Taking care of children is one of life’s greatest joys, but let’s be real—raising kids isn’t cheap. From diapers to college tuition, the expenses pile up quickly. That’s where the Child Tax Credit (CTC) comes in, offering financial relief to families across the U.S. Many eligible families miss out simply because they don’t know they Continue reading
Can You Work Past Age 70 While Receiving CPP and OAS?
When you hit 65, it’s not just about celebrating another year—it’s about making critical financial decisions that shape your retirement. For those like Sarah, who are still working full-time, managing survivor benefits, and planning for CPP (Canada Pension Plan) and OAS (Old Age Security), the questions can feel overwhelming. Let’s break it down. Understanding CPP Continue reading
Canada’s Federal Minimum Wage to Rise Next Week in 2025
Starting April 1, hundreds of thousands of Canadian workers are set to receive a long-awaited pay raise as the federal minimum wage increases. This adjustment aims to support workers in the federally regulated private sector and reflects Canada’s commitment to reducing income inequality. A Closer Look at the Upcoming Federal Minimum Wage Increase Currently, the Continue reading
Canadians to Receive Tax-Free Payments from the Federal Government This Friday
The Canadian government is set to roll out tax-free disability benefits this Friday, offering financial relief to thousands of eligible individuals. If you’re a veteran, member of the Canadian Armed Forces, RCMP, or even a civilian impacted by wartime service, this guide breaks down everything you need to know about the upcoming payments. What Are Continue reading
New Rules for Child Benefit Tax Returns What You Need to Know About the High Income Child Benefit Charge
In a significant shift set to simplify the tax process for high-income earners, parents who are liable to pay the High Income Child Benefit Charge (HICBC) will soon be able to settle the charge directly through their payslips. This change, announced as part of the UK Spring Statement, aims to eliminate the need for many Continue reading
$250 GST Relief Payment April 2025: Everything You Need to Know About Eligibility, Dates & How to Claim
The Canadian government has announced the $250 GST Relief Payment April 2025 to provide financial assistance to millions of households. This initiative aims to help low- and middle-income Canadians manage rising costs and offer support ahead of the holiday season. The $250 GST Relief Payment April 2025 will benefit approximately 18.7 million Canadian households, making Continue reading
$2,250 Tax Refunds Now Reaching More American Households: Key IRS Payment Dates You Need to Know
The Internal Revenue Service (IRS) has been accelerating the distribution of tax refunds across the United States, ensuring that millions of American households receive their payments as soon as possible. While some taxpayers are still waiting for their refunds, the IRS is actively clearing backlogs and processing returns efficiently. If you’ve already filed your taxes Continue reading
Big Changes Coming to SNAP in New York: What Every Recipient Needs to Know for 2025
The Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, is set to undergo major changes in New York in 2025. With nearly 15% of New York’s population relying on SNAP benefits, these changes could have a widespread impact on families, seniors, and disabled individuals across the state. Republican lawmakers have long pushed for Continue reading
How the 25% Tariff on Imported Cars Will Impact Every Auto Brand and Model in the U.S.
The U.S. government has officially announced a 25% tariff on all imported cars and auto parts, a move that will significantly affect car prices across the nation. While the White House claims this policy will boost domestic auto production, the reality is that building new manufacturing plants takes years and billions of dollars in investment. Continue reading
Quebec’s Childcare Tax Credit Changes Could Result in Losses for Parents
Quebec’s new budget for the fiscal year 2025-2026, announced on March 25 by Finance Minister Eric Girard, brings a range of significant financial shifts, particularly for parents who rely on the childcare tax credit. With the province grappling with a record deficit of $13.6 billion, the government is making some tough choices, one of which Continue reading