Say Goodbye to 66 Years 8 Months Retirement Age – Starting in January 2025, the Full Retirement Age (FRA) for Social Security benefits will increase from 66 years and 8 months to 66 years and 10 months for individuals born…
New SSI & SSDI Payouts Up to $1,580 – Starting January 2025, recipients of Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) will see their payments increase due to a 2.5% Cost-of-Living Adjustment (COLA). This adjustment aims to…
Bigger SNAP Payments Coming in 2025 – Starting October 1, 2024, the Supplemental Nutrition Assistance Program (SNAP) will see a significant increase in benefits for Fiscal Year 2025. These updates aim to address rising food costs and promote workforce engagement…
January Delay for Pre-May 1997 Disability Checks – Social Security Disability Insurance (SSDI) recipients who began receiving benefits before May 1997 may face payment delays until January 2025 due to updates in the Social Security Administration’s (SSA) processing systems. These…
$1,400 Stimulus Not Received? – If you didn’t receive the $1,400 stimulus payment from the third round of U.S. Economic Impact Payments (EIP3), don’t worry—you may still qualify to claim it through the Recovery Rebate Credit (RRC) on your 2021…
Canada Approves Grocery Rebate Bill C-46 – In response to rising food costs, the Canadian government introduced Bill C-46, the Grocery Rebate, offering a one-time payment of up to $628 on July 5, 2023. This initiative aimed to provide immediate…
$1,560 CPP Monthly Increase for Seniors – In 2024, eligible Canadian seniors can receive up to $1,560 per month from the Canada Pension Plan (CPP), thanks to ongoing enhancements that began in 2019. The CPP is a cornerstone of retirement…
OAS Recipients to Get $1,980 in Jan 2025 – As of January 2025, eligible Canadian seniors can receive up to $1,980 per month through the Old Age Security (OAS) program, including the Guaranteed Income Supplement (GIS) for low-income individuals. The…
$8,396 Age Tax Credit in 2025 – For Canadians aged 65 and older, the Age Amount Tax Credit offers a valuable opportunity to reduce their 2024 taxes by up to $8,790. This non-refundable credit is designed to provide financial relief…
Canada TFWP Reform: In 2025, Canada’s Temporary Foreign Worker Program (TFWP) is set to undergo significant reforms aimed at prioritizing Canadian workers and safeguarding the rights of foreign laborers. These changes, which will take effect between May and November 2024,…