CAIP Changes 2024 – All You Need to Know about Changes in Climate Action Incentive Payments in 2024

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

Canada Raised Cost-Of-Living Requirements for Foreign Students – Doubled from January 2024

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

Excise Gasoline Tax Refund – How Can You Get Gasoline Tax Refund in Canada?

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

Canada Grocery Rebate – Who is Eligible and When will you receive Grocery Rebate Payments in 2024?

Many Canadians have been going through extremely difficult times because of the persistently high pace of inflation, the Bank of Canada raised interest rates once again. Statistics Canada shows that in May, inflation increased by 3.4% as interest rates have climbed by 25 basis points at the Bank of Canada, to 4.75%. In year 2024 … Read more

Trillium Benefits – Trillium Health Partners List and Everything You Need to Know!

Leading hospital Trillium Health Partners is known for its excellent track record of patient care, financial accountability, and success. THP offers the entire spectrum of acute care hospital services in addition to a number of community-based, specialty programs. It is comprised of three primary sites: Credit Valley Hospital, Mississauga Hospital, and Queensway Health Centre. There … Read more

GST/HST Netfile Date – All you need to know about When & How to File GST HST Netfile?

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

Canada Pension Income Amount – Who is Eligible and How Can You Receive CAD 2000 Pension Income Amount?

If you reported qualified pension, superannuation, or annuity payments on your return, you may be eligible to claim up to CAD 2,000 of your federal pension income amount. This non-refundable tax credit allows you to lower your tax liability. Pension Income Amount is not available for benefits like Old Age Security (OAS) or the Canada Pension … Read more