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5 Things Every Canadian Should Know About Their Money Today

From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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CMA Advocates for End to Sick Note Requirements: A Step Towards Better Healthcare Efficiency

 

The Canadian Medical Association (CMA) has recently called for the elimination of sick note requirements by employers for short-term minor illnesses. This move aims to reduce the administrative burden on physicians and improve patient care. According to the CMA, the current practice of requiring sick notes for minor illnesses diverts valuable time and resources away from patient care, creating unnecessary strain on the healthcare system.

In a new position paper, the CMA recommends legislative changes to restrict the requirement for sick notes and promote alternatives such as self-certification and flexible leave policies. These changes are expected to enhance healthcare efficiency by preventing millions of unnecessary healthcare interactions annually.

The CMA’s call for action highlights the need for a more streamlined approach to managing minor illnesses in the workplace, ultimately benefiting both employees and the healthcare system.


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