CA

BPA Tax Credit 2024: Claim $2,355 in Savings with the Basic Personal Amount

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BPA Tax Credit 2024 Claim $2,355 in Savings with the Basic Personal Amount

The Basic Personal Amount (BPA) tax credit is a vital component of Canada’s income tax system, providing crucial financial relief to taxpayers. As we head into the 2024 tax season, it’s important to understand how this credit can significantly reduce your tax burden. The BPA lowers your taxable income, which in turn decreases the amount … Read more

Confirmed! Canada Pension Boost – Expected CPP, GIS, and OAS Increases in August 2024

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Retirement brings a mix of emotions: the freedom from work coupled with the financial uncertainties that often accompany this life stage. In Canada, retirees can find some relief through two major government programs: Old Age Security (OAS) and the Canada Pension Plan (CPP). Both programs are designed to offer financial stability and are adjusted annually … Read more

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