The Canada Revenue Agency (CRA) has set strict deadlines for filing tax returns and making payments in 2025. Missing these deadlines can lead to penalties and interest charges, while early filing ensures faster refunds. To simplify tax season, we have compiled all crucial tax deadlines for 2025 in one place. When Can You File Your … Read more
In 2025, Canadian seniors can anticipate a notable increase in their pension benefits, reflecting the government’s commitment to supporting retirees amid rising living costs. This enhancement affects major federal programs, including the Old Age Security (OAS), Canada Pension Plan (CPP), and the Guaranteed Income Supplement (GIS). Below is a detailed breakdown of these changes. Old … Read more
When it comes to managing your taxes in Canada, adhering to the CRA tax deadlines is essential. Missing these dates can result in hefty penalties and interest charges. Staying on top of the tax deadlines ensures you avoid unnecessary costs and get any refunds promptly. To help you navigate the 2025 tax season, we’ve compiled … Read more
The Canadian government offers financial support to seniors through the Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) programs. For low-income seniors, these combined benefits can provide up to $1,450 per month, offering essential assistance to cover daily living expenses. This article delves into the eligibility criteria, benefit amounts, application processes, and payment … Read more
The Canada Pension Plan (CPP) stands as one of the most significant social insurance programs in Canada. It plays a crucial role in offering financial protection for retirees, people with disabilities, and survivors of deceased contributors. The CPP, funded through contributions from both employees and employers, is available to nearly all Canadians except those residing … Read more
The Canada Revenue Agency (CRA) administers several benefit programs to support Canadians, including the Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. Understanding the February 2025 deposit dates for these programs is essential for effective financial planning. February 2025 Payment Schedule … Read more
Rising food prices have placed a significant strain on many Canadian households, prompting the government to introduce Grocery Rebate Bill C-46. This initiative aims to provide financial assistance to low- and modest-income families by offering a one-time rebate to offset increasing grocery costs. Below, we explore who qualifies, how much beneficiaries can receive, and how … Read more
The Canada Pension Plan (CPP) is a cornerstone of retirement planning for many Canadians, offering financial security during retirement. Starting in 2025, eligible individuals could receive up to $3,000 per month based on their contributions, retirement age, and work history. This guide explores the key aspects of the CPP, including eligibility, benefit calculations, and strategies … Read more
As February 2025 approaches, many Canadians are curious about the possibility of receiving a $1,400 Canada Pension Plan (CPP) payment. This article delves into the details of CPP payments, eligibility criteria, and the factors influencing the amount you may receive. Understanding the Canada Pension Plan (CPP) The Canada Pension Plan is a government-managed program designed … Read more
In an era where technology intertwines with essential services like healthcare, transportation, energy, and telecommunications, the Government of Canada has introduced a new National Cyber Security Strategy (NCSS) to safeguard its citizens and infrastructure. This initiative aims to address the rapidly evolving cyber threats that pose significant risks to national and economic security. Securing Canada’s … Read more
