If you’re a parent to a young child, chances are you’ve heard of or own a Yoto Mini. The beloved Bluetooth speaker, designed for kids, offers a fun way to enjoy stories, music, and podcasts with NFC-equipped cards. However, safety concerns surrounding certain batches of the device have led to a significant recall effort. Here’s Continue reading
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CRA Announces December 2024 Benefit Payments Including CCB, OTB, CPP, and OAS
As December 2024 begins, the Canada Revenue Agency (CRA) has outlined its schedule and details for upcoming benefit payments, including the Canada Child Benefit (CCB), Ontario Trillium Benefit (OTB), Canada Pension Plan (CPP), and Old Age Security (OAS). Here’s what Canadians need to know about these payments and eligibility. Canada Child Benefit (CCB) The CCB Continue reading
Meta Complies with CRTC’s Order to Disclose Information on Online News Act Compliance
After initially resisting, Meta has now agreed to comply with a directive from the Canadian Radio-television and Telecommunications Commission (CRTC) to publicly disclose details of its news-blocking measures. This comes as part of the company’s response to the Online News Act, which mandates platforms like Facebook and Instagram to compensate media outlets for displaying their Continue reading
Canada $15 Billion AI Boost Incentives to Power Green Data Centres
The Canadian federal government is reportedly considering a groundbreaking initiative to bolster its position in the global artificial intelligence (AI) and green energy sectors. A proposed $15 billion incentive package aims to encourage major domestic pension funds to invest in state-of-the-art AI data centres powered by renewable energy, according to sources cited by The Globe Continue reading
Trudeau Holiday Tax Break Sparks Debate Over Grocery Taxes in Canada
Prime Minister Justin Trudeau’s recent announcement of a temporary GST/HST holiday tax break has stirred significant public reaction. Social media users and experts have raised concerns, prompting clarification on the nature of grocery taxation in Canada and the potential consequences of the proposed measure. The Holiday Tax Break: What’s Included? Starting December 14, 2024, Canadians Continue reading
MadeGood Granola Bars Recalled Due to Potential Metal Contamination: What You Need to Know
Riverside Natural Foods, the company behind the popular MadeGood granola bars, has issued a voluntary recall for several of its products over concerns of potential metal contamination. The recall affects products distributed across Canada, the United States, and other international markets. What Prompted the Recall? The recall was initiated after the discovery of a small Continue reading
Bank of Canada Reduces Key Interest Rate to 3.25%: Signals a Shift to Gradual Policy Adjustments
The Bank of Canada (BoC) made another bold move on Wednesday, cutting its benchmark interest rate by 50 basis points to 3.25%. This marks the second consecutive half-point reduction, as the central bank continues to navigate an economy showing signs of slowing growth and stabilizing inflation. Fifth Rate Cut Since June The latest reduction is Continue reading
Beware of $250 Working Canadians Rebate Scam Texts: Protect Your Information and Stay Safe
Scammers are preying on unsuspecting Canadians by sending fraudulent text messages claiming to offer instructions on how to deposit the Working Canadians Rebate. These deceptive messages are designed to steal personal information or money from recipients. It’s important to know that the Canada Revenue Agency (CRA) does not send text messages regarding benefits, credits, rebates, Continue reading
RRSP Withholding Tax: Is It Refundable? Everything You Need to Know
he Registered Retirement Savings Plan (RRSP) is a popular tax-advantaged investment account in Canada, designed to help Canadians save for retirement while reducing their taxable income. However, when it comes time to withdraw funds from an RRSP, a withholding tax is applied, which often raises questions about its refundability. In this article, we’ll break down Continue reading
Ontario Tough New Safety Laws: $500K Minimum Fine for Repeat Violations and Expanded Protections for Workers
Ontario is taking a strong stance on workplace safety and labour rights with a new bill that introduces significant penalties for serious health and safety violations while expanding protections for vulnerable workers. Labour Minister David Piccini announced the wide-ranging legislation on Wednesday, highlighting its focus on preventing workplace fatalities and safeguarding worker rights across various Continue reading