The Canada Pension Plan (CPP) is a federal program run by the Canada Revenue Agency (CRA). It was launched by the Canadian government to assist the individuals and their families financially at the time of disability, retirement or in case of death of head of the household. The CPP payments are provided on a monthly … Read more
The Social Security Administration (SSA) runs various financial assistance programs like Supplemental Social Income (SSI), Social Security Disability Insurance (SSDI) and Veterans’ Affairs (VA) benefits. The main aim of SSA behind these programs is to provide a financial support to the eligible retired seniors, people with any disability and to the widowers or survivors. The … Read more
If you are living in a rented property in one of the provinces or territories of Canada, then you must be aware of the expected rent increase in 2024. The citizens living in Ontario, British Columbia, Alberta, Nova Scotia, New Brunswick, Newfoundland and Labrador can expect an increase in rents in 2024. As you all … Read more
The Canada Revenue Agency (CRA) runs several financial support programs in the country for the betterment of its citizens. Two of the major programs are Canada Pension Plan and Old Age Security that guarantees retirement and old age benefits. In addition to it, the CRA also provides a Canada Child Benefit (CCB) to the low-income … Read more
Canada’s federal government along with the Canada Revenue Agency (CRA) is taking certain initiatives to assist the renters in the country. As the rent cost and inflation is increasing in the country, the citizens living in rented houses are facing a financial burden while paying for their houses rents on a monthly basis. To prevent … Read more
If you are among the citizens who are unsure whether pensions are taxed, then the answer is simple: yes, the pensions are taxed. The retired seniors in Canada rely on two of the major financial programs as a source of income in their retirement age. The Canada Revenue Agency (CRA) provides the retirement benefits to … Read more
The Canada Revenue Agency (CRA) oversees the financial aid that is provided to the senior citizens of the country on a monthly basis as an Old Age Security (OAS). Due to the high inflation and rising cost of living, the CRA is proposing a double benefit for the eligible citizens and will provide a $900+$1,300 … Read more
The South African Social Security Agency runs a number of grants that are responsible to provide a financial support to the needy citizens. The foremost reason behind these grants is to assist the low-income individuals and their families who are affected by inflation and rising cost of living in the country. To keep up with … Read more
The Canadian seniors will be getting their due Old Age Security Pension by the end of this month. The OAS is a primary federal government program for the senior citizens to make use of monthly pension amounts executed by the Canada Revenue Agency. By the time you reach the age of 60 years, you start … Read more
As the month of July is in its first week, the citizens are awaiting the next Canada Pension Plan (CPP) and Old Age Security (OAS) payments. The previous payment for both CPP and OAS was out on 26th June 2024 and millions of citizens claimed the pension amount. The Canada Revenue Agency (CRA) will soon … Read more