The Canadian residents of some particular provinces will be getting the second amount of Canada Carbon Rebate in July 2024. The residents who receive federal fuel charges will be receiving the carbon rebate in July. The maximum amount for a family of four through the carbon rebate will be around $1800 as a quarterly payment … Read more
If you are among the citizens who are unsure whether pensions are taxed, then the answer is simple: yes, the pensions are taxed. The retired seniors in Canada rely on two of the major financial programs as a source of income in their retirement age. The Canada Revenue Agency (CRA) provides the retirement benefits to … 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
If you are among the citizens who are unsure whether pensions are taxed, then the answer is simple: yes, the pensions are taxed. The retired seniors in Canada rely on two of the major financial programs as a source of income in their retirement age. The Canada Revenue Agency (CRA) provides the retirement benefits to … 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
As June has ended, the Old Age Security beneficiaries are awaiting the next payment for August. The OAS is one of the two major financial support programs run by the Canada Revenue Agency (CRA) while the other is the Canada Pension Plan (CPP). OAS is responsible for providing monthly aid to eligible citizens to guarantee … 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 your child is awarded Disability Living Allowances (DLA), then you might be eligible for certain benefits under the Universal Credit. For instance, disabled child element is considered as an extra amount that will be provided under your child tax credit program. The disabled child element will be provided to the child in case of … Read more
If you have a long term physical or mental health condition or any disability and are having difficulty in doing certain everyday tasks, then you can apply for the Personal Independence Payment (PIP). The PIP is categorized into two parts which are; (i) a daily living part if you need help with daily living tasks … Read more
The Canada Revenue Agency (CRA) oversees the financial aid that is provided to the senior citizens of the country on a monthly basis as an Old Age Security (OAS). Due to the high inflation and rising cost of living, the CRA is proposing a double benefit for the eligible citizens and will provide a $900+$1,300 … Read more