$7,500 Canada Tax Credit Approved in October: How to Claim it? Eligibility, Payment Dates

$7,500 Canada Tax Credit Approved in October

In October 2024, Canada introduced a $7,500 Multigenerational Home Renovation Tax Credit to support families creating secondary living units for seniors or disabled individuals. This tax credit aims to encourage multigenerational living, offering a refundable credit of up to $7,500 for eligible renovations. Homeowners can claim the credit on their 2024 tax return. Learn about eligibility, qualifying expenses, and how to claim the credit in this comprehensive guide.

Canada OAS Payment $1700 by CRA Eligibility, Date Status

OAS Payment $1700 by CRA

The $1,700 OAS payment set for September 2024 is a critical benefit for Canadian seniors aged 65 and older, offering financial relief alongside a $650 top-up. This article outlines eligibility, how to apply, and key payment dates, ensuring seniors are well-informed about their entitlements under the Old Age Security (OAS) program.