Patricia If you reside in Canada and an individual with a long time disability that prevents you from using public transportation in a safe manner, you might be qualified to request a partial reimbursement of the federal excise tax that you pay on your gas purchases. The Canadian government has started the Gasoline Tax Refund in … Read more
In Alberta, the general minimum wage is CAD 15 per hour as of October 2023 and 2018 saw the province become the first in Canada to reach that threshold, setting the current rate. With the exception of students under the age of 18, all provincially regulated employees working full-time, part-time, or hourly in the province … Read more
The Government of Canada has again come up with a new scheme to provide benefits to the eligible citizens of every province of the country. If you are looking for a scheme here then I want to tell you that the name of the scheme is CPP Death Benefit whose application form is now started … Read more
The old Universal Child Care Benefit (UCCB) was redesigned by Canadian Prime Minister Justin Trudeau in 2016 and is now known as the Canada Child Benefit (CCB), a great scheme. The CRA distributes CCB payments, which are normally made in the third week of the month, which usually occurs between the 18th and the 20th. … Read more
If you see an unidentified notification labelled as Canada FPT Deposit in your bank account then there is nothing to be worried about instead, it is a positive thing. FPT refers to the “Federal-Provincial-Territorial” deposit, provided by the Canadian government on a quarterly or monthly basis. It is a financial transaction code that can be … Read more
Eligible CPP Canadians know that the benefits of the Canada Pension Plan (CPP) are modified annually to reflect increases in living expenses? Yes CPP Inflation Increase 2024 will be discussed here today. Via Consumer Price Index we can know what citizens spend on common household items such as food, shelter, clothes, transportation, and medical care, … Read more
The impact of inflation, a general rise in prices and decline in the buying power of money must be considered while making retirement plans. In other words, as you approach retirement age in next few years, you will want to consider the growing cost of consumer goods and services in Canada. In Canada, the average … Read more
Because of high rates of inflation, the maximum TFSA (Tax-Free Savings Account) contribution limit for 2024 has been raised to CAD 7,000, bringing the total contribution room to CAD 95,000. It makes sense to add best equities to your portfolio today, since the near-term sluggish economic backdrop is projected to keep the equity markets volatile. … Read more
Today you will know what CRA Mileage Rate 2024 is and how much it will be for medical travel. According to the Canada Revenue Agency (CRA), the CRA Mileage Rate will be given to Canadian citizens who travel in or outside the country in case of an emergency. So the government will give them some … Read more
Through this article, we would like to seek your attention on one of the basic needs in current times i.e., vehicle. This article will discuss Electric Vehicle incentives in Canada. This is the financial support provided by the government of Canada to the people who are planning to buy an EV in Canada. But, one … Read more