Planning for retirement is a crucial step towards ensuring financial stability in your later years. However, understanding the tax implications of your pensions can be challenging. This guide provides a comprehensive overview of how to make the most of your retirement savings, maximize your spending power, and legally avoid paying excess tax on your pensions. Continue reading
Daylight Saving Time Ends Soon in Canada: Everything You Need to Know
Daylight Saving Time (DST) will soon end in Canada, marking the moment when clocks are set back one hour to Standard Time, giving Canadians an extra hour of daylight in the mornings. Here’s a detailed look at how DST works in Canada, when it ends, and why we continue to observe it. What is Daylight Continue reading
The United States Child Tax Credit: Latest Updates and Changes for 2024
The Child Tax Credit (CTC) has long been a crucial support for American families, designed to alleviate child poverty and provide financial relief in an economy marked by high living expenses. As we move into 2024, families need to stay informed about the latest updates and changes to this valuable program. This guide will cover Continue reading
Canadian Pension Plans Experience Strong Returns and Improved Stability in Q3 2024
Recent reports from TELUS Health provide optimistic insights for Canadian pension plans and their beneficiaries. Both the Pension Indices and Performance Universe reports highlight positive investment returns and enhanced stability for the third quarter of 2024. This trend suggests a promising outlook for the financial security of employees and retirees, benefiting the Canadian economy as Continue reading
Year-End Tax Planning Strategies for Retirees
After the last little ghosts and goblins leave your front door with their haul of candy tonight, we’ll be into the home stretch of the year. This is a great time to revisit your tax planning to ensure nothing gets left to the last minute. Here are some effective year-end strategies for retirees. 1. Split Continue reading
Ohio Farm Family’s Hidden Rare Dime Sells for $500,000 at Auction
Extraordinary Auction Result TOLEDO, Ohio – An extraordinarily rare dime has been sold for just over $500,000. This elusive coin, struck by the U.S. Mint in San Francisco in 1975, features a depiction of President Franklin D. Roosevelt and is one of only two known to exist without the distinctive “S” mint mark. Inheritance and Continue reading
Two-Thirds of Canadians Concerned About Retirement Savings, New Survey Reveals
It’s a common question, especially amid increasing financial pressures. With daily concerns often taking precedence, long-term retirement planning can easily be overlooked. Financial Anxiety Among Canadians A new survey from CPP Investments, conducted for Financial Literacy Month in November, reveals that 61% of Canadians fear running out of money in retirement. This anxiety is even Continue reading
Beatrix Potter Coin Valued at £150,000 Listed for Only £2 in Felixstowe
A rare Beatrix Potter 50p coin, which has made headlines for its staggering listing price of £150,000 on eBay in Scotland, is currently available in Suffolk for just under £2. This significant price difference—nearly 80,000 times less—has caught the attention of collectors and enthusiasts alike. Coin Details In the Felixstowe area of Suffolk, one such Continue reading
NIA Calls for Clearer Communication from Ottawa on CPP/QPP to Improve Outcomes
A key retirement decision for millions of Canadians could be made in a more informed way if the federal government revised its messaging. According to a new report from the National Institute on Ageing (NIA), significant improvements are needed in how individuals learn about claiming Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits. Continue reading
Black market of LMIA in Canada peaks, need new stricter steps
The black market for Labour Market Impact Assessments (LMIAs) in Canada has reached unprecedented levels, especially following recent government measures aimed at reducing immigration targets. This surge in demand for LMIA-backed jobs has given rise to a troubling underground market, as revealed by investigative reports from CBC. This article explores the alarming rise of LMIA Continue reading