The Canadian government provides its citizens benefits and tax credits through the coordinated efforts of the federal, provincial, and territorial administrations. The Canada Revenue Agency (CRA) is essential in managing and distributing these benefits, ensuring eligible Canadians receive the financial assistance they are entitled to. A deposit labeled “dn Canada fpt” on your bank statement … Read more

The Canadian housing market is challenging for many, particularly first-time homebuyers who confront increasing costs and onerous financing requirements. The Canadian government launched the First Home Savings Account (FHSA) to address these issues in 2023. This unique registered savings plan provides significant tax benefits, making homeownership more affordable to Canadians entering the property market for … Read more

The Canada Revenue Agency (CRA) has begun distributing payments for the Canada Child Benefit (CCB). However, recipients may experience delays due to a global IT outage that began last Friday. Minister of National Revenue Marie-Claude Bibeau has assured the public that the CRA’s systems remain operational and unaffected by the outage. Typically, the reward amount … Read more

The British Columbia Family Benefit is a financial aid program that provides a tax-free monthly payment to families with children under 18. This program, administered by the Canada Revenue Agency (CRA), attempts to reduce economic strains on families by augmenting their income and assisting with the costs associated with raising children. As part of the … Read more

As we struggle to figure out how to adjust the time on our cars and appliances, it’s natural to wonder what the point of daylight savings time is and when it could stop. When will the clocks change in 2024? In Ireland, the clocks are set forward on the last Sunday of March, which falls … Read more

In 2024, Verizon Wireless paid $100 million to resolve a class-action lawsuit. The lawsuit accused the corporation of misleading advertising practices, including failing to disclose some additional expenses, such as administrative charges, to clients. As a result, the plans cost more than stated. The plaintiffs claimed that by failing to disclose these costs from the … Read more

Rumors circulate that the IRS Earned Income Tax Credit 2024 (EITC) is an essential source of financial support for American workers with low to moderate earnings. If the tax credit exceeds the amount owing, it can result in a refund and a reduction in the taxes owed to the Internal Revenue Service. We cannot guarantee … Read more