The Canada Child Benefit (CCB) is a significant tax-free financial support program aimed at helping families with the costs associated with raising children. For the 2025 benefit year, Canadian families with children under 18 years of age can receive up to $7,787 per child under the age of 6, and up to $6,570 per child between 6 and 17 years old. This … Read more
Navigating the Canada Revenue Agency (CRA) tax transcript can feel like an overwhelming task, particularly due to the multitude of codes used to indicate different statuses of your tax return. These codes are essential for tracking the progress of your return, identifying potential issues, and taking action if needed. As we approach the 2025 tax … Read more
Social Security retirement benefits are a vital source of income for many retirees. In 2024, the average monthly benefit for retired workers is $1,980. Spouses of retired workers typically receive around $932 based on the worker’s earnings record. Maximum Social Security Benefits in 2025 While the average benefits are a good benchmark, there are maximum … Read more
Social Security benefits, including Supplemental Security Income (SSI), are a vital lifeline for millions of Americans. In April 2025, SSI recipients will receive their monthly payments on the regular schedule, but there are some important changes for the upcoming months that beneficiaries need to be aware of. This article breaks down the April 2025 SSI payment and outlines what to … Read more
Imagine checking your pocket change and discovering a coin worth millions. While it might sound like fantasy, a few rare coins have made headlines for commanding astonishing prices. One such case is a Bicentennial Quarter reportedly valued at $18.4 million, shocking collectors and investors alike. But that’s just the beginning—8 rare coins have fetched incredible sums and … Read more
The 1931-S Lincoln Cent stands as a coveted gem among numismatists, celebrated for its scarcity and historical significance. With a mintage of just 866,000, it ranks as one of the lowest production figures in the entire Lincoln Wheat Penny series. This rarity, combined with its unique attributes, has propelled its market value, with some specimens commanding prices upwards of $50,000. Historical Context The early 1930s … Read more
The Guaranteed Income Supplement (GIS) is a vital financial assistance program designed to support low-income seniors aged 65 and older in Canada. This non-taxable benefit, administered alongside the Old Age Security (OAS) pension, undergoes quarterly adjustments based on the Consumer Price Index (CPI) to reflect inflation and changes in the cost of living. For the … Read more
As April 2025 approaches, the Social Security Administration (SSA) has released the payment schedule for retirees aged 62 and older. These payments vary based on the beneficiary’s birth date and the start date of their benefits. Payment Schedule for April 2025 The SSA distributes Social Security payments on specific Wednesdays each month, determined by the beneficiary’s … Read more
Are you an older Australian looking for extra income in retirement without selling your home? Centrelink’s updated 2025 Home Equity Access Scheme (HEAS) may be the perfect solution. This government-backed initiative lets eligible seniors tap into their home equity and convert it into regular fortnightly payments—all while continuing to live in their property. Whether you’re receiving a pension or simply … Read more
As part of ongoing cost-of-living relief efforts, the Australian government has announced a one-time $890 Centrelink bonus payment for 2025. Aimed at helping older Australians manage rising expenses, this bonus is automatically distributed to eligible individuals between 65 and 67 years of age. Below, we break down everything you need to know about this financial … Read more