New CRA Tax Brackets for 2025: Changes and Updates
The Canada Revenue Agency (CRA) adjusts federal tax brackets annually to account for inflation, ensuring a fair taxation system. The tax brackets for 2025 are […]
New EI Max Contribution Limit, Rates & Weekly Benefits Increase for 2025
The Employment Insurance (EI) program has announced an increase in the Maximum Insurable Earnings (MIE) for 2025. These changes, effective January 1, 2025, will impact […]
CCP2 Max Contribution Limit & Rates for 2024-2025: How it Works?
The Canada Pension Plan (CPP) enhancement, introduced on January 1, 2019, aims to provide greater financial security for Canadian workers and their families. By increasing […]
Canada Child Benefit Payment Dates 2025: Amount, Eligibility, and Updates
The Canada Child Benefit (CCB) is a tax-free monthly payment designed to help eligible families manage the costs of raising children under 18. Here’s a […]
Maximum CPP Contribution for 2025: Limits & Rates
The Canada Revenue Agency (CRA) has announced the CPP contribution rates and maximum pensionable earnings for 2025, which include increases to key thresholds and limits. […]
Ontario GAINS Program 2025: A Lifeline for Low-Income Seniors
Ontario’s Guaranteed Annual Income System (GAINS) is a vital provincial program designed to help low-income seniors maintain a basic standard of living. With tax-free monthly […]
Canada Carbon Rebate Payment Dates 2025: Eligibility and Key Updates
The Canada Carbon Rebate (CCR) provides direct payments to offset the costs associated with carbon pollution pricing. Formerly known as the Climate Action Incentive Payment […]
CRA Notice of Assessment: What It Means & How to Read?
A Notice of Assessment (NOA) is a document issued by the Canada Revenue Agency (CRA) after processing your tax return. It summarizes your income, deductions, […]
Canada Child Benefit Boost for 2025: How Much More Will You Receive?
The Canada Revenue Agency (CRA) has announced good news for families feeling the pinch of inflation: the Canada Child Benefit (CCB) is increasing in 2025. […]
Does Everyone Get the Ontario Trillium Benefit Tax Credit in 2025? Who Qualifies for it!
The Ontario Trillium Benefit (OTB) is a refundable tax credit designed to help Ontarians manage energy costs, sales tax, and property taxes. Combining three credits […]