The new year is just around the corner, and with it comes a fresh wave of financial support from the Canada Revenue Agency (CRA) and Revenu Québec. These payments aim to provide relief post-holidays and support everything from child benefits to pensions. Here’s a detailed breakdown of the payments you can expect in January 2025, Continue reading
Canada Pension Plan Report Released — But Key Questions Remain Unanswered
Alberta Premier Danielle Smith recently provided an update on the province’s ongoing efforts to explore exiting the Canada Pension Plan (CPP). The province has received feedback from Canada’s chief actuary but still awaits a definitive estimate of how much Alberta would be entitled to if it leaves the national retirement fund. No Firm Number Yet Continue reading
How Can You Avoid CPP and OAS Clawback in 2025?
If you’re receiving CPP Canada Pension Plan benefits, you may wonder whether you’ll eventually face the Old Age Security (OAS) clawback. The OAS clawback is a reduction of $0.15 for every dollar of income you earn above $90,977 (as of 2024). Once your income reaches $149,000, your OAS payments are fully clawed back, leaving you Continue reading
Canada New Mortgage Refinance Rules Under Secondary Suite Program 2025
The Canadian government is taking decisive steps to address the housing crisis by transforming underused spaces into homes and empowering homeowners to increase housing density. With a housing plan aimed at building 4 million homes by 2031, the federal government has announced significant measures to unlock vacant lands, retrofit underused federal properties, and support secondary Continue reading
Pros and Cons of Canada’s New Federal Secondary Suite Program Loan & Refinance
The Canadian government has introduced two ambitious initiatives to expand the availability of rental housing and ease financial strain for homeowners. These programs—the Secondary Suite Loan Program (SSLP) and the Secondary Suite Refinance Program (SSRP)—offer distinct approaches to achieving these goals. Here’s an in-depth look at both programs, their pros and cons, and who stands Continue reading
How Much does a Single Person Get on EIA in Manitoba 2025?
Manitoba’s Employment and Income Assistance (EIA) program is designed to provide financial aid to residents who have no other means to support themselves or their families. For individuals who are able to work, EIA also helps with employment support to assist in returning to the workforce. The program includes Rent Assist, which provides additional help Continue reading
Cash App Settlement 2024: Customers Eligible for $2,500 Payout
In 2024, Cash App users may be eligible for a significant payout as part of a legal settlement. This settlement, resulting from a class-action lawsuit, could mean up to $2,500 for eligible customers. Here’s what you need to know about the Cash App settlement, who is eligible, and how you can claim your payout. What Continue reading
What is the Cost-of-Living Increase for Ontario in 2025? Everything You Need to Know
An Overview of the 2025 Cost-of-Living Increase Starting January 1, 2025, individuals receiving benefits from the Workplace Safety and Insurance Board (WSIB) in Ontario will see a 2.6% increase in their payments. This adjustment is fully indexed to the Consumer Price Index (CPI) and is designed to protect against the rising costs of living. Each Continue reading
ODSP Payment Dates 2025: Expected Increase & Amount
The Ontario Disability Support Program (ODSP) provides financial assistance to eligible Ontario residents with disabilities, aiming to help them manage living expenses and improve their quality of life. ODSP Payment Schedule for 2025 ODSP payments are typically issued on the last business day of each month. ODSP payments are typically issued on the last business Continue reading
Will Ontario Works Increase in 2025? A Complete Guide
As of July 2024, Ontario Works (OW) rates have remained unchanged for the sixth consecutive year, despite significant increases in the cost of living due to inflation. This stagnation effectively reduces the purchasing power of recipients, exacerbating financial challenges for vulnerable populations. Ontario Disability Support Program (ODSP) Adjustments In contrast, the Ontario Disability Support Program Continue reading