A primary insurance amount, or PIA, is the monthly Social Security benefit you’ll receive at full retirement age. The government uses a formula to determine an individual’s primary insurance amount based on their past earnings indexed for inflation.
Bill C-81, the Accessible Canada Act: An Act to Ensure a Barrier-free Canada aims to benefit all Canadians, especially those with disabilities, by helping to create a barrier-free Canada.
What Is the Social Security Tax Limit? Once your earnings exceed a specific amount, you can stop paying into Social Security for the rest of the year. Rachel HartmanNov. 13, 2024 What Is the Best Age to Retire? The best time to exit the workforce depends on your unique situation and go...
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How does the Canada pension plan work? Anyone whose pensionable employment income exceeds $3,500 must contribute to the CPP (or QPP). This rule applies to both employees and the self-employed. "Pensionable employment is any employment for which a pension plan or fund has been set up," as...
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The Internal Revenue Service offers every taxpayer the option to itemize their deductions or to claim the Standard Deduction. The Standard Deduction amount varies depending on your filing status. However, if you have significant deductible expenses during the year, the total of which is greater than...
A credit score of 680 or above is required to qualify for the best mortgage rates in Canada. Some mortgage providers allow you to qualify with credit scores between 600 and 680, but these providers may charge higher interest rates.
Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA): PIPEDA was assented to in 2000, came into full force in 2004, and was considered a progressive law at the time. It was last updated in 2015 by the Data Privacy Act but still falls short of the GDPR’s regulat...
Employment Insurance (EI) is an unemployment insurance program inCanadathat allows individuals who have recently lost a job to receive temporary financial assistance. Employment insurance can also be extended to individuals who are unable to work because of illness or who are caring for a young chil...