Tax season in Canada is an ideal time to ensure that every eligible deduction and credit is claimed. With the Canada Revenue Agency (CRA) now accepting tax filings, experts recommend several strategies to increase tax refunds. The following guide outlines seven proven methods to help Canadians get the most out of their income tax return. … Read more
In an effort to support individuals and families struggling with the rising cost of living, the Canadian government has unveiled a $300 Federal Payment for eligible Canadians in 2025. This one-time financial relief is part of a broader initiative to assist low- and moderate-income citizens. The program is aimed at reducing economic pressure and helping … Read more
As the 2025 tax season approaches, Canadian taxpayers have a prime opportunity to reduce their tax liabilities by leveraging available credits and deductions. Understanding and claiming these benefits can lead to significant savings. Here are three substantial tax breaks to consider for your 2025 tax return. 1. Home Buyers’ Amount Purchasing a home is a … Read more
As February 2025 approaches, many Canadian seniors are eagerly awaiting their Canada Pension Plan (CPP) payments. For new beneficiaries, the standard monthly CPP payment in 2025 will be around $1,433, but under certain circumstances, some individuals could receive up to $1,700. This increased amount depends on factors such as additional benefits and delayed retirement credits. … Read more
As of February 24, 2025, Immigration, Refugees, and Citizenship Canada (IRCC) has made significant strides in addressing the immigration backlog, reducing it by 50,200 applications. This development reflects IRCC’s ongoing commitment to streamlining application processes and improving service standards for prospective immigrants. Current Status of IRCC Application Inventory IRCC manages a substantial inventory of over … Read more
Seniors across Canada depend on government support to help maintain their quality of life during retirement. Recently, discussions have been circulating about a special $2,400 CRA direct deposit payment for seniors. Many Canadians are eager to find out whether they are eligible for this financial aid. However, as of February 2025, there is no confirmed … Read more