The Canadian federal government has reintroduced the $500 monthly housing benefit for 2025, a pivotal initiative aimed at providing financial relief to renters facing challenges due to inflation and high living costs. This move is a response to escalating rental prices and seeks to ensure that affordable housing remains accessible for low- to middle-income households. … Read more
The Canada Pension Plan (CPP) is a critical pillar of retirement income for millions of Canadians. While the standard age to start collecting CPP benefits is 65, many opt to begin as early as age 60—despite the fact that this comes with a permanent reduction in payments. Why would someone choose to receive reduced monthly … Read more
The Canada Revenue Agency (CRA) has officially confirmed a $928 direct benefit payment as part of its 2025 relief and income support measures. This update comes amid ongoing cost-of-living challenges affecting low- and moderate-income Canadians. If you’re wondering whether you qualify for this CRA $928 payment, you’re not alone. This guide will walk you through everything you need to know … Read more
Canada’s Old Age Security (OAS) program is set for its scheduled July 2025 adjustment, delivering a welcomed increase for Canadian seniors. This quarterly update, tied to inflation and cost-of-living shifts, ensures retirees retain their purchasing power amid rising prices. Whether you’re already receiving OAS or nearing eligibility, these changes are important for financial planning. Why the July 2025 OAS Increase Matters Estimated OAS … Read more
Canadian seniors are facing increasing financial pressure due to the ongoing rise in the cost of living. To help combat this, the federal government is preparing to implement enhanced payments for both Old Age Security (OAS) and the Canada Pension Plan (CPP) in 2025. These updates aim to ensure that seniors can maintain their quality … Read more
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