As Canada enters 2025, the conversation surrounding retirement age and pension withdrawal rules has taken center stage. With an aging population, growing financial pressure on pension systems, and longer life expectancy, policymakers are actively discussing raising the retirement age from 65 to 67 by 2030. This article explores what’s driving these proposals, the specific changes being considered, and how Canadians of all Continue reading
Canada’s New Senior Driving Rules Explained – Are You Still Eligible To Drive After 70?
As Canada prepares for a demographic shift, new driving rules for seniors aged 70 and above are set to roll out across several provinces starting August 2025. These changes are part of a broader initiative to balance road safety with mobility for aging Canadians, sparking both praise and concern among older drivers and advocacy groups. Let’s break down exactly what’s changing, who Continue reading
CRA Confirms $179 GST/HST Credit – Check Your Eligibility And Payment Details Now
As Canadians continue to face rising expenses on basic needs, the Canada Revenue Agency (CRA) is providing targeted relief through the GST/HST credit, delivering up to $179 to qualified individuals. This tax-free quarterly benefit helps low- and moderate-income households offset costs related to goods and services tax (GST) or harmonized sales tax (HST) paid on essentials such as groceries and utilities. This article explains who qualifies, Continue reading
Canada Child Benefit Rises Again – See Your New August 2025 Payment
Starting August 2025, millions of Canadian families will receive higher monthly payments through the Canada Child Benefit (CCB), as the Canada Revenue Agency (CRA) adjusts benefit amounts to keep pace with inflation. With the rising cost of living, especially in areas like groceries, rent, and childcare, these updates are aimed at giving parents more financial support when they need it most. Whether you’re a Continue reading
2025 NRC Canada Research Associate Program – Who’s Eligible & How To Apply
Are you a recent Ph.D. or Master’s graduate in science or engineering looking to launch a high-impact research career? The 2025 NRC Canada Research Associate Program might be the breakthrough you’ve been waiting for. Designed for early-career researchers, this prestigious and fully-funded opportunity allows you to work on cutting-edge technologies at one of Canada’s most advanced research facilities — the National Research Continue reading
Canada’s $628 Grocery Rebate Coming In August 2025 – Eligibility, CRA Payout Details & What You Must Know
As the cost of living continues to rise, Canadian households are set to receive a one-time financial boost in August 2025. The Canada Grocery Rebate 2025, administered by the Canada Revenue Agency (CRA), aims to provide relief from grocery and essential living costs for low- and modest-income families. This tax-free rebate is designed to counteract the impact of inflation and ensure Continue reading
Top Banks Recognized For Community Impact – OCC Applauds CRA Excellence
The Office of the Comptroller of the Currency (OCC) recently released its latest list of banks that were checked for how well they follow the Community Reinvestment Act (CRA). This Act makes sure that banks give loans and financial help to low- and middle-income neighborhoods, not just rich areas. In this report, six banks were Continue reading
3 CRA Red Flags That Could Trigger Trouble When Withdrawing RRSPs In Retirement
Retirement planning often centers on Registered Retirement Savings Plans (RRSPs)—a proven way to defer taxes until you retire. But today’s retirement landscape is changing. Many Canadians continue working part-time into their senior years due to rising costs. This shift has triggered three key CRA red flags that could drastically increase your taxes or spark penalties if RRSP Continue reading
How Ontario Teachers’ Pension Plan Became a Leader in Centralized Trading
Canada’s pension system is considered one of the best in the world. One major reason is that many pension plans in Canada, including the Ontario Teachers’ Pension Plan (OTPP), manage investments internally. Instead of hiring outside firms, they use their own expert teams and advanced technology. This helps them save money, stay efficient, and protect Continue reading