A new survey by H&R Block Canada has revealed that a significant portion of Canadian gig workers initially planned to underreport or entirely omit their gig economy earnings from their tax filings. However, a majority had a change of heart upon learning about newly implemented Canada Revenue Agency (CRA) rules that require digital platforms to … Read more
Canadian seniors are set to receive substantial financial support in March 2025 through the Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs. While there is no new $1,250 benefit, eligible seniors may receive payments exceeding this amount depending on their income level and marital status. The government has confirmed increases to these pensions, … Read more
For many Canadians, planning for retirement means finding ways to supplement Canada Pension Plan (CPP) benefits with additional income streams while minimizing taxes. One of the best ways to do this is by leveraging Tax-Free Savings Accounts (TFSA) to generate tax-free income, while also using smart strategies to maximize CPP payouts. With careful planning, retirees … Read more
Buying a home in Canada has become increasingly challenging due to rising prices and high interest rates. However, first-time home buyers can take advantage of two key financial tools—the First Home Savings Account (FHSA) and the Home Buyers’ Plan (HBP) via a Registered Retirement Savings Plan (RRSP). These programs offer tax advantages and help buyers … Read more
As Canadian homeowners navigate the ever-changing landscape of housing costs, it is essential to leverage available tax incentives to maximize savings. In 2025, several programs offer financial relief for first-time buyers, renovators, and those making accessibility improvements to their homes. Here’s a breakdown of the key tax incentives available this year. 1. Home Buyers’ Amount … Read more
As Canadians continue to navigate the economic landscape, government benefit payments remain an essential source of financial support for many families, seniors, and individuals with low incomes. This spring, several major benefits, including the Canada Child Benefit (CCB), Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit, Canada Pension Plan (CPP), and Old Age Security (OAS), … Read more
The Canadian government has officially approved the Canada Disability Benefit (CDB), a new financial assistance program aimed at helping low-income individuals with disabilities. Set to launch in July 2025, the program will provide up to CA$2,400 per year, or CA$200 per month, to eligible recipients. This initiative aims to alleviate financial hardship for working-age Canadians … Read more
Many Canadians may be carrying more than just pocket change—some $2 coins, particularly from the 19th century, have skyrocketed in value. A few of these rare coins have fetched over $27,000 at auctions, making them a treasure trove for collectors and enthusiasts alike. The $2 Coins That Could Make You Rich The valuable Canadian $2 … Read more
The Canada Revenue Agency (CRA) continues to provide financial support for parents through a variety of benefits. In 2025, eligible families can receive assistance through the Canada Child Benefit (CCB) and Employment Insurance (EI) maternity and parental benefits. These programs help parents manage the financial demands of raising a child while ensuring they receive adequate … Read more
The Canada Revenue Agency (CRA) provides financial support to eligible individuals and families through various benefits and credits. For February 2025, several key payments are scheduled, including the Canada Child Benefit (CCB), Old Age Security (OAS), Guaranteed Income Supplement (GIS), Canada Pension Plan (CPP), and other support programs. Here’s a detailed breakdown of the upcoming … Read more