As November 2024 approaches, Quebec residents can anticipate several key benefits designed to support families, low-income individuals, and seniors. This article highlights five significant provincial benefits, including their payment dates, eligibility criteria, and amounts. 1. Family Allowance (Allocation Familiale) Quebec’s Family Allowance helps families with children under 18 by providing monthly financial support to cover Continue reading
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5 CRA Benefits Coming in November 2024: Payment Dates, Eligibility, and Amounts
This November, Canadians can look forward to several CRA benefits aimed at supporting seniors, families, and low-income individuals. Here’s a detailed overview of five key benefits scheduled for November, including eligibility, amounts, and payment dates. 1. Canada Child Benefit (CCB) The Canada Child Benefit (CCB) provides financial support to families raising children under the age Continue reading
CRA Extends Automatic Tax Filing Pilot to 2 Million Canadians This Year
Automatic tax filing services have been expanded to include thousands more Canadians as part of a national pilot project. On Tuesday, the Canada Revenue Agency (CRA) announced in a news release that over 500,000 eligible Canadians were invited in July to file their 2023 tax returns using the agency’s SimpleFile services, either by phone, online, Continue reading
Saskatchewan Minimum Wage set to Increase $15 per Hour, Still Lowest than other Canadian Provinces
Saskatchewan’s minimum wage is set to rise to $15 an hour on October 1, making it the lowest in the country alongside Alberta. Despite this seven-percent raise, the new wage remains $3.95 per hour short of meeting basic living expenses. Minister of Labour Relations and Workplace Safety, Don McMorris, highlighted the positive aspects of the Continue reading
$2,500 Upgraded Pension In Canada 2024: Who Will Get this?
In September 2024, Canadian senior citizens may see a significant boost in their pension benefits, with potential increases of up to $2,500. This article aims to clarify the current status of this anticipated upgrade, its eligibility criteria, and other relevant details. While no official confirmation is available yet, understanding the rumors and projections can help Continue reading
Daylight Saving Time Ends Soon in Canada: Everything You Need to Know
Daylight Saving Time (DST) will soon end in Canada, marking the moment when clocks are set back one hour to Standard Time, giving Canadians an extra hour of daylight in the mornings. Here’s a detailed look at how DST works in Canada, when it ends, and why we continue to observe it. What is Daylight Continue reading
Canadian Pension Plans Experience Strong Returns and Improved Stability in Q3 2024
Recent reports from TELUS Health provide optimistic insights for Canadian pension plans and their beneficiaries. Both the Pension Indices and Performance Universe reports highlight positive investment returns and enhanced stability for the third quarter of 2024. This trend suggests a promising outlook for the financial security of employees and retirees, benefiting the Canadian economy as Continue reading
Year-End Tax Planning Strategies for Retirees
After the last little ghosts and goblins leave your front door with their haul of candy tonight, we’ll be into the home stretch of the year. This is a great time to revisit your tax planning to ensure nothing gets left to the last minute. Here are some effective year-end strategies for retirees. 1. Split Continue reading
Ohio Farm Family’s Hidden Rare Dime Sells for $500,000 at Auction
Extraordinary Auction Result TOLEDO, Ohio – An extraordinarily rare dime has been sold for just over $500,000. This elusive coin, struck by the U.S. Mint in San Francisco in 1975, features a depiction of President Franklin D. Roosevelt and is one of only two known to exist without the distinctive “S” mint mark. Inheritance and Continue reading
Two-Thirds of Canadians Concerned About Retirement Savings, New Survey Reveals
It’s a common question, especially amid increasing financial pressures. With daily concerns often taking precedence, long-term retirement planning can easily be overlooked. Financial Anxiety Among Canadians A new survey from CPP Investments, conducted for Financial Literacy Month in November, reveals that 61% of Canadians fear running out of money in retirement. This anxiety is even Continue reading