The Reserve Bank of Australia (RBA) has wrapped up 2024 with its final monetary policy decision, announcing that the cash rate will remain unchanged at 4.35% for the ninth consecutive month. This decision, made at the Board’s meeting on Tuesday, keeps the rate at a 12-year high, a level maintained since November 2023 to combat Continue reading
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Hidden Treasures: 6 Rare Canadian Dollar Coins Worth $500k
Canada’s dollar coins have a fascinating history, with many designs that go beyond their face value. While today’s Loonie is a staple of Canadian currency, older coins—especially those crafted in silver—have become valuable collector’s items. Some rare coins even fetch thousands of dollars at auction, making it well worth your time to examine your collection Continue reading
Credit Karma Lawsuit 2024: FTC Issues $2.5 Million in Payments to Victims of Misleading Pre-Approval Claims
The Federal Trade Commission (FTC) has begun distributing 50,994 payments, totaling over $2.5 million, to individuals who filed valid claims in connection with deceptive “pre-approved” credit offers from Credit Karma. This marks the resolution of a settlement addressing claims that Credit Karma misled users, causing them to waste time and suffer potential credit score damage. Continue reading
Smart Strategies to Maximize Your CPP Benefits and Increase Retirement Income
The Canada Pension Plan (CPP) forms a cornerstone of retirement income for Canadians. However, as the CPP Investment Board (CPPIB) emphasizes, the CPP is intended as a foundation, not a full retirement plan. While some Canadians may qualify for maximum CPP benefits, the majority do not. Here’s how you can maximize your CPP benefits and Continue reading
The Hourly Wage You Need to Afford Living Comfortably in Ontario
Despite a recent increase in Ontario’s minimum wage to $17.20 per hour as of October 1, 2024, the rising cost of living continues to leave workers struggling to make ends meet. A new report from the Ontario Living Wage Network reveals that the average living wage—the hourly rate needed to live comfortably and out of Continue reading
Exciting New Permanent Residency Pathways in Canada for 2025
Canada is introducing four new permanent residency pathways in 2025 to address labor shortages and enhance opportunities for immigrants. These pathways aim to cater to economic growth while balancing community resources like housing and healthcare. Here’s a detailed look at these developments: 1. Enhanced Economic Immigration Streams Canada’s focus remains on attracting skilled professionals. While Continue reading
Gold in 2025: 4 Smart Investments to Consider and 4 Pitfalls to Avoid
Gold continues to shine as a reliable hedge against inflation, economic uncertainty, and currency fluctuations. The recent bull market, which saw gold prices climb to a record high of over $2,736 per ounce in late 2024, has drawn significant attention from both seasoned and new investors. With many analysts predicting that gold could surpass the Continue reading
Canada Immigration Fees Rising December 1: Here’s What You Need to Know About the New Costs
Canada Immigration Fees Set to Increase Starting December 1, 2024Immigration, Refugees, and Citizenship Canada (IRCC) has announced fee increases for various temporary resident applications. These adjustments, ranging from 2.80% to 4.69%, will affect individuals applying for restoration of temporary resident status, authorization to return to Canada, or temporary resident permits. Here’s a complete breakdown of Continue reading
Understanding the Average Retirement Income in Canada: Key Insights for a Secure Future
Retirement income in Canada varies significantly based on factors such as savings, investments, government benefits, and pensions. While the government provides foundational support through the Canada Pension Plan (CPP) and Old Age Security (OAS), the total income retirees receive depends on their financial planning and lifestyle choices. Here’s a detailed breakdown of the average retirement Continue reading
How to Earn a Tax-Free Paycheque Every Month with Your TFSA
A Tax-Free Savings Account (TFSA) is one of the most powerful investment tools available to Canadians. With a TFSA, you can earn money on your investments—whether from interest, dividends, or capital gains—completely tax-free. This can significantly boost your wealth over time, especially when reinvested. If you’re looking to earn consistent income from your TFSA every Continue reading