Providing care to a loved one can be challenging, but Centrelink’s Carer Payment offers vital financial support. If you’re eligible, you could receive up to $1,144.40 per fortnight, depending on your circumstances. Here’s a complete guide to help you understand eligibility, payment rates, and rules. Who Can Get the Carer Payment? To qualify for Carer Continue reading
Costco Announces Major Store Change for Next Month, Sparking Shopper Frustration
If you’re an avid reader and a frequent Costco shopper, your trips to the warehouse club are about to change. Starting in January 2025, Costco will no longer sell books year-round in most of its stores, which means the beloved Costco book table may become a thing of the past, depending on when you shop. Continue reading
Canadian Mortgage Rates Rise Amid Surge in Government Bond Yields
While the Bank of Canada (BoC) recently cut interest rates, the bond market tells a different story. Government of Canada (GoC) bond yields have reversed their course, surging upward and signaling higher costs for fixed-rate mortgages. For Canadian homebuyers, this is an important shift as fixed-rate mortgages—historically the most affordable option—could soon become more expensive. Continue reading
Many Canadian Companies Set to Hire for New Roles in 2025
If you’re considering a career change in 2025, there’s good news on the horizon. A significant portion of Canadian companies are planning to hire for new positions in the first half of the new year. Strong Hiring Trends for 2025 According to new data from Robert Half’s State of Canadian Hiring Survey, 46% of companies Continue reading
Calgary Liquor Stores and Shoppers Prepare for Holiday GST Relief
The Canadian federal government’s GST/HST holiday commenced on December 14, 2024, introducing a two-month exemption from the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on a selection of items frequently purchased during the holiday season. This initiative aims to provide financial relief to consumers during a peak spending period. Scope of the Continue reading
New Canada Disability Benefit 2025: Updates, Amount & Income Thresholds
The Canada Disability Benefits Act, enacted on June 22, 2023, introduces a groundbreaking federal disability benefit. Beginning in July 2025, this program aims to provide financial assistance to working-age Canadians with disabilities. If you meet the eligibility criteria, you could receive up to $2,400 annually, without affecting provincial disability benefits like BC’s PWD. Here’s an Continue reading
Top 5 Best GIC Rates Canada: Lock in for High Returns grow your Wealth
Guaranteed Investment Certificates (GICs) are one of the safest investment options available in Canada, offering guaranteed returns over a fixed period. As interest rates fluctuate, it’s crucial to shop around for the best GIC rates to maximize your returns. Whether you’re a conservative investor seeking stability or someone looking to diversify your portfolio, locking in Continue reading
CPP Payments to Rise by 2.7% in 2025: What Retirees Need to Know
Canadian retirees relying on the Canada Pension Plan (CPP) have a reason to celebrate—a 2.7% increase in their CPP payments is set to begin in January 2025. This annual inflation adjustment ensures that the purchasing power of retirees remains stable, a crucial feature in safeguarding retirement income against the rising cost of living. While the Continue reading
Top 5 Government Benefits Canadians Can Expect in December 2024
As the holiday season approaches, Canadians can look forward to a series of government benefits and credits from the Canada Revenue Agency (CRA). These payments aim to provide much-needed financial support, whether you’re a parent, a senior, or a veteran. Here’s a comprehensive breakdown of the key benefits, eligibility criteria, and payment details for December Continue reading
Guaranteed Income Supplement: 7 Facts Every Canadian Senior Must Know
The Guaranteed Income Supplement (GIS) is a vital non-taxable financial aid provided by the Government of Canada. It is designed to support low-income seniors who rely on the Old Age Security (OAS) pension. Here are seven key details about this essential program: 1. Eligibility Requirements 2. Benefit Amounts 3. Income Considerations 4. Allowance for Spouses Continue reading