The federal government’s GST tax holiday, set to begin on December 14, 2024, has sparked excitement among Canadians looking to save on essentials and gifts during the holiday season. While the program promises a 5% discount on various items, financial experts caution consumers to evaluate the true impact of these savings on their budgets. What Continue reading
Ontario Real Estate in 2025: Where Home Prices Are Set to Soar
A Positive Outlook for Ontario’s Housing Market Despite ongoing economic uncertainty and a high cost of living, RE/MAX Canada has released an optimistic forecast for Ontario’s real estate market in 2025. According to the report, gradual declines in lending and stress test rates are creating a more encouraging environment, particularly for first-time homebuyers. Rising Prices Continue reading
Hidden Treasures: 6 Rare Canadian Dollar Coins Worth $500k
Canada’s dollar coins have a fascinating history, with many designs that go beyond their face value. While today’s Loonie is a staple of Canadian currency, older coins—especially those crafted in silver—have become valuable collector’s items. Some rare coins even fetch thousands of dollars at auction, making it well worth your time to examine your collection Continue reading
Canada Real Estate Market Forecast 2024-2029: Steady Growth Amid Changing Interest Rates
Canada’s real estate market is poised for modest growth over the next five years as economic conditions, interest rate trends, and housing demand interplay to shape the sector. Based on the Canadian Real Estate Association’s (CREA) latest forecast, here’s an in-depth look at the projections and trends expected to influence real estate in Canada from Continue reading
Maximize Your Retirement: Qualify for Up to $1,072.93 in Guaranteed Income Supplement Benefits
The Guaranteed Income Supplement (GIS) is a lifeline for low-income Canadian seniors, offering up to $1,072.93 per month in 2024. This program works alongside the Old Age Security (OAS) pension to ensure financial stability in retirement. Here’s a comprehensive guide to qualifying for GIS and securing your financial future. 1. Key Eligibility Criteria Age Residency Continue reading
Canada Announces Temporary GST/HST Holiday Exemption and $250 Working Canadians Rebate for 2025
The Canadian government has unveiled a series of measures to alleviate financial pressure on households, providing meaningful tax relief during the winter months and direct support to working Canadians. GST/HST Exemption Starting December 14, 2024 From December 14, 2024, to February 15, 2025, Canadians can enjoy tax-free purchases on a range of essential and everyday Continue reading
How Much does a Surviving Spouse Get from OAS?
When a spouse or common-law partner passes away, understanding the financial implications of Old Age Security (OAS) and Canada Pension Plan (CPP) survivor benefits is essential. Here’s an overview of these programs and what survivors should expect. Old Age Security (OAS) and Survivor Benefits The OAS program does not provide a survivor benefit. If a Continue reading
Can You Receive Both QPP and CPP ? Key to a Secure Retirement
As Canadians approach retirement, many are curious about the various pension programs available to them. Among the most prominent are the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP). This article will provide a detailed overview of both plans, clarify whether individuals can receive benefits from both, and discuss the implications for retirees. Continue reading
QPP vs CPP: Which is more secure Retirement Option?
As Canadians approach retirement, understanding the various pension plans available is crucial for effective financial planning. Two of the most significant pension programs in Canada are the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP). While both plans serve similar purposes, they have distinct features, benefits, and eligibility requirements. This article provides an Continue reading
CPP vs OAS & GIS: Which is Better for Canadian Retirees?
As Canadians approach retirement, understanding the different government benefits available is crucial for effective financial planning. The Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS) are three key programs designed to provide income support to seniors. But which one is better? Let’s explore the differences between CPP, OAS, and GIS Continue reading