Scarlett The Canada Pension Plan (CPP) is a way to earn additional supplemental income and is a program that millions of people benefit from. The Government of Canada has launched this Canada Pension Plan to provide a guaranteed income to people to manage their expenses. Due to inflation, most people are in financial need and require … Read more
Canadians have benefited greatly from the efforts of the Department of Employment and Social Development and the Canada Revenue Agency (CRA). Among them is OAS, which guarantees benefits as shown in the CPP. For seniors, a pension plan like this encourages financial stability. This article talks about $2250 OAS Increase June 2024 BIG NEWS. For … Read more
Bill C-22 became a law in 2023, known by another name, the Canada Disability Benefit, the program will give low-income disabled Canadians of working age financial assistance. Disability campaigners are celebrating the measure, despite the lack of information regarding eligibility requirements and benefit amounts. Its passing comes at opportune time: Canadians with disabilities are currently … Read more
Applying to the majority of products and services sold in Canada, the Goods and Services Tax (GST) is a value-added tax. The two-stage hike planned in the federal budget would raise Canada’s GST rate, which is now 5%, to 9% on January 1, 2024. Along with the government’s revenue and expenditures, this move will have … Read more
The rise in the consumer price index will result in a 4.4 per cent increase in the amount of CPP payments that are provided at the start of 2024. The Consumer Price Index or CPI is mainly used for modifying the CPP payment in 2024. The average cost of living for the residents in the … Read more
In Canada, the Old Age Security (OAS) program form the foundation of the retirement income system. For those who have been residents of Canada for 10 years or more after the age of 18, it comprises a basic pension that is payable to nearly all individuals 65 and over. Depending on how long you stay … Read more
We are not able to do saving because prices for everything are going up, even food and petrol. The new Canada Grocery Rebate Bill may give you some rebate The Cost of Living Act, No. 3 (also known as Bill C-46), according to the Federal Government, has been approved for new initiatives to assist public … Read more