The Ontario government has announced a new initiative aimed at helping seniors live independently and safely in their own homes for longer. The Community Access to Long-Term Care program will launch as a two-year pilot project at three locations, backed by a $15 million investment. This program is designed to expand access to long-term care Continue reading
Receiving Old Age Security? Watch for These 3 CRA Red Flags
As Canadians gear up to spend an average of $3,825 on summer travel in 2025, many retirees collecting Old Age Security (OAS) are planning for relaxation—not realizing they might be walking straight into costly tax traps. With the Canada Revenue Agency (CRA) stepping up its scrutiny of senior incomes, retirees with even slightly complex financial Continue reading
CRA Confirms $1,500 Housing Support for Renters See If You Qualify Today
As housing costs soar across Canada in 2025, the federal government has stepped up with a targeted response: a $1,500 tax-free one-time housing benefit aimed at low- and moderate-income renters. Administered by the Canada Revenue Agency (CRA), this initiative is part of the broader National Housing Strategy designed to ease the growing burden of rent Continue reading
Just 5% of Retirees Say They’re Living the Dream While 19% Call It a Nightmare 3 Key Lessons to Safeguard Your Retirement
For many Americans, retirement isn’t the carefree chapter it’s often imagined to be. In fact, according to the Schroders 2025 U.S. Retirement Survey, just 5% of retirees say they are “living the dream,” while 19% report they are “struggling” or “living the nightmare.” The rest fall somewhere in between — uncertain, unprepared, or uncomfortably surprised Continue reading
CRA Confirms $1,428 Quarterly Payments for 2025 Under Canada Workers Benefit Program
The Canada Workers Benefit (CWB) is a federal income supplement designed to provide ongoing financial support to Canadians earning a modest income. Unlike traditional tax credits that offer a single annual refund, the CWB issues quarterly advance payments, giving eligible workers access to timely cash flow throughout the year. In 2025, the Canada Revenue Agency Continue reading
Ontario Trillium Benefit Payment to Arrive Early on August 8
The Ontario Trillium Benefit (OTB) is getting a major boost in 2025—and the good news for thousands of Ontario residents is that the first payment is arriving early on August 8, 2025. Designed to support low- and moderate-income individuals and families, the OTB offers tax-free monthly payments to help offset rising costs for rent, energy Continue reading
Canada Disability Tax Credit 2025 CRA Confirms Refunds Up to $8,986
The Disability Tax Credit (DTC) in Canada is a crucial non-refundable tax benefit designed to reduce the financial burden on individuals living with severe and long-term disabilities. As of the 2025 tax year, changes to eligibility, refund amounts, and application processes have made it more important than ever to understand how to apply — and Continue reading
CRA Releases $500 Climate Action Payments Check Your Eligibility and Payment Schedule Today
The Canada Revenue Agency (CRA) has officially confirmed that eligible Canadians will receive a $500 Climate Action Incentive (CAI) Rebate starting October 15, 2025. This quarterly, tax-free payment is part of Canada’s strategy to ease the financial strain of carbon pricing, especially in provinces and communities most affected by high fuel and heating costs. Designed Continue reading
Canada to Reassess Retirement Age and Pension Policies in 2025
In 2025, Canada’s retirement age and pension policies are at the center of national attention. With an aging population and rising cost of living, the federal government is under growing pressure to rethink how retirement works in the country. Whether you’re a worker nearing retirement or someone decades away, these possible changes could significantly impact Continue reading
Canada’s $628 Rebate Coming August 2025 CRA Eligibility Details & Who Qualifies
With grocery prices continuing to rise across the country, the Canadian government is offering some relief to low- and modest-income households in the form of a one-time $628 Grocery Rebate. Rolled out by the Canada Revenue Agency (CRA), this tax-free payment is designed to soften the blow of food inflation and help Canadians stretch their Continue reading
