Having a retirement income is crucial in living comfortably and stress-free during your golden years. In Canada, seniors who live alone have a median income of $33,600 annually, and those living with a partner earn about $74,200 per year. This article covers the average retirement income in Canada for singles and couples, including the different …
The Average Retirement Income for Singles and Couples in Canada Read More »
It is important to be financially independent or not need help from your parents or guardians to support yourself. The earlier you reach this stage, the more seamless your financial journey will be. The younger you are, the more financial independence might appear intimidating or far out of reach, but by following the right strategies …
How To Become Financially Independent: 9 Important Steps To Take Read More »
Seniors in Canada have access to various government resources that help enhance their quality of life and promote healthy aging. In this post, you will find several free resources for seniors from the Government of Canada. If you are seeking information on financial support, social programs or healthcare, this guide will help you navigate the …
Canada’s 50 Best Free Resources for Seniors: Useful Links & More Read More »
If your spouse or common-law partner is an Old Age Security (OAS) pensioner receiving the Guaranteed Income Supplement (GIS), you could receive up to $1,381.90 in Allowance benefits this year. The Allowance is a non-taxable, income-based benefit re-calculated every year. Depending on changes to your annual net income, your Allowance payment increases if the cost …
Maximum OAS Allowance Benefits Increased to $1,381.90 in 2024 Read More »
The Allowance for the Survivor, aimed at providing financial support to eligible Canadians whose spouse or common-law partner has died, has increased to a maximum of $1,647.34 monthly. As surviving spouses face financial challenges following the loss of their partner, the Canadian government has stepped up its initiative to support affected individuals and give them …
Allowance for the Survivor Benefits Now Up to $1,647.34 in 2024 Read More »
Qualifying families in Canada can receive financial support of up to $7,437 per child through the Canada Child Benefit (CCB), which the government provides to alleviate expenses associated with raising children. In the following section, I cover the basics of the program, the eligibility requirements, the application process, the payment dates and amounts, how they …
Maximum CCB Monthly Benefits Up to $7,437 per Child in 2024 Read More »
Eligible Canadians can expect an extra GST payment in 2024 of up to $519 from the Canada Revenue Agency (CRA). The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is paid out to eligible Canadians to help offset the taxes they pay. In this guide, I cover GST credit, the eligibility requirements, how to apply …
GST Credit Payments Have Increased Up to $519 in 2024 Read More »
Whether you’re getting your first car or shifting to a budget-friendly option, finding an affordable and reliable car can help ensure dependable transportation and considerably reduce your car upkeep costs. In this post, I have compiled a list of the best low-maintenance vehicles to trim down the countless options on the market. I will also …
Taking a small business course is a good starting point before building a business in Canada. They help you determine whether entrepreneurship is for you and teach you the fundamentals of being a business owner by covering concepts such as developing ideas, tracking your finances, and marketing to target customers. This article covers the small …
The Best Small Business Courses Online in Canada Read More »
Low-income seniors in Ontario have several affordable housing options that aim to help them achieve a more independent way of living and a better quality of life while aging in place. These government housing initiatives include Rent-Geared-to-Income Housing (RGI), Ontario Priorities Housing Initiative (OPHI), Canada-Ontario Housing Benefit and co-operative housing. This article will cover these …
Subsidized Housing for Seniors in Ontario: What You Need to Know Read More »
