News

Automatic tax filing services have been expanded to include thousands more Canadians as part of a national pilot project. On Tuesday, the Canada Revenue Agency (CRA) announced in a news release that over 500,000 eligible Canadians were invited in July to file their 2023 tax returns using the agency’s SimpleFile services, either by phone, online, Continue reading

Saskatchewan’s minimum wage is set to rise to $15 an hour on October 1, making it the lowest in the country alongside Alberta. Despite this seven-percent raise, the new wage remains $3.95 per hour short of meeting basic living expenses. Minister of Labour Relations and Workplace Safety, Don McMorris, highlighted the positive aspects of the Continue reading

In September 2024, Canadian senior citizens may see a significant boost in their pension benefits, with potential increases of up to $2,500. This article aims to clarify the current status of this anticipated upgrade, its eligibility criteria, and other relevant details. While no official confirmation is available yet, understanding the rumors and projections can help Continue reading

Daylight Saving Time (DST) will soon end in Canada, marking the moment when clocks are set back one hour to Standard Time, giving Canadians an extra hour of daylight in the mornings. Here’s a detailed look at how DST works in Canada, when it ends, and why we continue to observe it. What is Daylight Continue reading

Recent reports from TELUS Health provide optimistic insights for Canadian pension plans and their beneficiaries. Both the Pension Indices and Performance Universe reports highlight positive investment returns and enhanced stability for the third quarter of 2024. This trend suggests a promising outlook for the financial security of employees and retirees, benefiting the Canadian economy as Continue reading

After the last little ghosts and goblins leave your front door with their haul of candy tonight, we’ll be into the home stretch of the year. This is a great time to revisit your tax planning to ensure nothing gets left to the last minute. Here are some effective year-end strategies for retirees. 1. Split Continue reading

Extraordinary Auction Result TOLEDO, Ohio – An extraordinarily rare dime has been sold for just over $500,000. This elusive coin, struck by the U.S. Mint in San Francisco in 1975, features a depiction of President Franklin D. Roosevelt and is one of only two known to exist without the distinctive “S” mint mark. Inheritance and Continue reading

It’s a common question, especially amid increasing financial pressures. With daily concerns often taking precedence, long-term retirement planning can easily be overlooked. Financial Anxiety Among Canadians A new survey from CPP Investments, conducted for Financial Literacy Month in November, reveals that 61% of Canadians fear running out of money in retirement. This anxiety is even Continue reading

A rare Beatrix Potter 50p coin, which has made headlines for its staggering listing price of £150,000 on eBay in Scotland, is currently available in Suffolk for just under £2. This significant price difference—nearly 80,000 times less—has caught the attention of collectors and enthusiasts alike. Coin Details In the Felixstowe area of Suffolk, one such Continue reading

A key retirement decision for millions of Canadians could be made in a more informed way if the federal government revised its messaging. According to a new report from the National Institute on Ageing (NIA), significant improvements are needed in how individuals learn about claiming Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits. Continue reading