With living costs continuing to rise across Canada in 2025, the federal government is rolling out a series of enhanced support programs—one of the most significant being the Canada Disability Benefit (CDB). For eligible Canadians, this new benefit could mean up to \$2,400 annually, with the average expected to be around \$2,200 per year. Starting … Read more
As living expenses continue to rise across Canada, millions of residents are set to receive much-needed relief through the 2025 GST/HST Credit. The Canada Revenue Agency (CRA) has officially confirmed payment dates for next year, with eligible individuals receiving up to \$496 annually, distributed in four equal instalments throughout the year. This tax-free payment is … Read more
With grocery prices continuing to strain household budgets across Canada, the federal government has confirmed a timely financial boost for low- and modest-income residents. The Canada Grocery Rebate, set for August 2025, will see eligible individuals and families receive a one-time payment of up to \$234 — with higher amounts available for households with children. … Read more
For many Canadians, retirement planning feels complicated and overwhelming. Between stock market jargon, investment risks, and tax rules, it’s easy to put off making a long-term financial plan. But what if the path to becoming a tax-free millionaire was as simple as contributing a set amount every year and letting time do the rest? That’s … Read more
Families across Canada are about to see a welcome boost in their bank accounts this month, as the August 2025 Canada Child Benefit (CCB) payment arrives with updated, inflation-indexed amounts. With the rising cost of food, rent, childcare, and education, this tax-free benefit remains a vital source of financial support for millions of households raising … Read more
The retirement age debate is once again heating up in Canada in 2025, as policymakers weigh changes that could redefine when and how Canadians access their Canada Pension Plan (CPP) and Old Age Security (OAS) benefits. While the official retirement age remains at 65, new proposals under consideration suggest a gradual increase to 67 by … Read more
Starting August 2025, Canadian drivers aged 70 and above will see important changes to their driving license renewal process. The federal government is introducing these updates to strengthen road safety, ensure senior drivers remain physically and mentally fit to drive, and provide alternative mobility options for those who may no longer meet the required standards. … Read more
In recent weeks, talk of a \$2,500 payment for Canadian seniors has been making waves on social media and online forums. The claim suggests that all recipients of the Canada Pension Plan (CPP) and Old Age Security (OAS) will receive this lump sum in 2025. While such a payment would be a welcome boost amid … Read more
In 2025, Canadian seniors who qualify for the maximum payouts from three key federal programs — Old Age Security (OAS), Canada Pension Plan (CPP), and the Guaranteed Income Supplement (GIS) — could receive as much as \$3716 per month in retirement income. While the figure is eye-catching, it’s important to note that this amount isn’t … Read more
Canadian seniors could receive up to \$2,500 per month in retirement income in 2025 through a combination of the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). This combined amount represents one of the highest possible payouts under Canada’s public pension system — but reaching that figure requires meeting … Read more