The Canada FPT deposit may have appeared in your bank account, leaving you wondering what it means and whether you qualify. These deposits are government payments aimed at providing financial support to Canadians through various tax credits and benefits. The “FPT” stands for Federal-Provincial/Territorial, signifying that the funds come from a collaboration between Canada’s federal Continue reading
CPP 101: 2024 Payment Dates, Disability Benefits, Limits & More – What You Need to Know
The Canada Pension Plan (CPP) is one of the most important retirement, disability, and survivor income support programs for Canadians. In 2024, the CPP will see several updates, including new payment dates, enhanced disability benefits, and adjustments to contribution limits. This article will provide you with everything you need to know about the CPP in Continue reading
$1,400/Month Extra OAS for Seniors in Canada? Everything You Need to Know
In 2024, there have been discussions about potential increases to the Old Age Security (OAS) payments for Canadian seniors, with rumors suggesting a significant boost of $1,400 per month. This has raised questions among seniors and their families about eligibility, the authenticity of this increase, and how to maximize their benefits. Let’s dive into what Continue reading
$1,502 Monthly CPP Increase for Canadian Seniors: Eligibility & Deposit Dates
As Canadian seniors look toward retirement security, recent updates to the Canada Pension Plan (CPP) have been a topic of great interest. With a potential increase of up to $1,502 per month in CPP payments for those eligible, many seniors are eager to understand how this increase works, who qualifies, and when the payments will Continue reading
Canada Carbon Rebate for Small Businesses: Key Information and Updates
The Canada Revenue Agency (CRA) has exciting news for small and medium-sized enterprises (SMEs) across Canada regarding the Canada Carbon Rebate. This refundable tax credit aims to return a portion of the federal fuel charge proceeds directly to eligible Canadian-controlled private corporations (CCPCs). What is the Canada Carbon Rebate? The Canada Carbon Rebate for Small Continue reading
A Guide to Legal Online Betting for New Immigrants in Canada
If you’re an immigrant in Canada who just received your citizenship papers, it’s time to celebrate! One exciting way to do so is through the country’s numerous legal bookies and casinos. However, navigating the online gambling landscape in Canada can be complex, especially with the significant changes that have occurred in recent years, including the Continue reading
IRCC Extends Public Policy for Immigration Medical Examination Exemptions until 2029
The Immigration, Refugees, and Citizenship Canada (IRCC) has extended the temporary public policy that exempts certain low-risk foreign nationals in Canada from undergoing an additional Immigration Medical Examination (IME). Initially introduced two years ago, this policy has benefited over 286,000 applicants and will remain in effect until October 5, 2029. This extension is designed to Continue reading
CPP Contributions 2024: Maximum Limit & Rates
As we move into 2024, Canadian workers and employers need to stay updated on changes to the Canada Pension Plan (CPP) contributions. These contributions play a crucial role in providing retirement, disability, and survivor benefits. In 2024, there will be adjustments to the contribution rates and maximum contribution amounts that impact employees, employers, and self-employed Continue reading
Max EI Contribution 2024: Limits, Rates, and Key Details
The Employment Insurance (EI) program is a key component of Canada’s social safety net, providing temporary financial assistance to individuals who are out of work or unable to work due to illness, maternity, parental leave, or other qualifying reasons. Each year, the maximum EI contribution is adjusted to reflect changes in the economy and wages. Continue reading
Canada Hourly Wage Increase 2024: Provincial and Territorial Minimum Wage Hikes
In 2024, Canadian workers can expect increases in minimum wages across various provinces, reflecting the federal and provincial government’s efforts to keep up with inflation and living costs. This wage hike affects millions of workers and plays a crucial role in enhancing financial security for those working in minimum-wage jobs. In this article, we explore Continue reading