Residents of Alberta, Saskatchewan, Manitoba, and Ontario have been receiving climate action incentive payments (CAIP), sometimes referred to as carbon tax rebates, from the federal government for a year now. The program will now include citizens of New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador starting of July 1, 2023. The four … 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
Registrants use the GST/HST Netfile program to file their harmonized sales tax/goods and services tax returns to the Canada Revenue Agency (CRA) without any mediator. CRA website mentions a Ready to File Page where applicants can access the forms online and fill in the crucial information. One of the significant benefits of the program is … 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
Canadians are worried about what the future holds for their finances because of the high rates of inflation they are currently experiencing and the possibility of a recession. Canada government is now providing eligible taxpayers with an additional one-time GST tax rebate over a six-month period in an effort to help fight inflation and support … Read more
Finding new strategies to save money as a senior becomes increasingly crucial as prices are rising quickly in Canada. Having a little extra cash on hand is always pleasant, even though retirement and Social Security payments might not be sufficient to meet all expenses in this day and age. Using the Senior Discounts for Canada … 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
Interest rates in Canada vary on different scales. According to the Bank of Canada, the current interest rate in Canada is 7.2%. So if you want to know all the aspects that affect a person for this inflation of interest rate increase then you have to read this entire article till the end. Here I … Read more
You must be curious on What is the Canada FED deposit in your bank account, and why did you receive it? Canada FED is a payment made by the Canada Revenue Agency (CRA). You applied for a benefit claim or the CRA analyzed your taxes and determined that you were eligible for a tax credit … Read more
According to a recent analysis, the average inflation rate for food goods in Canada is expected to rise between 2.5 and 4.5 percent in 2023, compared to an average increase of five to seven percent in 2023. According to a report, the total rate of inflation will drop to between 2.5 and 4.5 percent in … Read more