSA contribution limit for 2025 …
Continue reading
Quebec’s 2025 Income Tax Brackets Revealed — See What You’ll Pay Next Year
The 2024 tax season may be months away, but it’s never too early to start planning for your 2025 earnings. Revenu Québec and the Canada Revenue Agency (CRA) have recently announced the income tax brackets …
Continue reading
Average TFSA Balance for Canadians at Age 64
Did you know that the average Tax-Free Savings Account (TFSA) balance for Canadians aged 64 is around $150,000? This figure comes from a 2023 study by the Canadian Institute of Chartered Accountants (CICA). While $150,000 …
Continue readingVerizon Class-Action Settlement Update 2024: Payouts, Details, and What You Need to Know
In 2024, Verizon Wireless resolved a class-action lawsuit with a $100 million settlement. The lawsuit accused Verizon of deceptive advertising practices, specifically for failing to disclose additional fees—such as administrative charges—that made the actual costs …
Continue reading