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
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 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
As February 2025 approaches, Canadian seniors are preparing to receive significant support through key federal benefits designed to assist them during their retirement years. Eligible seniors could receive up to $2,400 this month, combining payments from the Canada Pension Plan (CPP) and Old Age Security (OAS). These programs serve as essential financial lifelines, helping seniors … Read more