$1,886 Social Security Payment: Social Security payments are very helpful for retirees, people with disabilities, and families with low incomes. In December 2024, those who get these payments can expect to receive about $1,886 on average, although the specific amount can change depending on various factors. If you are retired or thinking about getting Social … Read more
CRA CCB Notice: The Canada Revenue Agency (CRA) runs many support programs, including the Canada Child Benefit (CCB). This program helps families who have children under 18. To help people understand their benefits, the CRA sends out a CCB Notice. This notice gives clear details about how much money families can receive, who can get … Read more
GST Tax Credit: The GST/HST Credit helps families in Canada who earn low to moderate incomes by giving them tax-free payments every three months. These payments assist with the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) that people pay on various goods and services. With this credit, eligible taxpayers can get … Read more
CPP and OAS Payments Increase in 2025: The cost-of-living adjustment, or COLA, is a helpful benefit that ensures your pension keeps its value. We are pleased to share that for 2025, the COLA for retirees from the Public Service Pension Plan and their families will be 2.7%. Let’s break down what this means for you … Read more
CPP Increase in January 2025: The Canada Pension Plan (CPP) ensures that retirement payments for Canadians keep up with rising living costs. Each year, CPP payments are adjusted based on the Consumer Price Index (CPI), which measures how prices change over time. Let’s explore how this works and what to expect in 2025. Changes to … Read more
CPP Increase in January 2025: The Canada Pension Plan (CPP) is important for helping retirees in Canada feel financially secure. To address the impact of rising prices, the Canadian government has decided to raise CPP payments by 2.6%, starting in January 2025. This boost will assist retirees in coping with increasing living expenses like food, … Read more
Grubhub Settlement: Grubhub, a leading food delivery service in the U.S., has decided to settle a lawsuit from the Federal Trade Commission (FTC) for $25 million. The lawsuit accused the company of misleading its customers, drivers, and restaurants. The settlement represents an important change for Grubhub, as it will need to make major updates to … Read more
WSIB Increase 2025: The Workplace Safety and Insurance Board (WSIB) is important for workers in Ontario, helping those who have been hurt or gotten sick on the job. With the cost of living going up, WSIB has shared some big news about changes to pensions and benefits for 2025. Starting January 1, 2025, pensions will … Read more
CPP Post-Retirement Benefits 2025: Planning for retirement can be tricky, especially with prices going up and money not stretching as far. Many older adults find it hard to manage their finances when they stop working, and some decide to keep working to earn extra money. The Canada Pension Plan (CPP) Post-Retirement Benefit (PRB) helps those … Read more
CRA 2025 Updates: 4 Tax Changes Canadians Need to Know At the beginning of 2025, the Canada Revenue Agency (CRA) is making some important changes to its tax system that will affect individuals, businesses, and seniors. These updates aim to improve how the system operates, provide targeted assistance, and help the economy recover. Here’s a … Read more