Sophie Wilson In October 2024, families across Canada will receive the $660 Child Tax Credit Direct Payment, providing financial relief to help with the cost of raising children. The Child Tax Credit is an essential part of Canada’s tax benefits system, aimed at supporting low- and middle-income families by offsetting childcare expenses. This article provides a detailed … Read more
The Canadian Dental Care Plan (CDCP) is an important initiative aimed at providing access to dental care for millions of Canadians who may not have coverage through private insurance. Launched by the federal government, this program seeks to ensure that low-income families, seniors, and those without coverage can maintain proper oral health. With expanded benefits … Read more
The Grocery Rebate for Seniors in 2024 is designed to provide essential financial support to help low- and middle-income seniors cope with the rising cost of groceries. As part of the federal government’s broader efforts to address inflation and the cost of living crisis, this rebate is a welcome relief for many Canadian seniors struggling … Read more
The Ontario Trillium Benefit (OTB) is a financial support program that combines three tax credits to help lower-income families and individuals in Ontario with their property taxes, energy costs, and sales taxes. Here’s what you need to know about the maximum income required to qualify for the OTB in 2024 and the payment dates. Maximum … Read more
The Ontario Staycation Tax Credit for 2024 is an initiative designed to encourage residents to explore their own province while supporting local businesses. This tax credit provides financial relief for those who choose to vacation within Ontario, offering a boost to the tourism sector and making it more affordable for families to enjoy the beauty … Read more
As of July 23, 2024, there aren’t any recent reports of a class-action lawsuit against BMO specifically related to employee pay shortfalls in 2024. However, there was a case regarding vacation pay for certain BMO employees in British Columbia that concluded in 2023. Here’s a breakdown to help you: Recent BMO Class Action (2023) A … Read more
Get all the information you need about CCB Payment Dates in 2024, including benefit amounts, eligibility criteria, and payment schedules. Find out how much you can receive and when to expect your payments. Stay updated on the latest details to maximize your Canada Child Benefit The Canada Child Benefit (CCB) is a tax-free monthly payment … Read more
A Notice of Assessment (NOA) is a document issued by the Canada Revenue Agency (CRA) after processing your tax return. It summarizes your income, deductions, credits, and tax balance. Key Information on Your Notice of Assessment Important Tips: How to Dispute a Notice of Assessment (NOA) If you disagree with the information on your NOA, … Read more
Discover the Canada FPT Deposit Payment Dates for 2024, including eligibility criteria and the application process. Learn who qualifies for this financial assistance, how to apply, and when to expect your payments. Stay informed to ensure you receive your benefits on time. What are FPT Payments? FPT, short for Federal-Provincial-Territorial, payments are tax credits provided … Read more
CRA OTB Notice means and learn how to respond effectively. This guide explains the purpose of the notice, the actions required, and how to address any issues or concerns. Ensure you handle your notice correctly and stay compliant with CRA requirements. OTB stands for Ontario Trillium Benefit. It’s a combined payment that includes the Ontario … Read more