Some exciting news coming for seniors in Ontario. The Government is increasing the Old Age Security pension by 10% for seniors 75 and older as of July 2022. How great is that? The Old Age Security pension is a monthly payment that seniors get after you turn 65. It is Read more
The Ontario Tourism and Travel Small Business Support Grant provides a $10,000 – $20,000 grant to eligible businesses. How do you know the amount you will get? Well… the government hasn’t really explained that part. When the Government rolled out the Ontario Small business support grant, it left the tourism Read more
In typical Government fashion, they rolled out this credit and explained it in a way unlike anything they have ever explained. Thats just great… right? Steve N’ Tyler dive into this credit in this weeks Wealthy Choices episode. The Canada Training Credit is a refundable tax credit available for eligible Read more
In this weeks episode of Wealthy Choices, Steve N Tyler talk about the first time home buyers plan being increased to 35K. What is the first time home buyers plan? It’s a plan that allows you to take money from your RSP to fund the purchase of your first home. Read more
The CRA has begun sending out T4As to Canadians who received COVID-19 income benefits in 2020. This includes CERB, CESB, CRB, CRCB, and CRSB. These slips will reflect all income received from the government due to the pandemic. Letters on CERB Ineligibility Some people have also received letters stating that Read more