Most Canadians begin receiving monthly benefits under the Old Age Security program and CPP when they reach an advanced age. Under this government of Canada provided retirement benefits, those who have reached the age of 65 will begin to receive financial support. Among the residents of Canada, it is believed to be the biggest pension … Read more
Through the Old Age Security (OAS) Pension program, CRA is dedicated to handle a number of social welfare issues, including giving seniors financial help. This program offers monthly pension payments to Canadian residents 65 years of age and older to assist them in meeting their living expenditures. Keeping up with the availability of the $1200+$1200 … Read more
The Canadian Government announced the introduction of a Grocery Rebate as part of the 2023 Budget. Its primary purpose is to provide financial assistance to low and modest-income Canadians during rising living costs, especially for groceries. The Grocery Rebate was established under Bill C-46, known as the Cost of Living Act, No. 3, which received … Read more
Canada’s Federal Administration has set up the Canada Revenue Agency that looks at all national taxes and benefits. Several Provincial Administrations also rely on CRA (Canada Revenue Agency) to handle the benefit credits and taxes of the citizens. In general, people in Canada are served by the Federal, Provincial, and Territorial Administrations. Today, we are … Read more
The Guaranteed Income Supplement (GIS) provides additional financial support under the Old Age Security program for eligible Canadian seniors. These non-taxable monthly benefits are aimed at alleviating financial hardships for elderly individuals with low to moderate incomes. Here’s an overview of the Canada GIS Changes for 2024, including eligibility criteria and payment dates. Canada GIS … Read more
This article provides information on the Extra GST Payment 2024, including details on what it is, payment amounts, dates, and eligibility criteria. The Canada Revenue Agency (CRA) provides federal goods and services tax (GST) payments to Canadian taxpayers. In 2024, the CRA will deliver additional GST assistance to eligible taxpayers. These tax-free financial aid payments … Read more
Residents of Canada have received their July 2024 GST Credit payment, but the payment amount has changed. The Canada GST Increase Payment 2024 has been credited to accounts, with up to 10 business days for the payment to appear in some cases. This article provides information on the Canada GST Increase 2024 and how to … Read more
Low and moderate-income families and individuals in British Columbia are beginning to receive their climate action tax credits in their bank accounts. The Ministry of Finance reports that around two million families and individuals will benefit from these credits in the fiscal year 2024-25. Ministry of Finance Announces Payments for 2024-25 The automatic payments, which … Read more
The Ontario government has announced its intention to extend the gas and fuel tax rate cuts until December 31, 2024. Premier Doug Ford initially implemented these cuts, reducing the gas tax by 5.7 cents per litre and the fuel (diesel) tax by 5.3 cents per litre from July 1, 2022, to June 30, 2024. The … Read more
Ontario’s Investment in Healthcare Ontario is embarking on a significant endeavor to bolster its healthcare infrastructure. With a focus on connecting residents to primary care teams, the provincial government has allocated over $9.8 million. This investment targets up to 34,000 individuals in Simcoe, Bruce, and York Regions, part of a broader $110 million initiative aiming … Read more