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 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
