The Canada Pension Plan (CPP) is a crucial part of Canada's social security system, providing financial security to workers and their families in the event of retirement, disability, or death. In this article, we'll dive into the details of the CPP and how it works, including who is eligible for benefits, how contributions are calculated…
Important Dates
If you're a resident of Ontario and you're living with a disability, you may have heard of the Ontario Disability Support Program (ODSP). But what is ODSP, exactly, and how can it benefit you or your loved ones? Here, we'll explore the ins and outs of ODSP, including its eligibility requirements. We'll also cover the…
The Canada Child Care Benefit (CCB), is a tax-free monthly payment made to eligible families. It helps with the costs of child care. The CCB may be paid for children aged 0-15. For children with disabilities, it is paid up to age 17. For 2023, the payment increased by 1.66%.
Families can receive up to…
A tax deadline is the date by which taxpayers must file their taxes. This allows the government, upon receipt of all the T1 General Forms, to know how much money it will need to collect in taxes. It also ensures that people do not forget to pay their taxes.
The tax deadline is typically imposed…
Old Age Security (OAS) is a government-funded pension program in Canada that provides financial assistance to seniors aged 65 and over. It is one of the three pillars of Canada's retirement income system. It is well paired with the Canada Pension Plan (CPP) and private savings. OAS is a universal program, meaning that it is…
The Canada PRO program is a Canadian government program that provides a payment to help disperse tax credit and benefit program monies to eligible residents of Ontario and Alberta.
Having received money in your bank account from Canada PRO, such as described in the following picture, means that you’ve received money from one of the…
The Climate Action Incentive Program is a Canadian federal government program that provides funding to eligible households and businesses. It exists in provinces and territories that have adopted the Pan-Canadian Framework on Clean Growth and Climate Change. The funding helps offset the increased costs of complying with the carbon pricing system. That system was implemented…