Inflation has significantly reduced the purchasing power of many individuals, making it difficult to afford basic necessities. This has affected not only their standard of living but also their ability to meet essential food and healthcare expenses. In response, the Canadian government has introduced financial support measures to assist individuals struggling with inflation. The CPP … Read more
In 2025, eligible Canadian seniors can receive up to $727.67 per month through the Old Age Security (OAS) program. Understanding the eligibility requirements and payment dates is crucial for effective financial planning. Understanding the Old Age Security (OAS) Program The Old Age Security (OAS) program is a federal initiative providing a monthly pension to Canadians … Read more
Canada needs to expand its economic reach and enhance its global competitiveness in light of potential U.S. tariffs, according to the country’s largest pension fund. If the 25% tariffs proposed by U.S. President Donald Trump come into effect, Canada must adopt proactive strategies to mitigate the impact. The Need for Economic Diversification Speaking at the … Read more
In response to the ongoing conflict in Ukraine, Canada has reaffirmed its commitment to supporting displaced Ukrainians and their families. The government has announced extensions to certain temporary measures, allowing those who arrived under the Canada-Ukraine Authorization for Emergency Travel (CUAET) to continue their stay with valid work and study permits. Extended Deadlines for … Read more
Canada’s social security system continues to evolve with regular adjustments to pension benefits. For 2025, the maximum benefit amounts and related figures for the Canada Pension Plan (CPP) and Old Age Security (OAS) have been updated to reflect economic changes and the ongoing enhancement initiatives. This detailed overview provides essential information on the new CPP … Read more
Immigration has long been a cornerstone of Canada’s economic development, serving as a vital mechanism to address evolving labor market needs. In a strategic move to align immigration with specific sectoral demands, the Honorable Marc Miller, Minister of Immigration, Refugees, and Citizenship, announced significant updates to the Express Entry system for 2025. These changes introduce … Read more
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
Canada’s government is rolling out the $1,306 Cost of Living Payment in 2025 as part of its effort to help low- and modest-income families cope with rising living expenses. This one-time payment is designed to supplement existing benefits and provide much-needed financial relief amid inflation and increasing costs of essential goods and services. This article … Read more
Speculation is mounting as economic pressures prompt discussions about a possible increase in Canada’s Goods and Services Tax (GST) in 2025. With the current federal GST rate set at 5%, any potential hike could have a direct impact on household expenses, especially for essential goods and services. This article outlines the context behind the proposed … Read more
