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Your daily horoscope: February 25, 2026

  IF TODAY IS YOUR BIRTHDAY What is your next big goal going to be? No doubt you have a few ideas but as mind planet Mercury turns retrograde on your birthday maybe you should stick with an old goal that for some reason you never quite reached. It still has massive potential. ARIES (March 21 - April 20): You may believe that you have thought of everything but could there be something important you have overlooked? Mercury’s retrograde phase begins today, which means you must check every last detail. Some things may not be what they seem. TAURUS (April 21 - May 21): A friend or co-worker will tell you exactly what you want to hear today, but as it is so exact you should be suspicious. The planets warn they could be playing games with you, either for selfish reasons or just for the fun of it. GEMINI (May 22 - June 21): You should know better than to be taken in by someone who has let you down before, so don’t be fooled by their promises that this time you can trust them. With Mercury...
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Unlocking Tax Benefits: A Guide for Parents in 2024

 


Whether your child is a newborn, working a part-time job, or considering applying to university, there are essential benefits and credits that parents should be aware of as tax season approaches. As a parent, understanding these opportunities can significantly impact your financial well-being. Let’s explore some key points:

1. Canada Child Benefit (CCB)

The Canada Child Benefit (CCB) is a tax-free monthly payment administered by the Canada Revenue Agency (CRA). It aims to assist eligible parents with the cost of raising children. Here’s what you need to know:

  • Maximum Benefit: For children under six, the maximum annual benefit is $7,437 ($619.75 per month). For children aged six to 17, it’s $6,275 ($522.91 per month).
  • Sign Up: Remember to sign up and apply for the CCB promptly, as there’s no retroactive payment. It begins once you’ve enrolled.

2. Childcare Expenses

Childcare costs can be substantial, but parents can claim certain expenses on their annual tax return. Here’s how it works:

  • General Amount: Parents can claim up to $8,000 for children under seven and $5,000 per child aged seven to 16.
  • Additional Amounts: Children with disabilities may qualify for additional amounts.
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