You can take advantage of a two-month GST tax reduction that the CRA has announced, but there will be no more GST payments in 2024. Canadians can increase their savings by purchasing during specific qualifying periods from December 14, 2024, to February 15, 2025. Plans to completely or temporarily eliminate the GST/HST from holiday staples, … Read more
Many Canadians are anxiously awaiting word on how much their Canada Pension Plan (CPP) benefits will increase due to inflation as we move towards 2025, especially pensioners. Canadians may maintain their purchasing power even as prices increase thanks to the annual cost-of-living adjustment (COLA), which makes sure CPP benefits remain up with inflation. As we … Read more
The CRA wants to help people who are under financial strain by offering them pension support. Old age benefits (OAS) and Canada Pension Plan are paid to citizens, respectively. The OAS/CPP benefit payment has been in the headlines, and it is true that citizens will receive their benefits in the appropriate amount on December 20, … Read more
In order to alleviate the financial burden that growing living expenses are causing on many Canadians, the government has introduced the $250 Working Canadians Rebate. The Canada Revenue Agency (CRA) will give this Canada $250 One Time Payment 2025 to employees who are actively supporting the economy in 2023. The process is simple and automated, … Read more
Releasing on December 10, 2024, the Ontario Trillium Benefit helps citizens of Ontario with basic costs like as sales tax, energy, and property taxes. In order to aid qualifying citizens of Ontario with their property taxes, energy bills, and Ontario sales tax, the Ontario Trillium Benefit (OTB) offers much-needed financial relief. A financial boost for … Read more