Money

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How does your pay stack up against everyone else in Canada?

With the cost of living continuing to put pressure on Canadian wallets, it's easy to wonder whether your salary is keeping up. Rent, groceries, bills and pretty much everything else seem to cost more these days, so knowing how your income compares to the average can offer some perspective.

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Fall doesn't just bring cooler weather and pumpkin spice everything. For low-income workers across Canada, it also means another instalment of the Canada Workers Benefit landing in bank accounts. And depending on your situation, the total benefit can add up to well over $2,400 for the year.

Here's everything worth knowing before the money shows up.

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If you've got October 5 circled as your next GST/HST credit deposit, there's something you should know before it arrives: that program doesn't exist anymore, but what's replacing it pays out noticeably more.

Back in July, the Canada Revenue Agency (CRA) permanently retired the GST/HST credit and replaced it with a new program called the Canada Groceries and Essentials Benefit (CGEB).

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It's nearly fall, which means wedding season is close to wrapping up, and many budget-conscious Canadians are probably secretly thankful for the break from Saturday RSVPs and gift registries.

But if you're one of the newly engaged planning your own big day, or you've just spent a summer hopping between other people's weddings, a new survey from Wealthsimple has some numbers worth knowing, especially if you live in Quebec.

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There's a certain kind of dread that sets in watching your total climb at the self-checkout, while you wonder how a few bags of groceries somehow cost what a restaurant meal used to.

It's not just in your head, either. Grocery prices in Canada have climbed roughly 27% over the past five years, well ahead of general inflation. And while hefty prices on everyday items don't seem to be going away anytime soon, there's a wider list of tax-free groceries in Quebec than most people realize, plus a federal benefit a lot of people don't even know they're getting.

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The Canada Revenue Agency (CRA) wants to put money in your pocket, believe it or not. As of July 2026, the agency is holding onto 10,833,150 uncashed cheques worth a combined $1,878,270,000, and a fair number of them likely belong to people who have no idea they're owed anything at all.

The cheques consist of tax refunds, credits, and benefit payments that were issued and then, for one reason or another, never made it into anyone's bank account. Sometimes a cheque gets lost in the mail. Sometimes someone moves and forgets to update their address. Sometimes an old envelope just gets tossed in a drawer and forgotten entirely.

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Anyone receiving payments through the Quebec Pension Plan (QPP) has a deposit coming their way this month, and depending on your situation, it could be worth well over $2,000.

Retraite Québec issues QPP payments monthly, same as every other month, but the amount varies a lot from person to person based on a few key factors. Here's what determines your payment and when this month's deposit lands.

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Canadian seniors collecting Old Age Security can expect their August deposit later this month, and it's coming in at the higher rate that Service Canada rolled out back in July.

Service Canada adjusts OAS amounts four times a year, in January, April, July and October, to keep pace with the Consumer Price Index. The bump that took effect in July is still in play for August, since these quarterly rates hold steady for three months at a time.

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For most working Canadians, "good pay" gets measured against one number: $68,700, the average annual salary across the country, or roughly $1,333 a week (according to data from Statistics Canada via Boundless HQ).

Everything else tends to get judged relative to that baseline.

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Another month, another Canada Child Benefit deposit for Canadian families, and this one carries the bump that kicked in back in July.

The CCB is a monthly, tax-free payment issued by the Canada Revenue Agency to help parents manage the cost of raising kids, things like groceries, daycare, and school supplies. It's been around since 2016, when it replaced the old Universal Child Care Benefit, and today it's one of the most heavily relied-on federal supports for families across the country. Payments go out to parents of children under 18, with the exact amount shaped by household income, how many kids are in the family, and their ages.

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Canadians who had a Government of Canada online account in 2020 should pay attention this week. The claims portal for a major privacy breach settlement has just opened, and eligible claimants can now file for compensation worth up to $5,280.

The class action lawsuit originates from a series of credential-stuffing attacks that struck federal platforms between June 15 and August 30, 2020, targeting CRA My Account, My Service Canada Account, and other accounts accessed through GCKey.

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If you've got a salary review coming up sometime soon, there's some early data worth knowing about before you walk in. Consulting firm Normandin Beaudry just released the first preliminary forecast for salary increases across Canada in 2027, and the short version is that things are staying pretty steady.

More than 350 organizations took part in the survey, which ran over just three weeks. According to the results, the average salary increase budget for 2026 actually came in at 3.1%, a touch higher than the 3.0% originally forecast. For 2027, employers are expecting to hold that same pace, budgeting another 3.1% on average, not counting any salary freezes.

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