Smith Bair 
Consistently, the Earned Income Tax Credit (EITC) has served as one of the most beneficial tax credits accessible for working individuals and families of low to moderate income brackets. Initially instituted in 1975, the EITC served as a small financial support and has now expanded to assist millions in alleviating their tax burdens and increasing … Read more
The Disability Tax Credit (DTC) has been an important form of assistance for Canadians who experience severe and prolonged disabilities. Effective 2025, the Canada Revenue Agency (CRA) has changed the benefit amount and adjusted eligibility criteria which influences the way Canadians benefit from the tax credit. The DTC is essential for reducing tax obligations of … Read more
The conversation developing around the two thousand dollar stimulus check for the seniors in the United States around June 2025 has brought in both excitement and uncertainty for many elderly citizens. Although the memories of past stimulus payments are fresh, it’s important to remember the old adage, “if it’s too good to be true, … Read more
Canada has published its new hourly wage forecast as of June 1, 2025, which constitutes a change for all Canadian workers. The federal minimum wage has increased to $17.75, showing the government’s attempts to accommodate at least minimum wage employment. Nonetheless, some provinces maintain higher minimums due to local developments. Federal and Provincial Wage Overview … Read more
The Australian government is stepping up once more to aid families with the upcoming Family Tax Benefit (FTB) payments due on June 2025. These payments assist families to tackle the challenging impacts of inflation on parenting. Families that qualify will receive payments between $71 and $222 per month, but the exact amount will depend on … Read more
The Ontario Trillium Benefit (OTB) remains one of the vital forms of financial assistance for the Ontario residents as it offers tax credits aimed at reducing the cost of day to day living. Starting July of 2025, qualified Ontarians will be given a payment of 360 dollars aimed at assisting with the call for energy … Read more
The steep increase in the cost of living is particularly impacting the financial situation of seniors in Canada. In response to this challenge, the Canadian government has implemented major revisions to the Old Age Security (OAS) and Canada Pension Plan (CPP) benefits scheduled for the year 2025. In an effort to better support Canadian seniors, … Read more
The Social Security Administration has implemented a new calculation for cost-of-living adjustments (COLA) resulting in a 3.4% increase in payments made every month. Payments for retirees towards the lower end of the SSA income scale will increase by approximately $60 per month, while higher earning beneficiaries will see an increase of $100. This revision is … Read more
Exciting news for Canadian retirees—the Canada Pension Plan (CPP) will see an increase starting August 2025. The Canadian Government has announced that pension payments will be adjusted upward, which will help seniors cope with inflation. This change will increase both retirement and disability pensions, affecting millions of Canadians. What Is Causing the Increase in Pension? … Read more
With the ever-evolving legislations that the federal and state governments are introducing, Australian drivers are now facing changes in penalties for common offenses more than ever. Whether you are commuting in Melbourne, taking a road trip in Western Australia, or making deliveries in Queensland, staying informed about the new and upcoming fines and demerit point … Read more