Due to rising inflation and changes in the cost-of-living, the government of Canada has decided to increase the wages of the people. However, the wages will differ according to the province. Each Province sets its hourly wage according to the inflation and quality of life. As cost-of-living is increasing, the Government of Canada is putting … Read more
Canada Disability Benefit was formed to provide financial backup to the disabled people with low-income. The CDB is identified as Charter Statement 22. On June 22, 2023, the Canadian government approved the bill. In late 2023, the CDB bill C-22 got a royal assent. The CRA administers the Canada Disability Benefit (CDB). CDB is a … 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
The Canada Revenue Agency (CRA) administers the Employment Insurance (EI) benefit program. The EI aims to provide financial support to people who have lost their jobs with no mistake of their own and are actively looking for a job. It includes people who have faced job termination, health issues, maternity and paternity needs and more. … Read more
GIC (Guaranteed Investment Certificate) is an investment plan introduced by the Canadian Government. It provides a guaranteed return on investment over a particular period of time. GICs provide a surety amongst the Canadian People to receive an amount with interest during the process. The investment ranges from 1 year to 5 years. However, according to … Read more
The fact that the age at which women are eligible to collect their state pension has been raised by five or six years has surprised a great number of women who had anticipated receiving their retirement at the age of sixty. As a consequence of this huge shift, the Women Against State Pension Inequality (WASPI) … Read more
Even if they have children, those who are receiving Universal Credit £1,739 from the Department of Work and Pensions in 2024; however, many of these tax breaks and programs are not generally known, and as a consequence, many parents are missing out on all of the advantages and support that the government provides to parents … Read more