Millions of people across the nation rely on Social Security benefits for their financial stability. Social Security (SSA) typically delivers payments on time each month, ensuring recipients’ financial needs are met. However, starting in May 2025, there is a risk that many recipients may miss their monthly payments—not due to any system failures but due … Read more
The Canada Revenue Agency (CRA) has introduced significant tax changes for 2025 that will impact everything from paychecks to investments and long-term financial strategies. These updates include revisions to federal and provincial tax brackets, new Canada Pension Plan (CPP) contribution rules, and a proposed increase in the capital gains tax inclusion rate. Whether you’re a … Read more
The Australian Taxation Office (ATO) has issued a cautionary reminder for businesses to report natural disaster payments correctly if they received financial support from Services Australia this year. With severe flooding affecting multiple regions of the country, various forms of disaster relief payments have been distributed. These payments are a form of government assistance, and … Read more
Filing taxes in Canada can seem daunting, but it could result in significant financial benefits. The Canada Revenue Agency (CRA) reports that many Canadians are seeing substantial refunds, making tax filing an opportunity rather than a chore. Tax Filing Deadline – What You Need to Know Canada’s tax-filing deadline is today, April 30. If you … Read more
The Social Security Administration (SSA) has announced a significant update to its digital services. Starting this summer, users will be able to access their Social Security numbers (SSN) online via the “my Social Security” portal. This move is part of an ongoing modernization effort aimed at improving service and efficiency, particularly as the SSA faces … Read more
The Department for Work and Pensions (DWP) has responded to growing concerns regarding planned cuts to benefits for individuals with disabilities, particularly those unable to work. This comes as millions of benefit recipients face changes expected in November 2026. Potential Cuts and Their Impact The government plans to tighten eligibility criteria for Personal Independence Payments … Read more
As living costs rise in Canada, renters are looking for financial support. While there’s no single $2,600 lump-sum payment currently offered by the federal government, eligible individuals can access significant financial aid from multiple federal and provincial housing programs, which combined can exceed $2,600 annually. This guide will explain who qualifies, how to apply, and … Read more
Benefit recipients may experience a shift in their payment dates due to the upcoming bank holidays in May. This change could impact individuals receiving payments from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC), including Universal Credit, Child Benefit, and other forms of financial aid. Payment Schedule Adjustments for May … Read more
If you began collecting Social Security Disability Insurance (SSDI) before May 1997, mark your calendars—May 2, 2025, is when your next SSDI payment will arrive. This is especially good news for those who receive both Supplemental Security Income (SSI) and Disability Insurance simultaneously, as this date will also serve as your payday. However, if you … Read more
Receiving a tax refund from the Canada Revenue Agency (CRA) can feel like a windfall, but it’s important to remember that this money was originally yours. According to Ameer Abdulla, a tax partner at EY Canada, a tax refund is similar to the change you get after making a purchase at the store—it’s just money … Read more
