The Tax-Free Savings Account (TFSA) is one of the most popular and flexible investment vehicles available to Canadians. Each year, the Canadian government sets a contribution limit, allowing individuals to save and invest money tax-free. For 2024, the TFSA contribution limit has been announced, and it’s essential to understand how much you can save and … Read more
Discover the hidden benefits of ODSP, including common disabilities that qualify and additional perks you might not be aware of. Learn about the extra support and services available to maximize your Ontario Disability Support Program benefits. Stay informed and make the most of your entitlements. Disclaimer: Determining eligibility for ODSP is a complex process that … Read more
Canada’s pension plan, managed by CPP Investments (CPPIB), could be investing significantly more in domestic infrastructure such as housing and transportation. However, current figures show that while 42% of the fund’s value is invested in the U.S., less than 12% is invested in Canada. The Shift in Investment Focus Back in 2007, 55% of the … Read more
CIBC Innovation Banking has recently announced a $4.5 million CAD investment in Wisedocs. This Canadian InsurTech company specializes in AI-powered software that streamlines the medical claims review process for the insurance industry. How Wisedocs Works Wisedocs’ AI platform efficiently summarizes complex medical records, allowing for faster and more cost-effective claim evaluations. This technology is designed … Read more
In 2024, the Social Security Administration (SSA) announced an approved payment of $134 related to Medicare premiums. This payment is designed to assist eligible beneficiaries with the cost of their Medicare Part B premiums. Here’s what you need to know about the payment, eligibility criteria, and important dates. Eligibility To be eligible for the $134 … Read more
The Social Security Administration (SSA) has approved a $134 day Social Security payment, providing additional support for eligible recipients. Here’s what you need to know about your eligibility, how much you can expect to receive, and when these payments will be made. Eligibility To be eligible for the $134 day Social Security payment, recipients generally … Read more
In the world of coin collecting, the allure of discovering rare and valuable pieces is a constant thrill. Among these treasures, the “Indian Head” penny, minted between 1859 and 1909, stands out as a notable example. Designed by James Barton Longacre, the former chief engraver of the Philadelphia Mint, these coins can fetch impressive sums … Read more
As Alberta continues its commitment to sustainability and reducing carbon emissions, the provincial government is implementing various initiatives to alleviate the financial burden on families. One such initiative is the $1,800 Alberta Carbon Rebate, specifically designed to help families offset the costs associated with carbon pricing. For families with four children, this rebate can provide … Read more
As part of its climate action strategy, the Canadian government is committed to supporting businesses in their transition to greener practices. One of the most significant financial incentives available is the Carbon Pollution Pricing System, which offers substantial rebates to businesses that may face increased operational costs due to carbon pricing. In Alberta, businesses with … Read more
With the rising cost of living, the UK government has introduced a series of financial relief measures, including the £299 Cost of Living Payment from the Department for Work and Pensions (DWP) for October 2024. This payment is part of a larger package designed to support those who need it most during these challenging times. … Read more