The Canada Revenue Agency (CRA) has confirmed the continuation of the GST/HST credit program in 2025, providing tax-free financial relief to low- and modest-income individuals and families. The benefit helps offset the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) paid on essential goods and services. One key component of this program is … Read more
As energy costs continue to climb across Australia, the government has introduced a $500 Energy Rebate for 2025 to cushion the impact on households and small businesses. This initiative provides quarterly electricity bill credits to eligible recipients and is part of a broader cost-of-living relief strategy. While many will receive the rebate automatically, others may … Read more
In a major step to support older Australians, the government has announced a $1,800 pension boost beginning in June 2025. This increase is designed to address rising living costs and ensure that retirees can maintain a dignified and stable lifestyle. Let’s explore what this increase entails, who is eligible, when payments will begin, and how … Read more
Starting July 1, 2025, major changes to Australia’s superannuation system will come into effect, bringing with them a host of regulatory improvements and the much-anticipated increase in the Superannuation Guarantee (SG) rate. These reforms aim to better secure the retirement future of Australian workers by ensuring consistent employer contributions, improving fund transparency, and protecting long-term savings. Superannuation Guarantee Rate Rises to … Read more
The Social Security Administration (SSA) is gearing up for its third and final scheduled payment for May 2025, which will be released on Wednesday, May 28. This installment is part of SSA’s regular monthly disbursement plan for retirees, disabled individuals, and survivors relying on federal benefits as a primary source of income. Who Will Receive … Read more
In a significant move towards modernization, the Social Security Administration (SSA) has announced the activation of automatic SMS notifications starting May 2025. This initiative aims to provide beneficiaries with real-time updates on their Social Security accounts, enhancing security and ensuring timely information dissemination. What Are the New SSA SMS Alerts? The SSA’s new SMS alert system is designed to notify beneficiaries instantly … Read more
Good news is circulating for seniors in Canada – the Canada Revenue Agency (CRA) is reportedly preparing a $2,700 financial assistance payment for low-income elderly citizens. This potential benefit is being closely watched as seniors across the country await official confirmation and a payment timeline. In this article, we fact-check the $2,700 CRA payment, break … Read more
The Social Security Administration (SSA) has officially announced four key changes to payment rules for 2025. These updates will impact current retirees, future beneficiaries, and even working professionals nearing retirement age. From increased monthly benefits to higher earnings caps and retirement age adjustments, these changes are critical to understand for your financial planning. In this … Read more
Western Australian households are in line for financial relief as the state government rolls out a $700–$750 cost of living credit to combat rising electricity expenses. This measure aims to ease the burden of inflation on residents by directly reducing power bills at crucial points during the year. Here’s everything you need to know about … Read more
tarting July 1, 2025, significant changes to Australia’s Age Pension will come into effect, impacting millions of retirees and pensioners. These adjustments aim to provide financial relief amid rising living costs and ensure a more secure retirement for Australians. Key Increases in Pension Rates The Age Pension is adjusted biannually to reflect changes in the cost of living, measured by the Consumer … Read more