As March 2025 sweeps across Ontario, residents from the bustling streets of Toronto to the serene landscapes of Northern Ontario are eagerly anticipating the next round of Canada Revenue Agency (CRA) benefit payments. With ongoing challenges in managing living costs, particularly housing, groceries, and utilities, the government’s continued support in the form of three crucial Continue reading
US Tariff Concerns Fuel Expectations for BOC Rate Cut BBH
Canada’s economic landscape is expected to face a period of subdued growth, as the outlook for business investment remains muted. The latest market expectations indicate that there is more than a 50% chance of the Bank of Canada (BoC) implementing a 25 basis point (bps) policy rate cut in March. Over the next 12 months, Continue reading
Canada Regulator to Charge Google for Operating Costs of Online News Law
Canada’s New Fee on Google to Enforce Online News Act Sparks Tensions with U.S. Tech Giants On February 26, the Canadian Radio-television and Telecommunications Commission (CRTC) announced that it will levy a fee on Google to help cover the costs of enforcing the Online News Act. This legislation, passed last year, mandates that large digital Continue reading
Is Transferring Your RRSP for a Bonus in 2025 Worth It? Key Factors to Consider First
As Canadians navigate the challenges of a higher cost of living, many are finding it difficult to contribute to their Registered Retirement Savings Plan (RRSP) this year. A recent survey by Edward Jones Canada revealed that one in ten of the 1,528 people surveyed reported being unable to invest in their RRSPs at all. With Continue reading
Canadian Dollar Falls to 3-Week Low as Hopes for Tariff Relief Diminish
The Canadian dollar experienced a notable decline on Thursday, hitting a three-week low against its U.S. counterpart, following U.S. President Donald Trump’s confirmation that tariffs on Canadian goods would take effect on March 4. This statement clarified earlier uncertainties regarding the timing of the tariffs, effectively extinguishing any hopes that the imposition might be postponed. Continue reading
While many Canadian pension funds acknowledge the urgency of climate change, some remain indifferent
Canada’s national pension system is under fire for not meeting its climate change commitments, as leading watchdog group Shift Action for Pension Wealth and Planet Health calls out the country’s pension plans for their lack of progress in a new report. While some of Canada’s top pension funds have made significant strides toward addressing climate-related Continue reading
How Your Net Income is Calculated for Taxes and OAS
Understanding your net income and how it’s calculated is crucial when it comes to managing your finances and minimizing tax liabilities in Canada. The Canada Revenue Agency (CRA) has a specific formula for determining personal income tax, and it’s essential to understand each step of the process to make the most of tax deductions and Continue reading
Doug Ford Wins Re-election as Premier of Ontario The Surprises from This Election
The 2025 Ontario election results are officially in, and Premier Doug Ford has triumphed once again, securing his third consecutive term in office. The Progressive Conservative (PC) party has held on to its majority in the 44th Parliament of Ontario, ensuring continued control of the provincial government. This win is particularly notable, marking the first Continue reading
Important Changes from WestJet What Canadian Flyers Need to Know
WestJet is shaking up its loyalty program, and major changes are coming for all WestJet Rewards members starting on April 30. The airline recently announced a comprehensive revamp that aims to offer even more value for frequent flyers, credit card holders, and casual travelers alike. This marks the most significant improvement to the program in Continue reading
Trump Announces 25% Tariff on Most Canadian Goods Starting March 4
In a move that continues to raise tensions between the United States and Canada, President Donald Trump declared on Thursday that he will end the month-long pause on tariffs and implement a 25% tariff on most Canadian goods starting March 4. The tariff, which Trump linked to concerns about the ongoing influx of fentanyl into Continue reading