As 2025 approaches, key changes to the Social Security full retirement age (FRA) are set to take effect, impacting how and when individuals can claim their Social Security benefits.…
The Social Security Administration (SSA) has officially announced a 2.5% cost-of-living adjustment (COLA) for 2025, providing much-needed relief to beneficiaries amid ongoing inflation. This adjustment ensures retirees, individuals with…
The financial health of Canadian defined benefit (DB) pension plans has remarkably improved in recent quarters. As of the second quarter of 2024, the average funded ratio reached 126%,…
The Tax-Free Savings Account (TFSA) offers Canadians a unique opportunity to grow investments without the burden of taxes. You can generate a steady stream of tax-free income by strategically…
Canada has long been a beacon for skilled workers seeking new opportunities. In 2025, the country continues to offer pathways for obtaining a work visa without the necessity of…
Planning for retirement in Canada involves understanding the Canada Pension Plan (CPP), a fundamental component of the nation’s retirement income system. Knowing the CPP payment schedule and eligibility criteria…
In 2025, the Canadian government will continue to support seniors through the Old Age Security (OAS) program, providing monthly payments to eligible individuals aged 65 and older. These payments…
The Canada Post strike that commenced on November 15, 2024, and concluded on December 17, 2024, significantly disrupted mail and parcel services nationwide. Approximately 55,000 Canadian Union of Postal…
In the United States, tax season is a critical period for individuals and businesses to fulfill their tax obligations. The Internal Revenue Service (IRS) sets specific deadlines each year…
Social Security benefits have long been a crucial source of income for many Americans, particularly retirees. However, starting in 2025, certain states will start taxing these benefits, leaving many…
