As 2025 approaches, updates to Canada’s Canada Pension Plan (CPP) and Employment Insurance (EI) have been announced. These changes include increases in contribution limits and […]

The Canada Revenue Agency (CRA) has confirmed that the Tax-Free Savings Account (TFSA) contribution limit will increase by $7,000 in 2025, mirroring the significant hike […]

The OAS clawback, officially known as the OAS Recovery Tax, reduces OAS payments for seniors with a net income above a specific threshold ($90,997 in […]

Receiving CPP Outside Canada Yes, you can continue to receive your Canada Pension Plan (CPP) retirement pension even if you live outside Canada. To qualify […]

Tax season can feel overwhelming, but being informed and prepared makes all the difference. The 2025 tax season brings new opportunities, deadlines, and strategies to […]

CRA Mileage Rates 2025: Awaiting Updates The Canada Revenue Agency (CRA) mileage rates for 2025 have not been announced yet. Historically, the CRA releases these […]

Effective January 1, 2025, the indexing rate for public service pension plan benefits in Canada has been set at 2.7%, ensuring that retirees’ pensions maintain […]

The Ontario Trillium Benefit (OTB) provides combined financial relief through the Ontario Energy and Property Tax Credit, Northern Ontario Energy Credit, and Ontario Sales Tax […]

The Tax-Free Savings Account (TFSA) remains one of the best tools for Canadians looking to save and invest without worrying about taxes on their earnings. […]