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 Continue reading
Canada’s Pension Plan Needs to Invest More Domestically: Time to Rewrite the CPPIB Act, Why?
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 Continue reading
CIBC Invests $4.5M in Wisedocs AI Platform – Insurance Industry
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 Continue reading
IRS Issues Warning on Incorrect Employee Retention Credit Claims
The Internal Revenue Service (IRS) issued a new alert on Friday regarding incorrect claims for the Employee Retention Credit (ERC). The warning highlights five key signs that businesses may be making errors in their ERC claims. The IRS released these warning signs to help businesses and tax professionals prepare for upcoming measures aimed at addressing Continue reading
Exploring Volunteer Opportunities at Shoppers Drug Mart in Canada: A Comprehensive Guide
Shoppers Drug Mart, a key player in the Canadian retail pharmacy landscape, is renowned for its extensive network of stores and its commitment to serving the health and wellness needs of the community. Established in 1962, the organization has grown to become a trusted name, offering a wide range of health, beauty, and convenience products. Continue reading
$134 Medicare Premium SSA Payment 2024: Checks Approved, Eligibility & Important Dates
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 Continue reading
$134 Day Social Security checks Each Month Approved By SSA: Know Your Eligibility, Payment, and Dates
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 Continue reading
Teenagers Can Earn Over $3,000 a Year by Mowing Lawns Just One Hour a Week in Canada
Teenagers and anyone else looking for a side hustle have the opportunity to earn more than $3,000 a year by dedicating just one hour a week to mowing lawns. This simple yet effective way to make money not only provides extra income but also teaches valuable lessons about work ethic and the value of money Continue reading
In the Auction Market, Old Coins for Collectors Can Be Worth Thousands: The Case of the “Indian Head” Penny
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 Continue reading
Upcoming SSI Changes This Fall 2024: What You Need to Know
This fall, the Supplemental Security Income (SSI) program is set to undergo significant changes that could result in increased benefits for many recipients. The Social Security Administration (SSA) announced on May 9 a crucial update aimed at broadening the definition of what constitutes a “public assistance household,” which is expected to positively impact beneficiaries. Overview Continue reading