Canadian retirees are buzzing with questions about the \$1,360 Canada Pension Plan (CPP) direct deposit scheduled for August 27, 2025. Unlike the regular monthly pension, this specific amount is linked to cost-of-living adjustments (COLA) and retroactive corrections carried out by the Canada Revenue Agency (CRA) and Service Canada. For many seniors, the appearance of a … Read more
Families across Canada are about to see welcome relief as the federal government prepares to roll out a \$1,800 Canada Child Benefit (CCB) bonus in October 2025. With inflation continuing to push up the cost of groceries, housing, and childcare, the Canada Revenue Agency (CRA) has confirmed that this one-time top-up will reach households already … Read more
In recent months, many Canadians have come across viral posts and forwarded messages claiming that the Canada Revenue Agency (CRA) will be issuing a \$3,900 monthly payment in 2025. The rumour has caused both excitement and confusion, especially among families already struggling with the rising cost of living. But is it true? The short answer … Read more
As the cost of living continues to climb across Canada, seniors are searching for ways to maximize their retirement income. In 2025, eligible retirees may be able to collect more than \$3,300 per month by combining three key federal programs—the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). This … Read more
As 2025 unfolds, Canadian households grappling with higher grocery bills, heating costs, and rising energy expenses are set to see some relief. The federal government has confirmed an enhanced Canada Carbon Rebate, formerly known as the Climate Action Incentive Payment (CAIP). This upgraded program not only provides larger quarterly payments but also simplifies how Canadians … Read more
As Canadian households continue to navigate the high costs of groceries, rent, and fuel, the federal government is stepping in with expanded support for workers. Beginning July 2025, the Canada Workers Benefit (CWB) is being boosted with higher payment amounts, inflation-adjusted income thresholds, and specific provincial enhancements. For many low- and modest-income workers, this program … Read more
High food costs are straining household budgets across Canada. In response, the Canada Revenue Agency (CRA) has announced a one‑time, tax‑free grocery rebate of up to \$234, available in August 2025 for eligible households struggling with inflation. Let’s explore how this rebate works, who qualifies, what amounts you might receive, and when to expect your … Read more
Rising living costs are squeezing many retirees, but a powerful financial trio—Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS)—can combine to deliver more than \$3,000 per month for those who qualify. With strategic planning, this layered support could significantly ease financial strain in retirement. The CPP: Your Contributions Earn … Read more
Starting August 1, 2025, Canada has officially increased the federal minimum wage to \$17.75 per hour**, reflecting a 2.4% hike from 2024. While this adjustment directly affects employees in federally regulated sectors—like banking, telecom, postal services, and transportation—it also sets a standard for provinces to reassess their wage structures. But there’s more to the story … Read more
Caring for a loved one with physical or mental challenges is a noble, yet often financially demanding, role.** Recognizing this, the Canadian government offers the Canada Caregiver Credit (CCC)—a non-refundable tax credit that can significantly reduce your federal tax bill when supporting a dependent with impairments. As we enter 2025, many caregivers still leave this … Read more