Are you wondering about the upcoming Ontario minimum wage increase 2024? If so, you’ve come to the right place! This article will provide you with all the essential information about the new minimum wage, including the effective date and the updated rates for various categories of workers. Ontario Minimum Wage Increase 2024 Starting October 1, Continue reading
Canada Retirement Age 2024: Is it 65 or 67?
Find out whether the Canada retirement age in 2024 is 65 or 67. Explore the factors affecting retirement age, changes in legislation, and what it means for your retirement plans. Stay informed to make the best decisions for your future. What is the Official Retirement Age in Canada? In Canada, the official retirement age for Continue reading
Canadian Retirees: Maximize Your Retirement Income with a TFSA
The Tax-Free Savings Account (TFSA) is a powerful tool for Canadians to grow their wealth and enjoy a more comfortable retirement. Unlike Registered Retirement Savings Plans (RRSPs), which offer tax deductions on contributions but taxable withdrawals, TFSAs provide tax-free growth and withdrawals. Key Benefits of a TFSA for Retirees How to Maximize Your TFSA in Continue reading
Ontario Child Care Gets a Makeover: Lower Fees and New Funding Formula
Ontario families are set to enjoy even lower child-care fees as the province introduces a new funding formula aimed at supporting child-care operators. Starting January 1, 2025, average daily fees will drop from $23 to $19, with a cap of $22. This is another step towards the government’s goal of reaching an average of $10 Continue reading
Canadian Farmers Demand Rollback of Capital Gains Tax Increase
Some Canadian farmers are expressing dissatisfaction with recent changes to a federal incentive aimed at mitigating the impact of an increase in the capital gains inclusion rate. These farmers, particularly represented by the Grain Growers of Canada, argue that the modifications do not adequately address the challenges faced by the agricultural sector and are calling Continue reading
CERB Repayment Forgiveness: Can’t Repay CERB? Explore Your Options
The Canada Emergency Response Benefit (CERB) provided essential financial support to millions of Canadians during the COVID-19 pandemic. However, some individuals who received CERB payments may now find themselves unable to repay the amount they owe due to financial difficulties. If you’re struggling to repay CERB, there are options available to you, including potential repayment Continue reading
CERB Repayment Deadline: Avoid Penalties and Interest
The Canada Emergency Response Benefit (CERB) was a lifeline for many Canadians during the COVID-19 pandemic, providing crucial financial support to those who lost their income. However, some individuals may now be required to repay CERB amounts they were not eligible to receive. If you received CERB and need to repay it, here’s what you Continue reading
2 New Canada PR Pathways for Healthcare & Agriculture Launched by SINP
On August 30, 2024, Saskatchewan unveiled two new Permanent Residency (PR) pathways under the Provincial Nominee Program (PNP) aimed at addressing critical labor shortages in the province’s health care and agriculture sectors. These initiatives, known as the Agriculture Talent Pathway and the Health Talent Pathway, are designed to attract skilled workers to fill essential roles Continue reading
CSIS JOBS Open Across Canada: Some Roles Offer $100K with No Degree Required
If you’ve ever considered a career with the Government of Canada, now might be the perfect time to explore some high-paying opportunities with the Canadian Security Intelligence Service (CSIS). Known for being at the forefront of Canada’s national security, CSIS is currently hiring for several positions across the country. Surprisingly, many of these roles do Continue reading
What is T4 in Canada & When Is it Coming Out For the 2024 Tax Year?
In Canada, a T4 slip, also known as the “Statement of Remuneration Paid,” is an official tax document issued by employers to their employees. It details the income earned and the taxes deducted during a particular tax year. The T4 slip is essential for filing your income tax return as it provides the Canada Revenue Continue reading