As February 2025 approaches, eligible Canadian seniors can receive a direct deposit of up to $2,200 from the Canada Revenue Agency (CRA). This amount comprises payments from Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and the Canada Pension Plan (CPP). Understanding eligibility criteria, payment dates, and the application process ensures that seniors receive … Read more
Significant changes are coming to the Canada Pension Plan (CPP) in 2025, with higher benefit amounts set to improve the financial security of Canadian retirees. The CPP Increase 2025 is designed to counteract the effects of inflation and rising living costs, ensuring that retirees receive greater monthly payments to better manage daily expenses. This comprehensive … Read more
Canada’s national pension plan is facing significant criticism for failing to meet its climate change commitments, while some of the country’s leading pension funds are actively working to meet their ambitious sustainability goals. According to the Shift Action for Pension Wealth and Planet Health report released on February 19, Canada’s pension fund managers are not … Read more
In 2025, millions of Canadians will benefit from various government financial programs designed to offer support and stability. These include Canada Pension Plan (CPP), Old Age Security (OAS), Canada Workers Benefit (CWB), Climate Action Incentive Payment (CAIP), and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit. These payments are essential in helping retirees, low-income … Read more
As living costs continue to rise, the Canadian government has implemented a one-time Extra GST Payment 2025 program designed to provide much-needed financial relief to low- and modest-income households. This supplementary benefit, administered by the Canada Revenue Agency (CRA), is intended to bolster the regular GST/HST credits and help eligible families manage everyday expenses more … Read more
Recent reforms introduced by the Canada Revenue Agency (CRA) in 2025 are set to significantly alter the landscape of retirement income for Canadian seniors. The new rules, affecting both Old Age Security (OAS) and the Canada Pension Plan (CPP), are designed to enhance the financial well-being of retired Canadians by aligning benefits with current economic … Read more
Canadian pennies, though no longer in circulation since 2012, have become prized collectibles among numismatists. Certain rare editions and error coins have appreciated significantly in value over time. Below is a curated list of the ten most valuable Canadian pennies, their unique features, and approximate market values. 1. 1936 Dot Penny The 1936 Dot Penny … Read more
The 1976 Bicentennial Quarter holds a special place in American coinage, commemorating the 200th anniversary of the United States’ independence. While most of these quarters are common and worth only their face value, certain rare versions have fetched astonishing prices at auctions. Notably, some have been reported to sell for up to $500,000. Could you … Read more
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
The 1942-D Jefferson Nickel has piqued the interest of numismatists and collectors alike, especially due to certain unique varieties that have surfaced over the years. One pressing question remains: Can this coin truly fetch over $80,000 in the market? Let’s delve into the specifics to uncover the truth. Understanding the 1942-D Jefferson Nickel In 1942, … Read more