Claim Your $1615 OAS Payment Boost for January 2025: The Old Age Security (OAS) Payment program is a key pillar of Canada’s pension system, providing crucial financial support for seniors. With the recent announcement of a $1,615 payment increase for January 2025, many Canadians are keen to understand their eligibility and how this adjustment will … Read more
CRA Forgives $2.5 Billion Penalty on Federal Vacant Home Tax: The Canada Revenue Agency (CRA) has recently waived a staggering $2.5 billion in penalties and interest related to the Underused Housing Tax (UHT), drawing attention to the challenges faced in its implementation. This waiver amount far exceeds the $49 million in revenue collected from the … Read more
Second Tranche Salary Increase in the Philippines: The Salary Standardization Law VI (SSL VI), launched in 2024, seeks to provide competitive pay for over 1.7 million public servants in the Philippines. This pay adjustment will be executed in four phases from 2024 through 2027. These incremental increases aim to bring government wages in line with … Read more
Self Assessment Tax Return 2025: According to figures released by HMRC earlier in 2024, over 1.1 million people filed their self-assessment tax return late. Even more interesting was that more than 61,000 people submitted their returns between 4-5pm on the deadline day, and approximately 33,000 left it until as late as 11pm. This clearly indicates … Read more
Wero App Revolutionizes French Payments: Launched in October 2024, Wero is quickly gaining traction in France, offering users the ability to make instant money transfers with just a phone number. Developed by the European Payments Initiative, a collaboration of 16 European banks and financial services companies, Wero is already making waves in the world of … Read more
US Federal Reserve Reserves Drop Below $3 Trillion for First Time Since 2020: The U.S. banking system’s reserves have experienced a significant decline, dropping below $3 trillion to their lowest level since October 2020. As of January 1, bank reserves fell by $326 billion, reaching $2.89 trillion, marking the largest weekly drop in over two … Read more
Two Social Security Checks in January 2025: In January 2025, some Social Security beneficiaries in the United States may receive two different payments—one regular check and another for Supplemental Security Income (SSI). The amounts of these checks will vary depending on individual circumstances, but if you qualify for both, you will receive them without any … Read more
Visa and Mastercard Users Set to Receive $1797 Direct Payment: A recent ruling from a US court has mandated Visa and Mastercard to pay a staggering $197 million in restitution to customers. This ruling comes as a result of unlawful additional fees that both companies collected from users who withdrew cash from ATMs in the … Read more
Verizon 2025 Class Action Settlement: In 2025, Verizon Wireless reached a settlement in a class-action lawsuit, agreeing to pay $100 million to compensate customers who were affected by deceptive advertising practices. The lawsuit centered on Verizon’s failure to disclose certain extra fees, such as administrative charges, when advertising its wireless plans. As a result, many … Read more
Breaking Down the $400 CPP/OAS Benefit Increase in 2025: Good news for Canadian seniors In 2025, both Canada Pension Plan (CPP) and Old Age Security (OAS) benefits are set to rise by $400, offering much-needed financial support to those who rely on these payments. With millions of seniors depending on these programs for retirement income, … Read more