Story by Jamie Golombek The tax-free savings amount (TFSA) contribution limit on Jan. 1, 2023, will finally increase by $500 to reach $6,500, marking the first time since 2019 that this limit has been increased. That’s because in 2015, the government announced the annual TFSA limit would be fixed at $5,000, indexed to inflation for each year...

The Government of Canada is committed to negotiating collective agreements that are fair for employees and reasonable for taxpayers.  However, bargaining groups representing approximately 159,000 public servants, including the 39,000 represented employees of the Agency, are in a legal strike position. These employees provide a range of services for the public. In the event of...

Last year, the Government of Canada put in place an economic response plan with unprecedented measures to meet the unprecedented challenge of the pandemic. The plan is working: Canada exceeded its goal of creating a million new jobs, well ahead of expectations; Canada has the second-fastest jobs recovery in the G7; and Canada has recouped...

Canada Revenue Agency offers the Community Volunteer Income Tax Program. The deadline to file your 2023 taxes is approaching and you might be considering getting help with your return. Well, the Canada Revenue Agency offers a service across Canada so you can get your taxes done for free. Here’s what you need to know about doing your Canada taxes with a free...

From: Department of Finance Canada Canada is on the road to economic recovery and employment is now back to pre-pandemic levels. This is thanks to the resilience of employers and hard work of Canadians. The government is making adjustments to pandemic income support programs to reflect the new phase of the recovery. The government is moving...