Canada & US Financial Benefits Hub
In Canada, the Old Age Security (OAS) pension is a core retirement benefit that is received by seniors 65 years of age or older. If you have a high income, the federal government may reduce your OAS payments through a recovery tax referred to as the OAS clawback. Please note that these clawback rules and … Read more
As we move into April 2026, it is important to have an understanding of the changes to the Canada Pension Plan (CPP) that will affect both employees and self-employed individuals alike. For 2026, the CRA has updated their Maximum CPP Contribution Rates 2026 to reflect the change in the national average wage level and the … Read more
What is a GIC in Canada? In Canada, you can invest in a GIC (Guaranteed Investment Certificate), which is a low-risk investment that allows you to provide a bank or other financial institution with a loan for a predetermined period. For example, this could be a 6-month, 1-year, 2-year, 5-year or 10-year loan. When you … Read more
With Canadians having more debt than ever, it’s a common question if there is any Canadian Debt Relief 2026. More Canadians than ever before are now experiencing debt-related issues. The reason for this increase in the number of Canadians facing financial challenges include: a higher than average interest rate; rising costs for everyday living, such … Read more
Loans vs Grants in Canada is one of the most searched financial topics among students, small business owners, and low-income families. Financing your goals, which may include starting a business, pursuing education, or improving your home can be done with the aid of two important financial options, and these are grants and loans. In case … Read more
Renewal of Mortgages in 2026 could have a major impact on your monthly budget and long-term financial goals. With interest rates still changing, homeowners who plan carefully during by following 5 tips for mortgage renewal in 2026 may save thousands of dollars in interest over the life of their loan. Many Canadians just sign their … Read more
Running a business requires ongoing consideration of financial stability. “Are my business funds safe?” is a concern that often arises while handling payroll, storing client payments, or setting aside money for growth. Canada’s response to that question is CDIC insurance. So if your financial institution fails, the Canada Deposit Insurance Corporation (CDIC) automatically protects eligible … Read more
Ontario’s real estate market has been a key player in Canada’s economy, featuring substantial change and variation throughout the years and providing some challenges due to the price fluctuation that happens periodically in terms of real estate prices and interest rates. If you are thinking of buying a home, refinancing, or renewing your mortgage in … Read more
Shoppers will always be worried when a large-scale product recall takes place, especially for major retailers like Costco. In April 2026 the Canadian division of Costco announced a nationwide product recall of a popular gluten-free pizza kit, due to a potential mould issue, and started giving full refunds to all customers affected by the recall. … Read more
If you owe money to the Canada Revenue Agency (CRA) and are concerned about losing your home, you are not the only one facing this issue. The good news is that there are many legal and practical means to Settle CRA Debt Without Risking Your Home. Knowing your options and taking steps to plan ahead … Read more