With rising costs in groceries, housing, and other essentials, Canadians can look forward to a series of federal benefits and rebates designed to ease financial stress in 2025. Here’s a detailed breakdown of the programs and when you can expect to receive them. 1. Canadian Pension Plan (CPP) Payment Dates: January 29, February 26The CPP Continue reading
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Trudeau Holiday Tax Break Sparks Debate Over Grocery Taxes in Canada
Prime Minister Justin Trudeau’s recent announcement of a temporary GST/HST holiday tax break has stirred significant public reaction. Social media users and experts have raised concerns, prompting clarification on the nature of grocery taxation in Canada and the potential consequences of the proposed measure. The Holiday Tax Break: What’s Included? Starting December 14, 2024, Canadians Continue reading
GST Holiday: CFIB Warns GST Holiday Could Create “Chaos” for Small Businesses
As Canada’s temporary GST holiday nears, retailers are facing a rush of complications and confusion. Set to begin this Saturday, the new measure will remove the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) from dozens of items, including groceries, alcoholic beverages, and children’s clothing. While the initiative promises a savings of approximately Continue reading
GST Free Holiday Starts on this Weekend: What Need to Know About Upcoming Tax Break and Its Impact
The GST-free holiday, set to begin this weekend, is causing confusion among Calgary retailers and could come at a significant cost. Starting this Saturday, the temporary tax break will remove the five percent GST from a wide range of items, including food, beverages, clothing, diapers, and toys for children under 14 years old. While this Continue reading
Ontario Trillium Benefit Arriving Tomorrow: What to Expect and How the Canada Post Strike May Delay Your Mail
Relief Amid Rising Costs: What the Ontario Trillium Benefit Offers With the next round of Ontario Trillium Benefit (OTB) payments scheduled for December 10, eligible Ontarians can look forward to some financial relief. This benefit, first introduced in 2011, combines three provincial tax credits into one payment to address the rising cost of living, energy Continue reading
Nissan Data Breach Settlement: What You Need to Know and How to Claim Your Share
Settlement Overview: CAD $1.82 Million Fund for Class Members In the wake of a 2017 data breach, Nissan Canada Inc., Nissan Canada Financial Services Inc., and Nissan North America, Inc. faced class action lawsuits in Ontario and Quebec. These suits allege that an anonymous attacker demanded a ransom after claiming possession of customer data. Although Continue reading
Ontario Trillium Benefit Payment Arriving December 10 — How Canada Post Strike Could Impact your Payment
The Ontario Trillium Benefit (OTB) is a crucial financial aid program designed to assist Ontario residents with energy costs, sales tax, and property tax. As the next payment date approaches on December 10, it’s essential to understand how much you can expect, eligibility criteria, and the potential impact of the ongoing Canada Post strike. What Continue reading
What happens if you file taxes late but don’t owe CRA?
Filing taxes is a legal obligation for Canadian residents, but sometimes individuals, businesses, or trusts neglect to file their tax returns. In these cases, they are classified as non-filers. If you’re wondering what happens if you don’t file taxes in Canada, and what being a non-filer means, this detailed guide explains the process, penalties, and Continue reading
ICBC 2024 Rebate Explained: Who’s Eligible and How to Claim
British Columbia’s Insurance Corporation (ICBC) is offering a one-time $110 rebate to eligible insurance customers in 2024. This rebate comes as ICBC ends its fiscal year in a strong financial position, bolstered by better-than-expected investment returns and improved capital reserves. Here’s everything you need to know about the rebate, eligibility, and how to ensure you Continue reading
Big Tax Breaks Coming for British Columbians: How to Maximize Your Savings over Holiday Season
British Columbians can look forward to several tax relief measures announced by federal and provincial governments. From a GST winter holiday to provincial tax cuts, these initiatives aim to ease the financial burden for many households. Here’s a breakdown of what’s coming, who qualifies, and how it impacts you. 1. GST Winter Break: Save on Continue reading