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 low salaried workers in Canada will benefit from new quarterly payments for the Canada Workers Benefit, which started on July 28, 2023, and will help make life more affordable. Depending on their income, eligible single workers can receive up to CAD 1,518 and families can receive up to CAD 2,616. These benefits are divided … 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
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
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
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
This article can be useful to the citizens living, and working In Canada or people near the retirement age. This post will help you understand the CPP Payment 2024 Dates in-depth: When do you get CPP and how much will the increase be? A provision introduced by the federal government of Canada. CPP Payment 2024 … Read more
Old Age Security program will account for a sizable amount of retirement income for many people. Stressful circumstances could arise when OAS income is reduced as a result of OAS survivor benefits. Especially so, considering that this decrease will come after an untimely partner or spouse’s passing. It may surprise a lot of individuals to … Read more