The GST/HST Credit helps low to moderate-income households in Canada by providing tax-free quarterly payments. These payments are designed to offset the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) paid on various goods and services. Thanks to the GST/HST credit, eligible taxpayers can get a portion of the taxes they’ve paid Continue reading
Kathy Hilton
What Is the GST Tax Credit in Canada, and When Will the Next Payment Be Made?
The Goods and Services Tax (GST) credit is a valuable benefit for low to moderate-income families in Canada. Designed to offset the taxes paid on everyday goods and services, it offers much-needed relief for individuals struggling with high sales taxes. This article will help you understand how the GST credit works, who qualifies, and when Continue reading
Canada Post Resumes Mail Delivery: Everything You Need to Know
Canada Post has officially resumed operations after a month-long strike, bringing relief to millions of Canadians awaiting mail and parcels. The strike, which began on November 15, 2024, left negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) at a standstill, prompting government intervention. Federal Government Steps In Amid Negotiation Impasse Labour Continue reading
Canada Post Strike to End Tuesday as Workers Mandated to Return
The month-long Canada Post strike is officially set to conclude on Tuesday, December 17, 2024, following an order from the Canada Industrial Relations Board (CIRB) mandating postal workers to return to work. The announcement was made by Canada Post on Sunday night, bringing an end to a labor dispute that has disrupted mail services across Continue reading
How Rising Inflation Impacts CPP and OAS Benefits: What You Need to Know
Indexing Canada Pension Plan (CPP) payments to inflation is vital to help Canadians manage rising costs. Read on to explore the relationship between the inflation rate, Old Age Security (OAS), and CPP, and how these changes impact retirees and future savings. Inflation Rate vs. OAS and CPP Inflation rates have been unpredictable, especially in the Continue reading
“CPP, RRSP, TFSA, FHSA, AMT, and OAS Updates: Key Changes Announced by the CRA”
Canada is widely recognized for its balanced economic policies, but like many other countries, it faces challenges such as inflation and slowing GDP growth. In response to these global economic pressures, Canada has introduced several changes to its financial and retirement programs for 2024. These updates aim to provide additional support to Canadians, especially those Continue reading
Ontario to Invest $17M to Increase Long-Term Care Home Staffing
Ontario has announced a significant investment of nearly $17 million to train 700 new personal support workers (PSWs) and nurses for long-term care (LTC) employment by 2025. This initiative builds on the success of existing programs that have already supported thousands of students and upskilled staff. Building on Proven Success The new investment aligns with Continue reading
Lower Rates Fuel Canada’s Housing Market Surge This Fall
Canada’s housing market saw renewed action this fall as temperatures cooled, thanks to a series of interest rate cuts by the Bank of Canada since June. Home resales surged nearly 10% nationwide over October and November, signaling a stronger recovery after a slow two-year period. By late 2023, activity returned to levels last seen in Continue reading
Chances of a White Christmas in Southern Ontario This Year
Last year’s holiday season in Southern Ontario left snow lovers disappointed, with unseasonably warm weather putting a damper on hopes for a white Christmas. However, winter 2024-2025 is shaping up to be colder and snowier overall, giving the region a fighting chance to look like a winter wonderland come December 25. Mixed Long-Range Forecasts for Continue reading
Costco Announces Major Store Change for Next Month, Sparking Shopper Frustration
If you’re an avid reader and a frequent Costco shopper, your trips to the warehouse club are about to change. Starting in January 2025, Costco will no longer sell books year-round in most of its stores, which means the beloved Costco book table may become a thing of the past, depending on when you shop. Continue reading