Effective July 1, 2025, Canada is implementing nationwide updates to its driving regulations focused on enhancing road safety, environmental sustainability, and consistency across provinces. Here’s what drivers need to know. Summary Table of Key Changes Rule Area New Regulation Effective Date Source Distracted Driving Ban on handheld devices; fines starting at C$600 July 1, 2025 … Read more
Navigating Canada’s retirement benefits in 2025 can be complex, but understanding the Old Age Security (OAS), Guaranteed Income Supplement (GIS), Canada Pension Plan (CPP), and Quebec Pension Plan (QPP) is crucial for maximizing your retirement income. This comprehensive guide breaks down the latest updates, eligibility criteria, payment schedules, and benefit amounts to help you plan effectively. Understanding Canada’s Retirement Benefits … Read more
Canadian retirees are set to benefit from a significant Canada Pension Plan (CPP) increase in 2025. Monthly retirement pension payments now range from $816 to $1,433, depending on your age, contribution history, and when you start collecting benefits. This boost is part of the ongoing CPP enhancement, designed to provide greater financial security for seniors. What’s Behind the CPP Increase in … Read more
Many IRS refund payments are still in progress for some taxpayers, even though a large portion of Americans who filed their 2025 returns ahead of the April 15 deadline have already received — and possibly used — their refunds. By U.S. law, you generally have up to three years from the date of filing or … Read more
The Canada Pension Plan (CPP) is a central component of retirement income for Canadians. While most begin CPP benefits at age 65, Canadians can start receiving payments as early as age 60, or choose to delay up to age 70. But why would anyone consider starting earlier and accept smaller monthly payments? The answer depends on financial needs, health status, and … Read more
In July 2025, the Canadian government is offering a one-time $600 top-up to the Canada Housing Benefit (CHB) to assist low-income renters facing rising housing costs. This initiative aims to provide immediate financial relief amid ongoing affordability challenges. Key Details of the $600 CHB Top-Up Feature Details Top-Up Amount $600 one-time payment Payment Start Date … Read more
The Canada Caregiver Credit (CCC) is a non-refundable tax credit introduced to support Canadians who care for a spouse, common-law partner, or dependent with a mental or physical impairment. The credit helps ease the financial burden of caregiving, offering relief to those providing vital personal care and assistance. In 2025, understanding eligibility, payment amounts, and how to properly claim the Canada Caregiver Credit can … Read more
Millions of Canadians are set to receive their CRA $179 GST/HST Credit this July 2025, offering vital financial relief amid rising living costs. The Goods and Services Tax (GST) / Harmonized Sales Tax (HST) Credit is a tax-free quarterly payment issued by the Canada Revenue Agency (CRA) to help low- and modest-income households offset tax … Read more
As housing costs continue to rise across Canada, the federal government has introduced a one-time $500 top-up to the Canada Housing Benefit in 2025. This initiative aims to provide financial relief to low-income renters struggling with the burden of high rent payments. If you’re a renter, it’s essential to understand the eligibility criteria, application process, and payment details to take advantage … Read more
The Ontario Trillium Benefit (OTB) provides crucial financial support to eligible Ontario residents by combining three key credits: the Ontario Energy and Property Tax Credit (OEPTC), the Northern Ontario Energy Credit (NOEC), and the Ontario Sales Tax Credit (OSTC). The next OTB payment is scheduled for Tuesday, June 10, 2025. If you rely on this benefit, it’s important to know how to maintain … Read more
