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As we approach 2025, several updates to pension contribution rates, thresholds, and calculations are set to take effect. This detailed guide provides crucial information for employers, departments, and employees to navigate the changes seamlessly. By understanding the specifics outlined below, employers can ensure accurate payroll programming and respond confidently to employee inquiries. Overview of Changes Continue reading

Canadian students juggling part-time studies and financial challenges now have a new reason to celebrate. The federal government recently announced a Canada Pension Plan (CPP) benefit designed to provide extra financial support to part-time students aged 18 to 24 whose parents are disabled or deceased. What is the New CPP Benefit for Students? This newly Continue reading

The Canada Dental Benefits (CDB) program is designed to make oral health care more accessible to Canadians, offering financial assistance for a range of dental services. Launched to reduce the financial burden of oral health care, the plan ensures eligible individuals and families receive essential dental treatments without excessive out-of-pocket expenses. Government Benefits Coming in Continue reading

The Old Age Security (OAS) Pension Benefits remain unchanged for the January to March 2025 quarter, following Service Canada’s recent quarterly review. This decision reflects a decrease in the Consumer Price Index (CPI) toward the end of 2024, resulting in no adjustments to benefit amounts. Here’s a detailed breakdown of what recipients can expect, including Continue reading

The Canadian Dental Care Plan (CDCP), launching in 2025, will revolutionize access to dental care for millions of Canadians. With an aim to break down financial barriers and improve oral health, this federally funded initiative is designed for those without private dental insurance. This guide will walk you through how to apply, the eligibility criteria, Continue reading

The 2024 federal budget introduced several important policy changes aimed at supporting Canadian families and children. Among these proposals are modifications to the Canada Child Benefit (CCB), measures to increase access to the Canada Learning Bond (CLB), and other initiatives that will have a significant impact on both individuals and families across the country. Here’s Continue reading

As the cost of living continues to rise, one of the most important considerations for retirees is ensuring that their pensions retain their value. For members of the Public Service Pension Plan, indexation provides a safeguard against inflation by adjusting pensions each year. In 2025, the indexing rate will be 2.7%, based on calculations using Continue reading

Canadian Green Party leader Elizabeth May has suggested a bold and unconventional idea: inviting California, Oregon, and Washington to join Canada as provinces. Her comments were made in response to U.S. President-elect Donald Trump’s ongoing suggestion that Canada should become the 51st U.S. state. May’s Proposal: Universal Healthcare and Stricter Gun Laws Speaking at a Continue reading

Canada has long been admired as a land of opportunity for immigrants from across the globe. However, a recent CBC News poll conducted by Pollara Strategic Insights reveals significant challenges facing newcomers, painting a more complex picture of the immigrant experience in Canada. Overwhelming Concerns About Canada’s Immigration Planning A key finding of the survey Continue reading

The Old Age Security (OAS) pension is a Canadian government program providing monthly payments to eligible seniors. It is designed to support individuals in their retirement years, and payment amounts are regularly reviewed to keep pace with inflation. How Much Will CPP and OAS Increase in 2025? A Comprehensive Guide for Canadian Retirees Top 10 Continue reading