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Millions of UK households who have gifted money to family and friends could face unexpected tax consequences, as HMRC warns about inheritance tax (IHT) liabilities on certain financial gifts. While gifting money to loved ones is common, failing to understand HMRC’s seven-year rule could leave recipients with a hefty tax bill if proper planning isn’t Continue reading

Toronto was hit with a historic snowstorm this past weekend, blanketing parts of the city with up to 23 centimetres of snow. If your property was affected, and you need snow removal services, the City of Toronto is now accepting requests for snow clearing at residential addresses. The announcement was made on the City’s official Continue reading

A Toronto strip mall, priced at an eye-catching $1, has been lingering on the real estate market for months, despite its promise of massive redevelopment potential. At first glance, the offer seems too good to be true, but the reality is far more complex than it appears. The property, located at 1635 Lawrence Avenue West, Continue reading

In a pivotal move, British Columbia’s provincial government has announced a notable increase in the minimum wage set to take effect on June 1, 2025. The Ministry of Labour has confirmed a $0.45 rise, bringing the hourly rate from $17.40 to $17.85. While this increase represents a relatively modest 2.6% boost, its significance lies in Continue reading

In a welcome financial boost for millions of Australians, Centrelink payments are set to rise in March 2025, ensuring income support keeps pace with inflation. Around five million pensioners and welfare recipients will see their payments increase as part of the government’s twice-yearly indexation adjustments. These changes will impact key payments, including: ✔️ Age Pension✔️ Continue reading

As the cost of housing continues to climb, many retirees are exploring shared homeownership as a way to afford living in prime locations. But for Age Pension recipients, the big question remains: Will co-owning a home affect pension entitlements? Robyn, a pensioner from country Victoria, is considering buying a house in Melbourne with her long-time Continue reading

With inflation and the rising cost of living stretching household budgets across Australia, many Centrelink recipients are set to receive a much-needed financial boost. As part of the government’s March 20 indexation adjustment, payments will be increased to help Australians keep pace with rising expenses. This automatic indexation—one of four key adjustments made each year—will Continue reading

In a long-anticipated move, the Reserve Bank of Australia (RBA) has cut interest rates for the first time since November 2020, joining other major global central banks in easing monetary policy. On Tuesday, the RBA reduced its benchmark rate by 25 basis points to 4.10%, marking a significant shift after a prolonged period of rate Continue reading

The UK Government has confirmed that local authorities in England have the power to change the eligibility age for free bus travel. This revelation comes in response to an online petition advocating for a reduction in the qualifying age to 60, similar to policies in Scotland, Wales, and Northern Ireland. The petition, which has gained Continue reading

Air fryers have become a kitchen essential for millions of households, offering a fast and cost-effective way to cook. However, their growing popularity has led to a surge in home insurance claims for fire damage, prompting insurer Aviva to issue a stark warning to homeowners. According to Aviva, four out of five air fryer users Continue reading