Tax season is officially underway in Canada, and with the Canada Revenue Agency (CRA) now accepting tax filings through NETFILE, it’s time to ensure you’re maximizing your refund. Whether you’re aiming to claim deductions, access credits, or simply file on time, a little extra effort can yield significant returns. To help you make the most Continue reading
Finance
Tax Filing in Canada Opens Today Here’s What You Need to Know
Tax season is officially upon us, Canada! As of February 24, 2025, the Canada Revenue Agency (CRA) has activated its NETFILE service, which means it’s time to start filing your 2024 income tax return. For those eager to receive a refund, the sooner you file, the quicker you could see that money in your account—sometimes Continue reading
Which Sectors in Canada Could Face Layoffs First Due to Trump’s Tariffs?
U.S. President Donald Trump has announced that new tariffs on Canada and Mexico will be implemented next week, raising alarm bells across North America. The proposed tariffs, which could reach 25%, are seen as a major threat to millions of jobs, especially in sectors heavily reliant on trade between the three countries. Economists have warned Continue reading
Commonwealth Bank Defies RBA, Pledges $4 Billion in Cash Distribution Monthly Amid Digital Shift
As Australia moves steadily toward a cashless future, the CEO of Commonwealth Bank (CBA), Matt Comyn, has reassured millions of Australians that cash is here to stay—at least for the foreseeable future. Despite the Reserve Bank of Australia’s (RBA) projection that cash could disappear within a decade, CBA is doubling down on its commitment to Continue reading
Canadians Can Now File Claims for Cottonelle Class Action Settlement
A class-action lawsuit against Kimberly-Clark Corporation, Kimberly-Clark Inc., and Kimberly-Clark Canada Inc. has been officially certified by the Supreme Court of British Columbia, following the company’s recall of its Cottonelle Flushable Wipes and Cottonelle Gentle Plus Flushable Wipes. The class action is led by Vancouver-based law firm Slater Vecchio LLP, which announced the development in Continue reading
Royal Canadian Mint Produces Currency for 80 Countries Worldwide
The Royal Canadian Mint (RCM), established in 1908, has grown into a dominant force in global coin production, with a reach spanning over 80 countries. Originally founded to produce currency for Canada, the Mint expanded its operations internationally in 1918, beginning with coin production for Jamaica. In 1976, it further solidified its global role with Continue reading
OAS Payment Dates 2025: Increases and Amounts Explained
The Old Age Security (OAS) program, a cornerstone of Canada’s social safety net, provides monthly payments to eligible seniors aged 65 and older. In 2025, recipients can anticipate both predictable payment dates and potential increases due to inflation adjustments. Here’s an overview based on official updates. OAS Payment Dates for 2025 The Government of Canada Continue reading
Key Considerations and Common Mistakes to Avoid as Tax Filing Season Begins
It’s that time of the year again: time to gather up your receipts and get ready for your tax return. As the official tax-filing season opens, with electronic filing service Netfile starting on Monday, it’s essential to be prepared. To help you navigate the process and potentially maximize your refund, here’s a detailed guide on Continue reading
Didn’t Receive Your GST/HST Credit in February? Here’s What You Can Do to Claim It
The Goods and Services Tax (GST)/Harmonized Sales Tax (HST) Credit is a tax-free, quarterly payment designed to help low- and middle-income Canadians offset the cost of GST/HST they pay. This credit is especially helpful for individuals and families struggling with everyday expenses. However, confusion often arises regarding the timing of payments, leading to a surge Continue reading
Canada’s $250 GST Relief Payment Arriving in March 2025 Eligibility and Important Dates
In March 2025, Canadians will get a breath of relief when the government rolls out a one-time $250 GST Relief Payment to help ease the financial pressure of rising living costs. This special payment is part of a broader initiative by the Canadian government aimed at supporting lower and middle-income households as they struggle with Continue reading