With the recent announcement that the Extended Parental Benefit will be starting on December 3rd, parents now have 2 options when choosing how they want their parental benefits applied. Before going into the options, we want to review the conditions for you to be able to claim the EI parental benefits. To be eligible for EI special benefits such as maternity, parental and caregiving benefits, individuals must have 600 insurable hours of work in the 52 weeks preceding their claim. Self employed workers can opt into the EI program and become eligible as well by opting in for at least one...
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Last November 9th, the Federal Government announced that the changes to the Employment Insurance (EI) program included in Budget 2017 will come into effect starting December 3, 2017. Through a statement by the Minister of Families, Children and Social Development, the following changes to the EI program will be made beginning December 3rd: 1.    Eligible pregnant workers will be able to receive EI maternity benefits up to 12 weeks before their due date. 2.    Parents can choose to receive parental benefits over a period of 12 months at the current rate or up to 18 months at a lower benefit rate....
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One of the many types of debts that you should get rid of first is credit card debt.  Credit cards, although extremely convenient to use, charge high interest rates if you leave balances on them every month.  It is very stressful, to say the least, to pay off these credit cards, especially if you only pay off the minimum amount required.  A 2016 TransUnion report on credit card usage says that Canadians are using fewer active credits than in 2015 but are also borrowing more on the ones they have. Are you one of the many Canadians who have credit card...
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It has been reported that some sufferers of mental health disabilities such as autism, bipolar disorder and schizophrenia have been denied access to the disability tax credit by the CRA after having received the tax credit for years. According to the Financial Post article, “Ottawa accused of new tax grab after disability tax credit clawback hits those with mental illness,” by Jesse Snyder, several accountants, mental health associations and other advocacy groups have reported of restricted access to the Disability Tax Credit for mentally disabled people mainly because of a change in the language used to determine whether they are “adequately...
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