In October/November 2023, Canada’s unemployment rate stayed at 5.5% for the fourth consecutive month, the highest level since January 2022 and just below forecasts of 5.6%. However, the unemployment rate remained significantly lower than pre-pandemic levels. While around 64 thousand jobs were created, well the estimates of a 19 thousand addition, unemployment increased by 8.1 … 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
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
Further information on the cost of living assistance payment schedule for the upcoming round has been released by the Department for Work and Pensions (DWP). Means-tested benefit claimants, such as those receiving tax credits, Universal Credit, and Pension Credit, will begin receiving cash in the spring and get three direct bank account payments during the … Read more
After submitting an application or filing their income taxes, Canadians receive benefit payments. Sometimes we even forget we are receiving additional money because the majority of them are applied automatically. Additionally, if you happened to look into your bank account, you might have already received a few of these benefit payments. These are typically deposited … Read more
Going back in time, a family of four to five members could easily be fed by the income of one individual. However, it doesn’t seem feasible right now. The majority of households now make twice as much money due to the enormous rise in both inflation and the standard of life. The goal of the … Read more
If you live in United Kingdom, few tax benefits that lower your required income tax payment is there for you. I go over the tax allowances that might be eligible, but keep in mind that not all of them operate the same way. Some, like the married couple’s allowance and the marriage allowance, provide an … Read more
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
Canadians who save money are looking for ways to increase the returns on their investments without paying more taxes. Keeping income-producing investments inside a Tax-Free Savings Account (TFSA) is one way to accomplish this goal. The Canada Revenue Agency, or CRA, is the country’s tax authority and a one-stop shop for all things tax-related. Even … Read more
Find the relevant details on the Centrelink Pension Payment Schedule 2024. Payment Dates for all pension schemes can be referred to here month-wise. The authorities have shared the corresponding dates in their authorized portal. The recipients can read the article to the end to know the payment schedule. Centrelink Pension Payment Schedule 2024 These are … Read more