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The Canada Pension Plan (CPP) is a cornerstone of retirement income for Canadians, ensuring benefits align with the cost of living. These annual adjustments, based on the Consumer Price Index (CPI), ensure that retirees and other CPP recipients maintain purchasing power in an ever-changing economy. Let’s explore how CPP amounts are calculated, what role the Continue reading

On Monday, Prime Minister Justin Trudeau announced his resignation as leader of Canada’s Liberal Party during a news conference. Although he will remain prime minister until a successor is chosen, Trudeau’s departure marks a significant shift in Canadian politics. The announcement followed mounting pressure from Liberal members of parliament and declining public support. Polls indicate Continue reading

The Canadian Armed Forces (CAF) is facing significant staffing challenges and is exploring retention bonuses as a strategy to prevent skilled personnel from leaving the service. According to an October 2024 briefing prepared for Lt.-Gen. Lise Bourgon, chief of military personnel, these bonuses are one of several measures proposed to support the reconstitution of the Continue reading

One of the standout benefits of having a Public Service Pension Plan (PSPP) pension is the assurance of guaranteed income for the rest of your life. With a defined benefit pension, you can retire with confidence, knowing your income is protected against inflation through an annual Cost of Living Adjustment (COLA). This feature ensures your Continue reading

In 2025, the Province of British Columbia is setting the maximum allowable rent increase at 3%, tied to inflation. This is a reduction from the 2024 cap of 3.5%, offering further financial relief to renters. “Tying the allowable increase to inflation saves renters hundreds of dollars, compared to the previous government’s policy of inflation plus Continue reading

Canadian families relying on the Canada Child Benefit (CCB) program are set to receive higher payments starting this Friday. These increases are tied to inflation, ensuring families can better manage the rising costs of raising children. Here’s everything you need to know about the enhanced benefits for the 2024-2025 benefit year. New PEI Child Benefit: Continue reading

An Oregon-based pet food company, Northwest Naturals, has issued a voluntary recall following a troubling incident involving one of its products. A domestic cat reportedly died after consuming the company’s “2lb Feline Turkey Recipe” raw frozen pet food, which later tested positive for the highly pathogenic avian influenza (HPAI) virus, commonly known as bird flu. Continue reading

The New Year has just begun, and if you’re already daydreaming about your next long weekend, you’re not alone! Canada’s 2025 calendar offers a variety of statutory and federal holidays to help you make the most of your time off. After the hustle of the holidays, there’s no better way to start the year than Continue reading

An Arctic air mass is set to plunge temperatures across Texas and Louisiana, prompting the National Weather Service (NWS) to issue freeze warnings. Residents in these areas are bracing for sub-freezing conditions as Winter Storm Blair intensifies. Here’s what you need to know about the upcoming weather impacts. Why This Matters This winter has seen Continue reading

The Canadian dollar (CAD), also known as the loonie, has seen its value decline compared to the U.S. dollar (USD), trading at around 70 cents USD as of December 31, 2024. While this might seem like a setback for travelers, the good news is that the loonie still stretches far in several popular international destinations. Continue reading