Citizens of Canada receive multiple financial assistance regularly. The federal government of Canada has declared a Double OAS $1365 Payment in 2024 for seniors of Canada. The double OAS Payment aims to help those 65 years and older with low income and insufficient money to manage their basic and overhead expenses. Before distributing the Double … Read more
The Old Age Security (OAS) pension is a monthly benefit provided to the eligible candidates who are 65 and older. It is provided by Canadian government along with Canada Pension Plan (CPP). It is a major source of income for the retirees apart from their personal savings and Canada Pension Plan. First quarter of 2024 … Read more
As per the latest announcement by Mr. Trudeau, Prime Minister of Canada, the eligible Canadians are going to receive Extra $1260 Monthly OAS Payment in June 2024. There are many programs which are offered by the government for the Canadian Senior Citizens. One of them is OAS, which offers citizens a monthly payment which helps … Read more
Government of Canada announced stable Guaranteed Income Supplement (GIS) Program for senior citizens of Canada who are suffering with financially difficulties. $2924 GIS 2024 is a monthly assistance from the government and It will be credited directly into beneficiaries bank account. The Object of GIS is to provide financial support to the country’s senior population. Under … Read more
Canada Carbon Rebate (CCR) previously named as Climate Action Incentive Payment (CAIP) is a duty-free amount which helps in balancing the cost of the federal pollution pricing to help the entitled individuals and families. It is a supplement for citizens of small and rural groups and contains a very basic amount. CRA is all set … Read more
The Canada Revenue Agency is responsible for the distribution of the Canada Pension Plan $2160 in June 2024. The disabled or retirees above the age of 65 can claim this benefit or they can even claim it at the age of 60, but the amount will vary. The earlier a person claims the CPP the … Read more
In Canada, the average annual salary for skilled workers is between $54,600 to $105,000. Depending upon their key skills, job type, and experiences it varies. Average yearly income decides whether the person comes under the Middle-Class Salary in Canada. Compared to last year, most Canadians are earning more this year, which is almost $1,211 per … Read more