Finance

As the holiday season approaches, it’s important for Australians receiving Centrelink payments to plan ahead. Centrelink has adjusted reporting and payment dates to accommodate the Christmas and New Year closures. Here’s a comprehensive guide to ensure you don’t miss your payments or need-to-know updates. Centrelink Holiday Closure Dates Centrelink offices and phone lines will be Continue reading

Australia’s high-income earners, once considered financially secure, are grappling with soaring mortgage repayments and living costs due to relentless interest rate hikes. Even those earning upwards of $400,000 annually are feeling the strain, with many turning to drastic measures such as downsizing, moving in with family, or cutting expenses to stay afloat. The Impact of Continue reading

Australians have been urged to stay vigilant against fraudulent claims of a $600 “cost-of-living cash bonus” targeting Centrelink recipients. These scams, often disguised as government announcements, are spreading rapidly online, preying on those seeking financial support amid rising living costs. The Truth Behind the $600 Cash Bonus Claim Websites and social media posts have falsely Continue reading

Tax season is right around the corner, and if you’re a low-income earner in Canada, you could benefit from the Canada Workers Benefit (CWB). This financial aid program is designed to help individuals and families who are struggling to make ends meet. Read on to learn more about the CWB, how much you could receive, Continue reading

The Old Age Security (OAS) pension is a cornerstone of senior benefits in Canada, offering critical financial support to millions. As we look ahead to 2025, it’s essential to understand how OAS is evolving to meet the needs of retirees. This article explores key updates, including payment amounts, schedules, eligibility, and additional benefits. 2025 Payment Continue reading

The Canada Revenue Agency (CRA) administers numerous assistance programs, one of which is the Canada Child Benefit (CCB). This financial support is designed for families with children under 18. To keep beneficiaries informed, the CRA issues a CCB Notice, providing detailed information about payment amounts, eligibility, and potential adjustments. Let’s dive into what this notice Continue reading

The GST/HST Credit helps low to moderate-income households in Canada by providing tax-free quarterly payments. These payments are designed to offset the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) paid on various goods and services. Thanks to the GST/HST credit, eligible taxpayers can get a portion of the taxes they’ve paid Continue reading

The Canada Pension Plan (CPP) plays a crucial role in providing financial security to retirees across Canada. In response to inflationary pressures, the Canadian government has announced a 2.6% increase in CPP payments, set to take effect in January 2025. This increase will benefit retirees, helping them manage the rising costs of living, such as Continue reading

Junior medical doctors (JMDs) employed in the NSW public health system have secured a significant $229.8 million settlement in a class action addressing claims of widespread underpayment. The settlement, inclusive of legal and administrative costs, was approved by the Supreme Court of New South Wales on 20 September 2024, with Justice Garling declaring the agreement Continue reading

Grubhub, one of the most popular food delivery services in the U.S., has agreed to a $25 million settlement to resolve a Federal Trade Commission (FTC) lawsuit accusing the company of misleading customers, drivers, and restaurants. The settlement marks a significant shift in how Grubhub will operate moving forward, requiring substantial changes to its platform Continue reading