Kathy Hilton

Starting October 2024, Canadians aged 65 and older will receive $713.34 per month from the Old Age Security (OAS) pension. This increase aims to assist retirees in managing the rising living expenses. In this article, we’ll cover important details regarding eligibility, payment dates, and tips to maximize your OAS benefits. Payment Dates for October 2024 Continue reading

Recently, there have been claims regarding $2,800 + $1,500 monthly payments for seniors in Canada, which would combine Old Age Security (OAS) and Guaranteed Income Supplement (GIS) benefits. However, the Canada Revenue Agency (CRA) has not confirmed any such payment structure. Despite rumors, the payment amounts for OAS and GIS remain consistent, and the CRA Continue reading

Canadians can access employment insurance benefits from the Canada Revenue Agency (CRA) during unemployment or while searching for new jobs. If you are struggling to find employment, the CRA offers weekly employment insurance (EI) payments to eligible candidates. Currently, beneficiaries are receiving $650 weekly, and this article provides detailed information about the $650 CRA Weekly Continue reading

This year brings exciting news for Canada Pension Plan (CPP) claimants. In 2024, eligible CPP contributors will benefit from a $1600 tax credit. Yes, you read that correctly! This tax credit is designed to alleviate some of the tax burdens on Canadian citizens who have contributed to the CPP. Let’s dive into all the details Continue reading

The Canada Pension Plan (CPP) is a crucial component of Canada’s retirement income system, designed to provide financial assistance to retirees, individuals with disabilities, and surviving family members. However, an increasing number of Canadians are choosing to work beyond the traditional retirement age or return to work after beginning their CPP payments. If you find Continue reading

At present, no official announcement confirms this figure. The CPP, which provides financial assistance to retired individuals, disabled persons, and eligible survivors, remains one of the most important pillars of Canada’s social safety net. However, the current maximum benefits are far below the rumored $4,200/month. Let’s break down what’s real, what’s a rumor, and how Continue reading

Snap Inc., the parent company of the popular social media platform Snapchat is set to pay a substantial $35 million to Illinois residents following a legal dispute. This article provides a comprehensive overview of the settlement, including details about the lawsuit, eligibility criteria, and what you can expect if you are impacted. Background of the Continue reading

Many Australian families with low or fixed incomes face significant challenges managing their monthly expenses. In response to these financial pressures, the Australian Government has introduced the $211 Fortnightly Family Tax Benefit (FTB) for 2024. This initiative aims to provide much-needed financial support to families raising dependent children. Here’s a comprehensive guide on the Family Continue reading

Navigating through airports can be a stressful experience, but a comfortable and relaxing airport lounge can make all the difference. One of the easiest and most affordable ways to access an airport lounge is with a credit card that offers complimentary airport lounge passes. But which travel credit cards in Canada include airport lounge passes, Continue reading