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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

As of April 1, 2024, the federal minimum wage in Canada is set to increase from $16.65 to $17.30 per hour. This adjustment aims to keep pace with inflation, benefiting approximately 30,000 Canadian workers in federally regulated sectors. The federal minimum wage applies to various industries, including banking, postal and courier services, interprovincial air, rail, … Read more

You should consider reading this post for a detailed explanation of Pension Boost Canada: Expected CPP and OAS Pension Increase in July 2024. Pension Boost Canada The Canadian government offers several programs to address the main concerns of retirees: health and pensions. Your payments under the Old Age Security (OAS) and Canada Pension Plan (CPP) … Read more