Finance news

On August 4, the Canada Revenue Agency (CRA) finally opened the claims period for its multi-million-dollar class action settlement.A 2020 data breach affecting CRA and Service Canada online accounts had resulted in a major class action, and a settlement of $8.76 million was reached, with payments of up to $5,000 available to some claimants.Most Canadians will likely be looking at compensation of up to $80 or $200, with the larger payouts reserved for those who can document out-of-pocket losses r

One of the freedoms we get to enjoy as Canadians is tax freedom, which came on June 9 this year. You are now officially working for yourself and your family, and, as we celebrate our life in Canada, there could be future tax risks and rewards just around the corner.Aside from collecting taxes, the CRA administers the government’s economic, social, and income redistribution goals. That’s complex for everyone. People are motivated to file to get their tax refunds, but even people with

Chexy is synonymous with rewarding Canadians for everyday purchases, so why shouldn’t homeowners be rewarded for one of their biggest expenses? Chexy recently announced that homeowners can earn reward points for making mortgage payments. After signing up, you’ll earn 1 Aeroplan point for every $1 you spend on your mortgage. Since renewing mortgage payments have grown by an average of $375 a month this year alone, the reward points can pile up fast. All about the Chexy-Aerop