In light of U.S. President-elect Donald Trump’s declaration to impose a 25% tariff on all Canadian imports upon taking office, Canada is poised to unveil its initial retaliation plan.…
The HOOPP (Healthcare of Ontario Pension Plan) is designed to offer reliable, secure income for retired members, and its pension increases are a key component of preserving purchasing power…
In 2025, approximately 1.2 million Canadian homeowners will face mortgage renewals, with many anticipating significant payment increases due to higher interest rates. This situation is causing concern among homeowners,…
In 2024, Canada implemented significant changes to its Alternative Minimum Tax (AMT) system, aiming to ensure that high-income individuals and trusts pay a fair share of taxes. These reforms…
Understanding Canada’s income tax brackets for 2025 is essential for effective financial planning. Canada’s progressive tax system ensures that higher earners pay a larger percentage of their income in…
In 2025, the Canada Pension Plan (CPP) will introduce enhancements that extend benefits to Canadian students, offering financial support during their academic pursuits. CPP Enhancements in 2025 The CPP…
Canadian employers are bracing for a significant rise in medical costs, with projections indicating a 7.4% increase in 2025, up from 5.0% in 2024. This escalation underscores the growing…
Canada workers will have the opportunity to claim up to $566 starting in January 2025. This is part of a new government initiative aimed at supporting individuals affected by…
TD Bank is facing a significant class action lawsuit in Canada, alleging the bank failed to properly compensate over 1,000 mobile mortgage specialists for vacation and public holiday pay…
In a move to provide financial relief to residents, the Ontario government has announced a $200 tax rebate for eligible individuals. This initiative aims to assist Ontarians in managing…
