Canada’s real estate market is poised for modest growth over the next five years as economic conditions, interest rate trends, and housing demand interplay to shape the sector. Based on the Canadian Real Estate Association’s (CREA) latest forecast, here’s an in-depth look at the projections and trends expected to influence real estate in Canada from Continue reading
Emma
Maximize Your Retirement: Qualify for Up to $1,072.93 in Guaranteed Income Supplement Benefits
The Guaranteed Income Supplement (GIS) is a lifeline for low-income Canadian seniors, offering up to $1,072.93 per month in 2024. This program works alongside the Old Age Security (OAS) pension to ensure financial stability in retirement. Here’s a comprehensive guide to qualifying for GIS and securing your financial future. 1. Key Eligibility Criteria Age Residency Continue reading
Canada Announces Temporary GST/HST Holiday Exemption and $250 Working Canadians Rebate for 2025
The Canadian government has unveiled a series of measures to alleviate financial pressure on households, providing meaningful tax relief during the winter months and direct support to working Canadians. GST/HST Exemption Starting December 14, 2024 From December 14, 2024, to February 15, 2025, Canadians can enjoy tax-free purchases on a range of essential and everyday Continue reading
How Much does a Surviving Spouse Get from OAS?
When a spouse or common-law partner passes away, understanding the financial implications of Old Age Security (OAS) and Canada Pension Plan (CPP) survivor benefits is essential. Here’s an overview of these programs and what survivors should expect. Old Age Security (OAS) and Survivor Benefits The OAS program does not provide a survivor benefit. If a Continue reading
Does Ontario Works Cover Rent? Everything You Need to Know
Ontario Works (OW) provides financial assistance to eligible individuals and families who need support to meet their basic living expenses. For those who qualify, this assistance can help cover costs such as rent, utilities, and other essentials. Here’s a breakdown of what Ontario Works covers and how payments are calculated. How Ontario Works Payments Are Continue reading
Can You Earn Money While Receiving Ontario Works? A Comprehensive Guide
Ontario Works (OW) is designed to provide financial assistance while helping individuals and families achieve financial independence. If you are receiving Ontario Works and are earning money from employment or self-employment, this guide outlines how your earnings affect your assistance, reporting requirements, and employment resources available. Employment Services: Support to Help You Succeed 1. Personalized Continue reading
8 Canadian Cities Where You Can Buy Luxury Homes for $100K or Less
Believe it or not, there are cities in Canada where you can buy a luxurious home for $100,000 or less. These homes might not compare in size to mansions in Toronto or Vancouver, but they offer unique charm, modern amenities, and exceptional value. While many of these cities are smaller or located in rural areas, Continue reading
Who Needs to File Taxes in Canada? Everything You Need to Know About Filing Obligations
Tax season comes around each year, and while most Canadians complete their income tax returns, not everyone is legally required to do so. However, knowing the rules can save you from penalties or help you access important benefits. Here’s a detailed breakdown of who is required to file a personal income tax return in Canada, Continue reading
How Much is the Widow’s Pension in Canada? A Detailed Guide
Losing a spouse can create emotional and financial challenges. Fortunately, the Canada Pension Plan (CPP) Survivor’s Pension helps alleviate financial stress for eligible spouses or common-law partners of a deceased CPP contributor. Here’s how much you can receive, eligibility criteria, and application steps. Eligibility Criteria You may qualify if: If widowed more than once, only Continue reading
Do You Qualify for AISH or AADL Disability Benefits in Alberta? Your Essential Guide
If you’re living in Alberta and facing challenges due to a permanent injury, medical condition, or disability, you may qualify for financial and healthcare benefits through two key programs: Assured Income for the Severely Handicapped (AISH) and Alberta Aids to Daily Living (AADL). These programs are designed to help individuals with disabilities lead a more Continue reading