Finance

In a bid to support low-income families amid rising living costs and inflation, Canadian Prime Minister Justin Trudeau has reportedly announced a new financial assistance initiative for 2024. This new program is expected to provide eligible low-income families with a significant $928 payment. This article will delve into the details of this financial aid, including Continue reading

September 15 (Reuters) – Bank of Canada (BoC) Governor Tiff Macklem has hinted at the possibility of accelerating interest rate cuts, according to a recent Financial Times report. This development comes amidst growing concerns about Canada’s labor market and the potential impact of declining oil prices on the national economy. Concerns About Economic Stability In Continue reading

OAS is a critical federal benefit that helps seniors manage their living expenses in retirement. For immigrants to Canada, understanding the OAS program is crucial for long-term financial planning. Its universal nature, based on residency rather than work history, makes it especially important for those who have moved to Canada later in life. If you’re Continue reading

The government of Canada is releasing monthly benefits as part of the Ontario Trillium Benefit (OTB) Payment for September 2024. If you reside in Ontario, Canada, you may be eligible for this financial support. This article provides updated information on the Ontario Trillium Benefit Payment for 2024, including eligibility criteria, the application process, and payment Continue reading

It has just been announced that beneficiaries of the Old Age Security (OAS) program in Canada will receive an enhancement payment of $1,380 in September 2024. This initiative, led by Prime Minister Justin Trudeau, aims to provide essential financial support to seniors facing economic challenges. Below, you’ll find all the details about this significant enhancement. Continue reading

As September 2024 approaches, many Alaskan residents are eagerly anticipating their Permanent Fund Dividend (PFD) payments. This year, the Alaska Permanent Fund Dividend is set to provide up to $3,200 in stimulus payments to eligible citizens. If you’re a resident of Alaska and expect to receive this payment, this article will guide you through all Continue reading

In September 2024, a new $500 stimulus payment is being rolled out to offer much-needed support to residents in select U.S. states. This initiative primarily aims to assist individuals who continue to grapple with the long-term effects of COVID-19 and rising inflation. States like California, Michigan, New York, Washington, and New Mexico are at the Continue reading

Today, the first Express Entry draw of September for the Canadian Experience Class (CEC) issued 4,000 invitations to apply (ITAs) for permanent residency (PR). This draw specifically targeted profiles with a Comprehensive Ranking System (CRS) score of 509 or above, marking a 2-point rise in the cutoff score compared to the previous CEC draw. This Continue reading

Ontario drivers are in for some relief at the gas pumps this week as gas prices are expected to drop on Wednesday with the introduction of the winter blend of gasoline. This seasonal change, which occurs every year, usually leads to lower fuel costs as the fuel mixture shifts to one that is cheaper to Continue reading

As September 2024 approaches, Canadian seniors eagerly anticipate updates regarding their Old Age Security (OAS) payments. There has been considerable speculation about a $1250 monthly OAS payment, but what is the reality? This article will break down the facts, including the expected payment date, eligibility criteria, and recent updates from the Canada Revenue Agency (CRA). Continue reading