Kathy Hilton

If you are eligible for the Canada Child Benefit (CCB), December is a crucial month to keep track of your payments. The Canada Revenue Agency (CRA) has scheduled direct deposits for December 13, 2024, while cheques will arrive by mail on December 20, 2024, despite ongoing labour disruptions at Canada Post. This early issuance has Continue reading

Canada’s investment industry regulator, the Canadian Investment Regulatory Organization (CIRO), has imposed severe sanctions on B.C. mutual fund dealer Lorne Stuart Allison after he diverted millions of dollars from retirees’ accounts to make unauthorized investments. In addition to a lifetime ban from conducting securities-related business, Allison has been fined $50,000 and ordered to disgorge $19,846 Continue reading

In the final interest rate announcement of 2024, the Bank of Canada reduced its benchmark rate by 50 basis points (bps), bringing it down to 3.25%. This rate cut, which follows a similar reduction in October, is being made amidst a slight uptick in inflation. The Bank’s decision marks its fifth consecutive rate cut, signaling Continue reading

Overview of the Proposed Tax Levy Increase Owen Sound’s city council has reviewed its draft operating budget, which includes a proposed 2.65% increase in the tax levy. While the draft budget remains close to the initial proposal, several changes were made during the council meeting held on Monday. These adjustments, including additional funding and contract Continue reading

To enhance the standard of living for workers, the Canadian government has set new hourly wage rates for residents. As part of the 2024 adjustments, beneficiaries are expected to see a pay increase aligned with the new hourly wage standards. This change aims to support workers by improving their hourly earnings. Canada Hourly Wage Increase Continue reading