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Canadian Imperial Bank of Commerce (CIBC) has reached a settlement in a class action lawsuit that could mean compensation for certain customers. This lawsuit, involving millions of dollars, addresses allegations that CIBC failed to adequately pay employees for overtime work, resulting in violations of labor laws. If you are a CIBC employee or were impacted Continue reading

The Canada FPT deposit may have appeared in your bank account, leaving you wondering what it means and whether you qualify. These deposits are government payments aimed at providing financial support to Canadians through various tax credits and benefits. The “FPT” stands for Federal-Provincial/Territorial, signifying that the funds come from a collaboration between Canada’s federal Continue reading

The Canada Pension Plan (CPP) is one of the most important retirement, disability, and survivor income support programs for Canadians. In 2024, the CPP will see several updates, including new payment dates, enhanced disability benefits, and adjustments to contribution limits. This article will provide you with everything you need to know about the CPP in Continue reading

In 2024, there have been discussions about potential increases to the Old Age Security (OAS) payments for Canadian seniors, with rumors suggesting a significant boost of $1,400 per month. This has raised questions among seniors and their families about eligibility, the authenticity of this increase, and how to maximize their benefits. Let’s dive into what Continue reading

As Canadian seniors look toward retirement security, recent updates to the Canada Pension Plan (CPP) have been a topic of great interest. With a potential increase of up to $1,502 per month in CPP payments for those eligible, many seniors are eager to understand how this increase works, who qualifies, and when the payments will Continue reading

The Employment Insurance (EI) program is a key component of Canada’s social safety net, providing temporary financial assistance to individuals who are out of work or unable to work due to illness, maternity, parental leave, or other qualifying reasons. Each year, the maximum EI contribution is adjusted to reflect changes in the economy and wages. Continue reading

As the Canada Revenue Agency (CRA) gears up for October 2024, Canadians who rely on various government benefits are eager to know when their payments will be deposited. Whether you are receiving the Canada Child Benefit (CCB), the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit, or the Canada Workers Benefit (CWB), it is crucial Continue reading

Seniors across Canada eagerly anticipate their monthly Old Age Security (OAS) payments, which provide vital financial support during retirement. In October 2024, recipients can expect a payment of $1,029.86. This article provides comprehensive details about the OAS payment, eligibility criteria, and what you need to know to ensure you receive your benefits on time. Understanding Continue reading

The Old Age Security (OAS) program is a crucial source of income for many seniors in Canada. Knowing the payment dates for 2024 is essential for planning your finances effectively. In this article, we’ll cover the upcoming OAS payment dates, eligibility criteria, and what to do if you encounter any issues with your payments. Understanding Continue reading

If you receive financial assistance through the Ontario Trillium Benefit (OTB), you may occasionally receive a notice from the Canada Revenue Agency (CRA) regarding your benefits. This article will help you understand what an OTB notice is, why you receive it, and what actions you may need to take. What is the Ontario Trillium Benefit Continue reading