As rumors spread about a $3,900 pension being provided by the Canada Revenue Agency (CRA) in February 2025, it is important to address these claims and clarify the truth behind the numbers. While the government does offer financial assistance to seniors, the figure of $3,900 is inaccurate. This article will break down the facts surrounding … Read more
As Canadians eagerly await their Old Age Security (OAS) payments, a claim has surfaced suggesting that some recipients will receive a substantial payment of $2,650 in February 2025. Is this claim true? Let’s take a closer look at the facts and provide a clear understanding of what you can expect regarding your OAS payments in … Read more
For Canadians who have moved abroad, understanding how to receive and report Canada Pension Plan (CPP) benefits can be complex. Whether you’re retiring overseas or working in another country, you may still be eligible to receive CPP payments. This article outlines the application process, tax implications, and other essential details for non-residents of Canada. Applying … Read more
Canadian vehicle owners affected by faulty GM ignition switches have until June 6, 2025, to submit claims for compensation as part of the $12 million class-action settlement reached between General Motors and plaintiffs. The settlement addresses claims related to faulty ignition switches that could cause vehicles to turn off unexpectedly, potentially disabling critical safety features … Read more
The Canada Pension Plan (CPP) is a vital source of retirement income for millions of Canadians. As February 2025 approaches, many beneficiaries are wondering whether they will receive the maximum CPP benefit of $1,500 and when they can expect their payments. The Canadian government has confirmed that the maximum monthly CPP retirement benefit for those … Read more
The Government of Canada has introduced several significant changes to the Canada Pension Plan (CPP), set to take effect on January 1, 2025. These updates are designed to enhance financial support for contributors, retirees, survivors, and students, ensuring the pension system remains relevant to Canadians’ evolving needs. 1. New Monthly Benefits for Part-Time Students For … Read more
In a move that has sparked criticism from business groups, the Canada Revenue Agency (CRA) has indicated it will tax the $2.5 billion small business carbon tax rebate, despite an earlier announcement from Finance Minister Chrystia Freeland that the rebate would be tax-free. The decision has created uncertainty for small businesses, many of which were … Read more
The Canada Revenue Agency (CRA) is expanding its automatic tax filing services for the 2025 tax season, a move designed to simplify the process for individuals with lower or fixed incomes. With an estimated two million Canadians invited to participate in the enhanced SimpleFile program, the CRA aims to make tax filing more accessible and … Read more
Recent online discussions and social media posts have sparked curiosity about a supposed $2,400 Groceries Relief Payment from the Canadian government. With the rising cost of food, such financial assistance would be welcome news for many households. However, is this claim factual? Here’s what you need to know. No Official Announcement on a $2,400 Groceries … Read more
Stamps are more than just postage—they are pieces of history that hold significant value for collectors. Like rare coins and vintage player cards, stamps have a dedicated market where their prices can reach thousands of dollars. Among the most valuable are rare Canadian stamps, which showcase the country’s rich postal heritage. These stamps, some dating … Read more