Emma

What is the OAS Clawback? The Old Age Security (OAS) clawback, or OAS pension recovery tax, is a mechanism where the Canadian government reduces your OAS payments if your income exceeds a set annual threshold. Designed to ensure fair allocation of benefits, it applies to higher-income retirees. If your income surpasses these limits, you may Continue reading

The Canada Pension Plan (CPP) is a vital source of retirement income for Canadians. By contributing throughout your working life, you become eligible for a monthly pension during retirement. The amount you receive depends on the duration and amount of your contributions. When Should You Start Receiving CPP? The CPP offers flexibility in choosing when Continue reading

Tax season is right around the corner, and if you’re a low-income earner in Canada, you could benefit from the Canada Workers Benefit (CWB). This financial aid program is designed to help individuals and families who are struggling to make ends meet. Read on to learn more about the CWB, how much you could receive, Continue reading

The Old Age Security (OAS) pension is a cornerstone of senior benefits in Canada, offering critical financial support to millions. As we look ahead to 2025, it’s essential to understand how OAS is evolving to meet the needs of retirees. This article explores key updates, including payment amounts, schedules, eligibility, and additional benefits. 2025 Payment Continue reading

The Canada Revenue Agency (CRA) administers numerous assistance programs, one of which is the Canada Child Benefit (CCB). This financial support is designed for families with children under 18. To keep beneficiaries informed, the CRA issues a CCB Notice, providing detailed information about payment amounts, eligibility, and potential adjustments. Let’s dive into what this notice Continue reading

The Canada Pension Plan (CPP) plays a crucial role in providing financial security to retirees across Canada. In response to inflationary pressures, the Canadian government has announced a 2.6% increase in CPP payments, set to take effect in January 2025. This increase will benefit retirees, helping them manage the rising costs of living, such as Continue reading

Grubhub, one of the most popular food delivery services in the U.S., has agreed to a $25 million settlement to resolve a Federal Trade Commission (FTC) lawsuit accusing the company of misleading customers, drivers, and restaurants. The settlement marks a significant shift in how Grubhub will operate moving forward, requiring substantial changes to its platform Continue reading

Retirement planning is a complex process, especially with the rising cost of living and inflation. Many seniors face financial challenges as they transition into retirement, often choosing to extend their working years to supplement their income. The Canada Pension Plan (CPP) Post-Retirement Benefit (PRB) is designed to support individuals who continue to work beyond retirement Continue reading

As 2025 begins, the Canada Revenue Agency (CRA) is rolling out significant updates to its tax system that will affect individuals, businesses, and seniors alike. These changes are aimed at improving efficiency, providing targeted relief, and fostering economic recovery. From extended filing deadlines to enhanced digital tax tools, here’s a detailed look at the five Continue reading