Florida Bank of America Branches Closing: What You Need to Know

With the recent news of Bank of America branches in Florida closing down, many customers are left wondering how this will impact them. Bank of America has announced that several branches will be closing across the state, affecting customers who rely on these locations for their banking needs. If you are a Bank of America … Read more

Upcoming Social Security Payments: Key Dates and Benefits for 2024

As we approach the year 2024, many individuals are looking forward to the upcoming Social Security payments, key dates, and benefits that will be available. Whether you are a retiree, disabled person, or survivor receiving Social Security benefits, it is important to stay informed about the changes that may be occurring in the coming year. … Read more

Understanding the 2025 COLA: What Retirees Need to Know

1. How COLAs are calculated The COLA is determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This measure tracks changes in prices for goods and services, and COLAs are calculated based on the percentage increase. The COLA is designed to help Social Security benefits keep pace with inflation and … Read more

Potential Extra $2300 Old Age Security Payment in July 2024

The Old Age Security (OAS) payment is a crucial source of income for many seniors in Canada. The government has recently announced a potential increase of up to $2300 in OAS payments in July 2024. This increase could significantly impact the financial well-being of many older adults. Below are five key points to consider regarding … Read more

Increased Canada Pension Plan Payments for Seniors in 2024

As of 2024, seniors in Canada can expect to see an increase in their Canada Pension Plan (CPP) payments. This is welcome news for many seniors who rely on this income to support their retirement years. The increase in CPP payments will provide seniors with additional financial stability and security as they navigate their golden … Read more

Understanding GST and HST Payments in Canada

Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are both consumption taxes that are imposed in Canada. They are designed to be a broad-based tax on the consumption of goods and services. While GST is a federal tax, HST is a combined federal and provincial tax in certain provinces. Both taxes are collected … Read more