The Canada Pension Plan (CPP) remains a cornerstone of retirement income for millions of Canadians, providing monthly payments to individuals who have contributed during their working years. Here’s the latest on the 2025 CPP payment schedule, benefit increases, and ways to maximize your payouts. CPP Payment Schedule for 2025 The Canada Pension Plan payments are Continue reading
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2025 Rate Cuts: What’s Next for the Bank of Canada and the Economy
Interest rates were the central theme of 2024, and as we step into 2025, the Bank of Canada (BoC) is signaling a shift toward a more measured approach. After cutting the policy rate by a substantial 175 basis points throughout 2024, including two consecutive 50-basis-point cuts in October and December, the BoC has set the Continue reading
CPP Maximum Pensionable Earnings 2025: Key Updates You Need to Know
The Canada Revenue Agency (CRA) has released the updated contribution limits for the Canada Pension Plan (CPP) in 2025. These adjustments are part of ongoing efforts to enhance the CPP, ensuring Canadians have access to more robust retirement income. Here’s a detailed breakdown of what’s changing and how it can impact your retirement planning. New Continue reading
Major Updates for CPP, OAS, GIS, RRSP, and Pensions in January 2025: What You Need to Know
As we approach 2025, significant changes are set to take place in Canada’s key retirement income programs, including the Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), Registered Retirement Savings Plans (RRSP), and pensions. These updates are designed to help retirees keep pace with rising living costs and ensure greater financial Continue reading
$628 Grocery Rebate 2025: Is Canada Bringing Back This Inflation Relief? Everything You Need to Know!
As food prices continue to soar, Canadians are eagerly seeking updates on government measures to address the rising cost of living. One question on everyone’s mind: Will the $628 grocery rebate make a comeback in 2025? Here’s a detailed look at what the grocery rebate is, its past impact, and whether Canadians can anticipate similar Continue reading
Canada Border Agency Introduces Facial Recognition App to Monitor Migrants
The Canada Border Services Agency (CBSA) has introduced ReportIn, a facial recognition app designed to track permanent residents, foreign nationals, and refugee claimants required to report to immigration authorities. Launched on November 13, the app aims to modernize the reporting process, replacing in-person visits with a digital alternative. While marketed as a tool of convenience, Continue reading
Canada Launches $4 Million App to Track Migrants: Convenience or Surveillance?
The Canada Border Services Agency (CBSA) has introduced ReportIn, a cutting-edge mobile app designed to track individuals subject to immigration enforcement conditions, including permanent residents, foreign nationals, and refugee claimants. Launched on November 13, the app aims to replace traditional reporting methods with a more convenient, tech-driven solution. However, privacy advocates are raising concerns about Continue reading
Home Accessibility Tax Credit 2025: Eligibility, Amount & How to Claim
The Home Accessibility Tax Credit (HATC) is a non-refundable federal tax credit designed to assist Canadians with the costs of making their homes more accessible. Whether you’re planning renovations for safety or mobility, this guide will help you understand eligibility criteria, claimable expenses, and how to make the most of this program. Who is Eligible Continue reading
Canada Carbon Rebate: January 2025 Payment Date and Full Quarterly Schedule
The Canada Carbon Rebate (CCR) program provides much-needed financial relief to Canadians affected by carbon pricing. Delivered quarterly, this tax-free rebate offsets federal fuel charges, helping families manage rising energy costs. Here’s everything you need to know about the CCR payment schedule, eligibility criteria, and rebate amounts for 2025. What is the Canada Carbon Rebate? Continue reading
Do Retired People Get the $250 Inflation Rebate in Canada in 2025?
The federal government’s announcement of a $250 inflation rebate has sparked a wave of frustration among Canadian seniors and vulnerable groups who are excluded from the program. While marketed as a lifeline for “hardworking Canadians,” the measure leaves retirees, those on fixed incomes, and people with disabilities out in the cold, reigniting debates about fairness Continue reading