Social Security recipients must create or update their my Social Security accounts by November 20 to access details of the 2.5% COLA increase for 2025. This action ensures timely updates and helps retirees manage their benefits effectively. Visit SSA.gov to get started.
The November 2024 increase in South Africa’s SASSA Child Support Grant aims to support low-income families facing inflation. Eligible caregivers of children under 18 can apply for this R530 monthly grant, either online or at a SASSA office, to help cover essential needs. Learn about eligibility, the application process, and key payment dates in this complete guide.
The SASSA Assisted Living Grant in November 2025 aims to support elderly and disabled South Africans with essential daily living assistance. Available to low-income individuals aged 60 and above or younger disabled persons, this grant covers home-based and residential care options. Eligibility requirements focus on residency, age, and financial need, ensuring targeted assistance for those who need it most.
SASSA beneficiaries face missed payments if they don’t upgrade to smart IDs for 2024. This guide covers essential steps for verification, avoiding scams, and securing grant access for the year ahead.
Deciding when to start CPP and implementing a retirement drawdown strategy is vital for long-term financial security. Factors like health, taxes, and spending flexibility play a significant role in maximizing retirement income.
Leaving Canada for good requires careful financial planning. From understanding departure tax obligations to managing Canadian investments and arranging international health coverage, there are several financial steps you must take. This guide walks you through these essentials, helping you make an informed and financially stable transition.
A T4 slip is essential for Canadian employees, outlining annual income and deductions for accurate tax filing. Issued by employers by February 28 each year, the T4 ensures employees can submit returns correctly. For the 2023 tax year, T4s will be available by early February 2024, providing details needed for tax credits and refunds. Understanding your T4 can help in filing accurately and avoiding delays.
The Canada Pension Plan offers up to $1,364.60 per month for Canadians with a complete contribution history, a key income source for retirement. By adjusting start times and managing work history, retirees can optimize their monthly CPP income.
The CPP Death Benefit offers a one-time $2,500 payment to eligible survivors and family members of deceased Canada Pension Plan contributors. This article provides a detailed guide on eligibility, the application process, and tax implications, as well as answers to frequently asked questions to help beneficiaries understand and navigate this important benefit.
The Multigenerational Home Renovation Tax Credit (MHRTC) offers Canadian families up to $7,500 to create accessible living spaces for senior or disabled family members. Covering 15% of renovation costs up to $50,000, the MHRTC supports multigenerational living by assisting with expenses for constructing a secondary unit. Eligible renovations include private entrances, kitchens, bathrooms, and sleeping areas. Learn about eligibility, application steps, and benefits for family-oriented housing.
