In Canada, the majority of people live a healthy and high quality life. Moreover, the Canadian Government provides various financial benefits to support the low-income families of the country. To know more about the financial situation of the Canadian citizens, it’s important to have knowledge about Canada’s Average middle class and Province Wise Income. Average … Read more
The Two-Child Benefit limit that was implemented in April 2017 in the United Kingdom is still a contentious issue that is being discussed. Within the scope of this policy, the financial help that is made available to families who are claiming benefits, such as Universal Credit and Child Tax Credit, is restricted to the first … Read more
The education that Canada provides ranks as one of the best educations in the world. Canadian students and international students pursue education from Canadian institutions. But as we know Canada is an expensive country with a good standard of living. Educational expenses can create a financial burden on the students and their families. That’s the … Read more
Amid the continuous crises caused by the rising cost of living in the United Kingdom, the Department of Work and Pensions (DWP) has been a key figure in giving financial assistance to families who are eligible for it. It is anticipated that the last instalment of 299, which is a component of a larger 900 … Read more
Every individual or a family wants to live a healthy and secured life. However, this year was really hard on low-income families. Inflation is rising and people with fixed or low incomes are facing financial hardship in maintaining a balance between their expenses and a healthy life. Amidst all this, the Department for Work and … Read more
The Goods and Services Tax /Harmonized Sales Tax Credit is a tax-free credit introduced by the government of Canada to support the low and moderate income families. The payment is usually made in January, April, July and October (once in three months). The GST/HST Credit aims at providing relaxation in the Goods and Services Tax. … Read more
Guaranteed Income Supplement (GIS) was designed to support the senior citizens of the country. It aims at providing financial assistance to low-income people of the country. It is a means-tested supplement focused on the income of the claimants. GIS tries to prevent the senior citizens from falling into poverty. The leading beneficiaries of the benefit … Read more
The Canadian Government initiated the Carbon Tax Rebate program in the various provinces. The main motive of this rebate program is to financially support the citizens of the country from the prices of Carbon pollution. It is a quarterly payment, provided to eligible families. Carbon Tax Rebate reimburses the funds directly to the houses collected … Read more
The Canada Revenue Agency (CRA) initiated the Canada Pension Plan (CPP) to financially support the elderly citizens of the country. It is a monthly taxable payment received by people who are 65 years old and above after their retirement. The Canadian government makes changes in the amount of CPP yearly to keep the amount indexed … Read more
In Canada, the Government has decided to increase the cost of living in 2024. In the Province, the Canadian government had decided to this change. On average, the Cost of Living is going to increase, up to 5.32%. But, to make it easier for the people to deal with the inflation, it is expected that … Read more