Introduction On February 1, 2025, the Canadian government announced a decisive response to the U.S. administration’s new tariffs on Canadian goods. In a move to protect Canadian industries and workers, Finance Minister Dominic LeBlanc and Foreign Affairs Minister Mélanie Joly revealed a $155 billion tariff package targeting American imports. These countermeasures aim to counteract the […]

Introduction In 2025, Canada’s mortgage landscape is shifting due to the Bank of Canada’s (BoC) recent monetary policy adjustments. Whether you’re a first-time homebuyer or looking to refinance, understanding the latest Bank Interest Rates, Canada, and Revised Rates on Mortgage is crucial. This guide explores the current mortgage rates, the impact of BoC’s rate cuts,

The Canada Pension Plan (CPP) is undergoing another enhancement in 2025, known as CPP2. If you’re an employee, employer, or self-employed individual, it’s important to understand how this affects your contributions, paycheck, and future retirement benefits. Starting in 2025, the maximum CPP2 contribution will be: If you earn more than $71,300, you will contribute an

What Is the Canada Child Benefit (CCB)? Key Features of the CCB: The Canada Child Benefit (CCB) is a tax-free monthly payment provided by the Government of Canada to support families raising children under 18 years old. It helps cover essential costs like food, housing, childcare, and education. The benefit is income-based, meaning lower-income families

End-of-Year Financial Checklist for Canadians: Maximize Your Tax Savings Before December 31st As the year winds down, it’s time to review essential financial tasks that can significantly impact your taxes and savings. These strategies, tailored for Canadian taxpayers, ensure you don’t leave money on the table. Whether you’re a seasoned investor or new to managing

The new year is around the corner, and with it come several important tax changes in Canada. From increased savings limits to adjustments in contribution plans, understanding these updates will help you plan your finances effectively. In this detailed guide, we’ll break down the key changes for 2025 and explore how they impact your savings,