Articles

  1. How a lump sum can change your GIS entitlementThe Guaranteed Income Supplement (GIS) is intended for low-income seniors who receive Old Age Security (OAS). Because eligibility is based on income, a…
  2. Your Guide to Provincial Senior Drug Coverage ProgramsPrescription costs can become a significant part of a senior’s monthly budget, especially when several medications are needed for chronic conditions. In…
  3. How Alberta’s Child Benefit Compares With the CCBFamilies in Alberta may receive two separate forms of child assistance: the federal Canada Child Benefit (CCB) and the Alberta Child and Family Benefit (ACFB).…
  4. How spousal RRSPs affect OAS and GIS for low-income seniorsA spousal RRSP can help a couple balance retirement income, but it may also affect needs-tested benefits later. Withdrawals from the plan can increase taxable…
  5. What counts as working income for the Canada Workers BenefitThe Canada Workers Benefit (CWB) is a refundable tax credit for eligible low-income workers. It is designed to supplement earnings, so the type of income you…
  6. British Columbia’s senior supplement and federal income supportsBritish Columbia’s Senior’s Supplement is a provincial payment designed to provide extra income to some low-income seniors. It works alongside federal programs…
  7. How to Report Self-Employment Income for CCB RenewalThe Canada Child Benefit (CCB) is recalculated every July using information from the previous year’s tax return. For self-employed parents, accurate reporting…
  8. The new First Home Savings Account and benefit planningBuying a first home in Canada involves more than saving for a down payment. Household income, taxes, government benefits, and future cash flow can all affect…
  9. How a Provincial Move Can Change Your Child Benefit PaymentsMoving to another province can affect the amount and timing of financial support your family receives. The Canada Child Benefit (CCB) is a federal payment, but…
  10. When should you start taking CPP at 60, 65, or 70?Choosing when to begin the Canada Pension Plan retirement pension is one of the most important decisions in a retirement income plan. You can generally start…