In 2025, seniors can see a significant increase in their Old Age Security Pension 2025. The OAS amount will be as per the new changes in the inflation rates and living costs in the country from January 2025 on. Due to the quarterly revision of the OAS Payments, January to March, April to June, July … Read more
The Government of Canada plans to increase the Canada Pension Plan Payment in 2025. Canada Pension Plan is a vital financial support structure for seniors living in Canada, helping them with a steady income source after retirement. It becomes quite challenging for retired people to meet the expenses as they are no longer working. The … Read more
The Canadian government’s Canada Grocery Rebate program aims to give low-income earners and their families access to decent food at a reasonable cost. The rise makes it harder for people to handle their money and keep up with increasing food prices. In light of this, the federal administration offers the people a one-time Canada Grocery Rebate … Read more
The citizens of canada will receive a one-time payment of $430 from the power in December 2024 as part of the Canada Housing Benefit Program from CRA. Helping low-income families and rent-paying people is the primary goal of this initiative. In many Canadian regions, the cost of housing has risen significantly, making it more difficult … Read more
Between June 27, 2019, and September 30, 2022, clients who were unfairly charged overdraft fees were eligible to receive compensation under the Canada TD Bank Class Action Settlement. The $32.2 million settlement deals with instances in which overdraft penalties were assessed on transactions that were approved under positive account balances but settled when balances were … Read more
With the fast urbanization, the cost of living in the country has been growing constantly. The middle class income for single residents residing in Canada ranges from $32,000 to $91,000 yearly. Based on the income survey conducted by Statistics Canada in 2024, the median income in Canada is $68,400 after taxes. Because of the Covid-19 … Read more
The Canada Revenue Agency provides the Guaranteed Income Supplement 2025 to low-income beneficiaries and families. The amount of your GIS payment is determined by your income from the prior year, excluding the OAS pension. The government will provide the payment after reviewing your tax records. You can be eligible for a larger GIS payment if … Read more
The Canadian Government provides the CPP, OAS, and GIS every month to eligible Canadians. Seniors in Canada are eager to learn more about the potential big changes in CPP, OAS, and GIS Pension in January 2025 as 2025 approaches. These programs are crucial for retirement income and provide financial security to millions of pensioners. Starting … Read more
The increased minimum hourly pay of $23.86 is a positive growth for ECE and primary school educators in Ontario. It will be applicable from next year; this rate will be implemented to draw more professionals to the childcare industry. It is exclusively applicable to Registered Early Childhood Educators. To attract more individuals to the profession, … Read more
After committing to a $15 minimum wage in 2015, Alberta will be the primary state or state in North America to do so. Through four annual hikes, the minimum wage increased from $10.20 in 2014 to $15.00 by 2018. The article provides a broader perspective on the implications of these minimum wage hikes, focusing on … Read more