As of May 2025, many Canadians are wondering whether the federal government will increase the upcoming July Grocery Rebate. Originally launched in 2023 as a one-time support to help with rising food prices, the rebate returned in 2024 and became a key part of the federal affordability strategy. Now, with inflation still straining household budgets, … Read more
Canada’s retirement income support system is anchored by three major federal programs—Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). These monthly benefits provide essential income to millions of Canadian seniors, ensuring financial stability and dignity in retirement. In this article, you’ll find all the latest updates for May 2025, including payment dates, benefit amounts, eligibility … Read more
In 2025, the Canadian government is rolling out financial assistance for vulnerable groups through two one-time payments: one for low-income renters and another for seniors aged 75 and older. These payments aim to ease the strain caused by rising living costs and affordability challenges, particularly in housing and for seniors on fixed retirement incomes. Let’s … Read more
The Canadian government has proposed a new $7,500 tax credit for 2025 to help working individuals and families deal with rising living costs. This move comes as part of a broader strategy to support middle-income earners, boost consumer spending, and provide direct income tax relief in Canada. If implemented, this tax credit could benefit millions of Canadians through either … Read more
The Ontario Trillium Benefit (OTB) is a vital source of financial assistance for Ontarians, helping to ease the impact of rising energy costs, property taxes, and everyday expenses. The next OTB payment will be made on May 9, 2025, and it provides significant support to low- and moderate-income households. This tax-free benefit is designed to … Read more
The Canadian government has announced a significant increase in retirement pensions for 2025, aiming to provide enhanced financial support to seniors. This adjustment addresses the rising cost of living and ensures that retirees have sufficient income to meet their basic needs. Understanding the 2025 Pension Increase In 2025, eligible Canadian retirees will see their monthly … Read more
In a continued effort to help seniors navigate the high cost of living, the Canada Revenue Agency (CRA) will distribute a one-time $2,350 payment in May 2025. This financial assistance targets low- and middle-income seniors who are particularly vulnerable to inflation and rising household costs. Here’s everything you need to know about the payment amount, eligibility requirements, and when you can expect … Read more
In an unexpected discovery, a 1995 Doubled Die Lincoln Cent was found tucked away in a school desk, now appraised at several thousand dollars. This remarkable find underscores the hidden treasures that can lie unnoticed in everyday places and highlights the significant value that rare error coins can hold for collectors. Understanding the 1995 Doubled … Read more
As May approaches, Ontario residents can look forward to another round of government benefits designed to ease the financial pressure from rising living costs. The Ontario Trillium Benefit (OTB) is one such payment that will be arriving in bank accounts next week. This benefit is aimed at helping cover expenses such as energy bills, property … Read more