How the working income tax benefit tops up low wagesLow-paid work can provide valuable income while still leaving a household short after rent, groceries, transportation, and taxes. Canada’s Working Income Tax…
Receiving CPP and OAS at the same time in CanadaMany Canadians can collect the Canada Pension Plan (CPP) retirement pension and Old Age Security (OAS) together. These programs are separate, so qualifying for…
How the age amount tax credit reduces your taxesThe age amount is a Canadian non-refundable tax credit that can lower the federal income tax payable by eligible seniors. It is available to people who are at…
What to Do After a CPP or OAS Application Is DeniedA denial of Canada Pension Plan (CPP) or Old Age Security (OAS) benefits can be discouraging, but it is not always the final decision. Service Canada may have…
How Minimum Wage Increases Affect Your BenefitsA higher hourly wage can improve a household’s cash flow, but the full effect depends on taxes, payroll deductions, family size, province, and the benefits…