As part of Canada’s Border Plan, the Government of Canada has announced a significant policy change. Effective December 23 at 11:59 pm ET, work and study permits will no longer be issued to individuals engaging in flagpoling at a port of entry. What Is Flagpoling? Flagpoling refers to the practice where foreign nationals with temporary Continue reading
Chief Actuary Alberta Not Entitled to Half of CPP Fund
Alberta’s Proposal to Exit CPP Challenged by Chief Actuary Canada’s chief actuary, Assia Billig, has determined that Alberta would not be entitled to claim more than half of the Canada Pension Plan (CPP) fund if the province chooses to leave the national retirement program. In a report released Friday, Billig independently assessed the CPP legislation Continue reading
Recall Alert Dessert Sold at Costco Locations in Ontario Deemed Unsafe for Consumption
A popular dessert, the Brownie Skillet with Vanilla Ice Cream, sold at Costco stores in Ontario, Canada, has been voluntarily recalled by Sorrisa Group Inc. The recall, issued on December 20, 2023, cites the potential presence of rubber foreign material in the product, posing a possible choking hazard. Why Was the Brownie Skillet Recalled? Sorrisa Continue reading
Economists Predict Further Decline for Canadian Dollar Amid Downward Trend
Experts predict challenging times for the Canadian dollar in the months ahead as the currency continues its downward trend. “We do have more room to fall,” said Karl Schamotta, chief market strategist at Corpay. The Canadian dollar has been trading below 70 cents USD recently, nearly 4% lower than its value in September. What’s Behind Continue reading
Canada Revenue Agency Introduces New Benefits for Canadians and Residents Starting January 2025
Canadians, including newcomers and temporary residents, can expect a fresh round of payments from the Canada Revenue Agency (CRA) beginning in January 2025. These payments are designed to assist individuals and families in managing rising living costs. The government has introduced five essential benefit programs, and understanding eligibility and application processes is crucial for accessing Continue reading
Why Restaurants in Canada Charge GST and HST During the Holiday Tax Break
Ever since Canada announced the GST/HST tax break holiday in November, there’s been widespread discussion among Canadian restaurants, caterers, and customers about which products are eligible. This temporary tax relief, designed to provide savings for consumers, has sparked numerous questions, especially regarding alcoholic beverages, food delivery, and catering services. Clarifying the GST/HST Tax Break The Continue reading
New Year, New Boost: Centrelink Payments to Rise from January 1, 2025
More than one million Australians will receive a welcome financial boost to their Centrelink payments as annual indexation kicks in on January 1, 2025. These adjustments aim to help recipients of welfare payments cope with rising living costs amidst ongoing economic pressures. Recipients of Youth Allowance, Austudy, ABSTUDY, and the Carer Allowance are among those Continue reading
January 1, 2025: Major Changes to Centrelink, Medicare, Passports, and More – What You Need to Know
As the new year approaches, Australians are gearing up for significant financial and legal changes starting January 1, 2025. From increased Centrelink payments to Medicare updates, passport price hikes, and new wage theft penalties, here’s a detailed breakdown of the key changes impacting individuals and families. 1. Centrelink Payment Boosts: More Money for Millions Over Continue reading
5 Ontario Megaprojects Set to Be Completed in 2025
Construction cranes are a common sight across Ontario’s skylines, signaling the growth and transformation of cities throughout the province. Major infrastructure and engineering projects are underway to prepare Ontario for future expansion. By 2025, several of these colossal undertakings will be completed, enhancing transportation, international connections, and urban life. Eglinton Crosstown LRT Toronto’s Eglinton Crosstown Continue reading
Understanding 2025 Tax Brackets A Guide for Retirees
Taxes often represent the single largest expense both during our working years and in retirement. While the tax-filing deadline in April looms large, retirees and those nearing retirement should consider proactive strategies before year-end to maximize their tax efficiency. Here’s an overview of the changes and strategies that can help you navigate retirement taxation in Continue reading