The Canada Revenue Agency (CRA) recently notified 450 of its temporary employees that their contracts will not be extended beyond March. This news comes as part of the agency’s ongoing effort to ensure sustainable operations while aligning with the Canadian government’s priorities. Etienne Biram, a spokesperson for CRA, confirmed that the agency routinely assesses its … Read more
In a significant escalation of trade tensions, the United States, under President Donald Trump, imposed a 25% tariff on all steel and aluminum imports, including those from Canada, effective March 12, 2025. This move prompted swift and decisive retaliation from Canada, aiming to protect its economic interests and assert its sovereignty. Canada’s Retaliatory Measures On … Read more
The Old Age Security (OAS) program plays a vital role in Canada’s pension system, offering monthly financial assistance to seniors to help cover living expenses. Recently, rumors about a $2,254 OAS payment in March 2025 have sparked interest among Canadian seniors. This article will clarify the eligibility criteria, payment amounts, and whether this specific payment … Read more
Planning for retirement is essential for securing your financial future, and one crucial aspect of that planning is understanding the Canada Pension Plan (CPP). For those nearing retirement, it’s important to explore the potential of receiving $1,300 CPP payments in 2025. In this guide, we’ll explore the history of the CPP, recent changes, eligibility criteria, … Read more
The claim that Canadian seniors will receive a one-time $2,700 payment in March 2025 is false. While the government provides financial aid through Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and the Canada Pension Plan (CPP), there has been no announcement regarding a lump-sum payment of this amount. Key Facts at a Glance … Read more
The Canada Revenue Agency (CRA) is expected to issue a double payment of $1,700 + $650 in March 2025, offering essential financial support to eligible seniors, low-income individuals, and families. Understanding the eligibility requirements, payment dates, and application process will help recipients maximize their benefits and avoid delays. Overview of the $1,700 + $650 CRA … Read more
As March 2025 approaches, Canadians anticipating federal and provincial assistance programs should be aware of upcoming payment dates and eligibility criteria. Timely knowledge of these details ensures effective financial planning, especially for those relying on the Canada Child Benefit (CCB), Canada Pension Plan (CPP), Old Age Security (OAS), and the Ontario Disability Support Program (ODSP). … Read more
The Canada Pension Plan (CPP) Survivor’s Pension is a financial assistance program for surviving spouses or common-law partners of deceased CPP contributors. In 2025, the benefit amount has increased, offering greater financial security for those in need. This guide explains who qualifies, how much survivors can receive, the application process, and key financial planning tips … Read more
In March 2025, Canada conducted two significant Express Entry draws, issuing a total of 5,225 Invitations to Apply (ITAs) for permanent residency. These draws underscore Canada’s dedication to attracting skilled individuals to bolster its economic growth and cultural diversity. Breakdown of the March 2025 Express Entry Draws French Language Proficiency Draw This draw specifically targeted … Read more
The Canadian tax system offers various tax credits and deductions to ease the financial burden on students. With changes implemented in 2025 under the new Canadian Prime Minister, staying informed about available benefits is crucial. Taking advantage of these credits can help reduce student loans, lower educational expenses, and save money. This guide outlines all … Read more