Finance

If you’ve paid taxes on income earned outside of Canada, the Federal Foreign Tax Credit could help you reduce your Canadian tax burden. This guide will walk you through everything you need to know about eligibility, conversion rates, documentation, and how to claim this valuable credit. What is the FTC Tax Credit in Canada? FTC Continue reading

Canadian TFSA (Tax-Free Savings Account) investors are in for great news! The government has announced an increase in the annual contribution limit for 2025, rising by $7,000. This boost brings the total cumulative contribution room for Canadians born before 1991 to a staggering $102,000. Maximize Tax-Free Investment Growth in a TFSA While $7,000 may not Continue reading

Retirement savings can feel like a daunting task, but the Australian Government has introduced an incentive program that offers a financial boost for eligible individuals. By making personal contributions to your superannuation fund, you could receive up to $1,500 at no extra cost to you. Here’s a detailed guide to understanding the superannuation co-contribution scheme, Continue reading

If you own a smartphone, computer, or other electronic devices, you may be eligible to participate in two proposed class-action settlements in Canada. These settlements address allegations of price fixing related to linear resistors, a crucial electronic component used in many household and personal items. What Are Linear Resistors? A linear resistor is an essential Continue reading

As Christmas and New Year approach, many UK households are meticulously planning their budgets. For those receiving benefits, understanding adjusted payment dates is essential to ensure smooth financial management during the holidays. The Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) adjust benefit payment schedules around public holidays to ensure claimants Continue reading

The holiday season brings welcome financial relief for millions of state pensioners across the UK, with bonus payments of up to £310 arriving in bank accounts. The government’s winter support initiatives aim to ease the burden on the hardest-hit pensioners, delivering a much-needed boost during December. Winter Fuel Payment: Up to £300 for Eligible Pensioners Continue reading

Canadian families should prepare for higher grocery expenses in 2025, with the annual Canada Food Price Report forecasting a significant rise in food costs. A family of four could see their annual grocery bill climb by as much as $800, driven by factors such as a weaker Canadian dollar and the ongoing impacts of climate Continue reading

The recent release of a report by the Chief Actuary of Canada has brought clarity to Alberta’s potential entitlement if the province were to separate from the Canada Pension Plan (CPP). Contrary to earlier claims by a report commissioned by the United Conservative Party (UCP) government, Alberta would not be entitled to the 53% of Continue reading

As 2025 begins, millions of Canadians are set to receive essential government payments, including retirement benefits, child benefits, and tax credits. Here’s a detailed breakdown of the benefits available in the first quarter, who qualifies, and when to expect them. Canadian Pension Plan (CPP): Support for Seniors The Canada Pension Plan (CPP) provides financial security Continue reading