If you are a business owner in Canada, you should become familiar with the term Record of Employment, or ROE, because without these crucial documents, your employees will not be able to receive insurance coverage in the event that they cease working or have a disruption in their earnings. I will address What is ROE … Read more
As per the TFSA Limit 2024 Latest Update, the TFSA contribution limit for 2024 has been officially announced. The TFSA Contribution Limit Increased to CAD 7,000 from CAD 6,500 in 2023 and CAD 6,000 in 2022. Following the Canada Revenue Agency’s decision about the New Canada TFSA Contribution Limit 2024, the maximum amount of room … Read more
The Government of Ontario has established a 2.5% yearly rent increase guideline for 2024. For a rental property that is neither exempt from rent control or the subject of an application for a rent increase above the guideline that is submitted to the Landlord and Tenant Board, the Ontario Rent Increase Guidelines 2024 is the … Read more
The most common question on renters’ minds is what does Renters Insurance Cost in BC, Toronto and Ontario? So here I am going to mention all the details for you and also tell you the Renters Insurance Cost in Canada according to provinces and territories. It is the basic need of every landlord that motivates … Read more
Canada RIT is a way to get a refund of the taxes you paid from the Canadian government. Not all Canadians will be eligible for the Canada RIT online application, but certain individuals can file an RIT Return from the Canada Revenue Agency to have their return deposited into their bank account. Today I am … Read more
So here I want to update you that the Nova Scotia Minimum Wage 2023 has been revised from 1 October 2023. The minimum wage for general workers has increased from CAD 14.50 to CAD 15.00 per hour. The current minimum wage in Nova Scotia is CAD 15 per hour. It complies with government of Canada … Read more
MyCRA is a mobile application that allows the user to get tax-related information to stay updated. The Canada Revenue Agency (CRA) has set up a mobile application called MyCRA that allows all taxpayers in Canada to log into the application and track all their data and information related to filing taxes or paying their taxes … Read more
The financial threshold for the cost of living has been raised for international students applying study permits in Canada, according to an announcement made by the government. Individual students will now need to show that they have CAD 20,635 in money available as of January 1, 2024 more than twice as much as they did … Read more
The largest portion of the debt loads borne came from student loan debt. In actuality, CAD 16,765 was the average amount of student loan debt owed by millennials. Additionally, data indicated that approximately 331,250 students enrolled in the Repayment Assistance Plan (RAP) as a result of being unable to make their loan installments. You might … Read more
Raising your credit limit on a credit card is not that a tough task in Canada, please follow my Proven Ways to Increase Your Credit Limits in Canada. If you use credit properly, raising the limit might really offer a lot of benefits. You can utilize credit to address an unexpected emergency, effectively make major … Read more