In 2025, significant updates are coming to Canada Pension Plan (CPP) and Old Age Security (OAS) that will impact both current retirees and working Canadians. These changes affect contribution amounts, eligibility age, and benefit increases, making it crucial for all Canadians to stay informed. Below, we delve into the three key modifications expected in 2025. … Read more
In a welcome financial relief for Canadian families, the Canada Child Benefit (CCB) is set to increase starting July 2025, coinciding with the 2025-2026 benefit year. This adjustment aims to support households facing rising costs and inflation. The revised CCB payments will see a 2.7% increase, aligning with inflation trends. This means families can now … Read more
The 1937-D Three-Legged Buffalo Nickel stands as one of the most intriguing and sought-after coins among collectors. Its unique minting error and historical significance have propelled its value to extraordinary heights, with some specimens fetching prices as high as $270,000. This article delves into the origins, characteristics, and factors contributing to the immense value of … Read more
The 2001 New York State Quarter, part of the U.S. Mint‘s 50 State Quarters Program, typically holds a face value of 25 cents. However, certain rare error coins have fetched prices as high as $15,000 at auctions, capturing the attention of collectors and enthusiasts alike. This article delves into the factors that can elevate the … Read more
The South African Social Security Agency (SASSA) R530 Care Taker Grant is a crucial financial aid initiative designed to support individuals requiring full-time caregiving due to medical or physical conditions. This additional grant is intended for beneficiaries of certain SASSA social grants who need daily assistance from a caregiver. In light of the financial struggles … Read more
Staying informed about your government benefit payment dates is crucial to managing your finances. In March, eligible Canadians will receive payments for various federal and provincial benefits, including the Ontario Trillium Benefit (OTB), Canada Child Benefit (CCB), Canada Pension Plan (CPP), Old Age Security (OAS), Ontario Disability Support Program (ODSP), and the Veteran Disability Pension. … Read more
Since February 5, 2024, more than 33 million tax returns have been filed by Canadians. Among them, a small percentage opted for a quick and simple method—filing by phone. This process, which takes approximately 10 minutes, is facilitated through the Canada Revenue Agency (CRA)’s SimpleFile by Phone (SFP) service. Despite being a lesser-used method, 51,555 … Read more
Owning a home is a major milestone, but for many first-time buyers, the financial burden can be overwhelming. Fortunately, the Canada Revenue Agency (CRA) is offering an $8,000 tax benefit in March 2025 to help eligible individuals achieve their homeownership dreams. This benefit is provided through the First Home Savings Account (FHSA) and offers substantial … Read more
The delay in implementing the capital gains inclusion rate increase until January 1, 2026, has triggered a series of relief measures by the Canada Revenue Agency (CRA). These measures aim to mitigate uncertainty for taxpayers and tax professionals during this transitional period. CRA Relief Announcements Extension of Filing Deadlines and Penalty Relief On January 31, … Read more
The Canada Revenue Agency (CRA) has confirmed that eligible Canadian seniors will receive a pension payment of up to $2,166 in February 2025. This important announcement has raised several questions surrounding eligibility, application processes, and the specifics of the payment. This article will provide a comprehensive breakdown of the details, helping you navigate the system … Read more
