The term ‘Minimum Wage’ is described as the lowest amount an employer can pay to its employee for work on an hourly basis. The federal government or the government of the relevant jurisdiction set this amount once or twice a year. The increase in minimum wages in the country are implemented to keep up with … Read more
There are rumors about the $2600 Monthly OAS pension payment coming for the Canadian senior citizens in 2024. It is supposed to be an additional payment for the Old Age Pensioners and Guaranteed Income Supplement receivers. But as of now the Canada Revenue Agency has not confirmed the payment and there is no credible information … Read more
The Canada Revenue Agency is giving out the Guaranteed Income Supplement to Canadian residents. This GIS amount is paid apart from the Old Age Security amount to eligible senior citizens. But every three months, the agency makes certain changes in the GIS amounts so that the seniors can have inflation-adjusted federal benefits from the Canadian … Read more
The South African Social Security Agency runs a number of grants that are responsible to provide a financial support to the needy citizens. The foremost reason behind these grants is to assist the low-income individuals and their families who are affected by inflation and rising cost of living in the country. To keep up with … Read more
Established in 1965, the Canada Pension Plan (CPP) provides the monthly pension income to the contributors and their families of the country. The Canada Pension Plan payments are received by the eligible candidates who are retired or have any disability. It is received in all parts of the country except for the Quebec. The province … Read more
If you are living in a rented property in one of the provinces or territories of Canada, then you must be aware of the expected rent increase in 2024. The citizens living in Ontario, British Columbia, Alberta, Nova Scotia, New Brunswick, Newfoundland and Labrador can expect an increase in rents in 2024. As you all … Read more
The Internal Revenue Service provides 30% federal tax credit in 2024. This tax credit is provided to the U.S. households who meet the eligibility criteria set by the agency. If you own a house for residency purpose and have made energy efficient improvements, you will be getting 30% reduction in the taxes on the amount … Read more
The Social Security Administration provides medical healthcare coverage to citizens who are 65 years of age or older. This Medicare program has two parts that determine the type of services you will be getting access to. If you are enrolled under part A of Medicare you will not need to pay for the hospitalization. But … Read more
On the 5th of July 2024, all the Canadian residents will be getting a Goods and Service Tax credits for the income supplement provided by the Canada Revenue Agency. The implementation and execution will be planned by the CRA while the funding will be looked after by the federal government of Canada. If you are … Read more
If you have just started working under an employer in Australia, then you must be aware of the Australia Superannuation System which is considered as the most effective way for your retirement saving. Superannuation which in short-term can be referred as Super is a major retirement saving system that most people use in Australia. In … Read more