Every year, filing your income tax return can be overwhelming, especially when you realize how many deadlines and tax dates you need to keep in mind. I have put together a list of the Canada Tax Deadline 2024 Schedule for both individuals and businesses to help you get organized. So check this page for Canada … Read more
In Canada one of the main sources of retirement income for older Canadians is old age pension schemes, sometimes known as government or public pensions. The goal of OAP Canada is to give Canadian people some predictability over their retirement income. Certain old age pension schemes are age- or contribution-based, while yet others are dependent … Read more
In Canada, the tax rate rises with an individual’s income due to the progressive system. Just to keep you aware, both federal and provincial/territorial taxes use a progressive tax system. Each has its own distinct tax bands. Your taxable income in Canada is determined by deducting allowable expenses from your total gross income from all … Read more
Through this article, we would like to seek your attention on one of the basic needs in current times i.e., vehicle. This article will discuss Electric Vehicle incentives in Canada. This is the financial support provided by the government of Canada to the people who are planning to buy an EV in Canada. But, one … Read more
If you are a resident of Canada or a province of Canada, you will receive a Climate Action Incentive payment from the Government of Canada if you comply with the federal system of carbon pollution pricing. This incentive will be given to all those citizens of the country who are eligible to receive the amount. … Read more
In Canada Bill C-22 granted on June 22, 2023, after receiving royal assent and the Canada Disability Benefit Act is currently in effect. While this is fantastic news, there is still more work to be done in order to fully understand the Canada Disability Benefit (also known as CDB). The decision has been made by … Read more
Canada Pension Plan is a way to provide financial support after retirement. If you are between 60 – 65 years of age you will be eligible for the Canada Pension Plan. Individuals who have contributed to the Canada Pension Plan while in service are eligible to receive financial assistance from the government otherwise you are … Read more
Canadian government never fails to consider their taxpayer’s needs. The government keeps introducing different benefit plans to support its citizens through financial help. Canada Child Benefit Extra Payment Program has been introduced to support low-economic-status families with some financial help to allow them access to quality life for their children. If you find this article … Read more
Being a parent is hard, challenging and costly and specially if you live in Canada then it is an expensive thing. There are many needs to take into consideration, regardless of whether you decide to keep them at home or enroll them in daycare. And for that reason, there is the Canada Child Benefit (CCB). … 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