Finance

Understanding your net income and how it’s calculated is crucial when it comes to managing your finances and minimizing tax liabilities in Canada. The Canada Revenue Agency (CRA) has a specific formula for determining personal income tax, and it’s essential to understand each step of the process to make the most of tax deductions and Continue reading

In a move that continues to raise tensions between the United States and Canada, President Donald Trump declared on Thursday that he will end the month-long pause on tariffs and implement a 25% tariff on most Canadian goods starting March 4. The tariff, which Trump linked to concerns about the ongoing influx of fentanyl into Continue reading

The Canadian dollar (CAD) tumbled to a three-week low against the U.S. dollar (USD) on Thursday, as fresh comments from U.S. President Donald Trump dashed any hopes of a delay in the imposition of tariffs on Canadian goods. In a statement that cleared up previous confusion regarding the timing of the tariffs, Trump confirmed that Continue reading

When it comes to choosing between a fixed or variable mortgage rate in Canada, the decision is never simple. The economic and political landscape has been uncertain in recent years, leading many first-time homebuyers to lean toward the relative stability of shorter-term fixed mortgage rates. While the choice ultimately depends on individual financial situations and Continue reading

Ontario residents facing the strain of rising costs may find some relief with benefit cheques arriving in March. The provincial government has already begun mailing out $200 rebate cheques to eligible recipients. However, as inflation continues to impact daily expenses, $200 may not go as far as it once did. But there’s more financial support Continue reading

OAS Pension Increased by 2% for 2024-2025, But Payments Stay the Same for January-March 2025 Due to Stable CPI As we approach 2025, significant changes are coming to Canada’s pension system that could greatly affect your retirement planning. With updates to the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement Continue reading

The U.S. Agriculture Department (USDA) is warning that egg prices could rise by more than 40% in 2025, continuing a troubling trend as bird flu decimates poultry farms across the country. The administration, under the Trump administration’s guidance, revealed new details on how it plans to mitigate the effects of the avian influenza crisis that Continue reading

As February wraps up, it’s time for Canadians to start thinking about the government benefit payments they’ll receive in March 2025. Whether you’re budgeting for spring expenses or simply managing your monthly bills, these upcoming payments from the Canada Revenue Agency (CRA) and Service Canada could provide much-needed financial support. From child benefits to pension Continue reading

Key Insights for USD/CAD Traders: What You Need to Know Ahead of March 4 As the March 4 deadline approaches, traders in the USD/CAD market are bracing for potential volatility. The Trump Administration’s tariff reprieve on Canada, which has helped stabilize the Canadian dollar, is set to expire next week. This looming expiration has many Continue reading

The trajectory of Canadian mortgage rates in 2025 is generating significant interest among homeowners, prospective buyers, and investors. As inflation moderates and the Bank of Canada signals potential shifts in its monetary policy, the outlook for mortgage rates will largely depend on the broader interest rate cycle and global economic conditions. Although variable mortgage rates Continue reading