Welcome to Ajax Control Toolkit’s Economy section. Get the latest financial news, trends, and insights. Stay informed on market analysis, economic forecasts, and government policies to make smarter financial decisions.
The Canadian Government has introduced a significant benefit aimed at helping families cover the cost of dental care for their children. The $650 Dental Benefits for Canadian children offer tax-free payments to eligible families, providing essential financial support for dental checkups and procedures. This article explains how to claim this benefit twice per child and … Read more
The Canadian government introduced the Double GST Tax Credit as a temporary financial relief measure for taxpayers. This initiative was aimed at helping low and moderate-income individuals and families cope with rising inflation by doubling the Goods and Services Tax (GST) credit for six months. This article explores what the Double GST Credit is, its … Read more
The Social Security Administration (SSA) provides crucial financial support through programs like Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). These benefits are essential for millions of Americans, particularly low-income seniors and disabled individuals. This article covers the latest updates on the $2000 SSI and SSDI debit cards, including the release date, eligibility … Read more
This year, some Social Security recipients will experience a rare occurrence: receiving two payments in a single month. This isn’t due to any extra benefits, but rather a calendar quirk that specifically affects Supplemental Security Income (SSI) beneficiaries. If you rely on SSI, you might be wondering why this is happening and how it will … Read more
Seniors living on a fixed income depend heavily on Social Security and personal savings to meet their financial needs in retirement. Keeping a healthy balance in their accounts and ensuring that their needs are covered requires careful financial planning. A critical aspect of this planning is knowing when Social Security payments are scheduled. Knowing the … Read more
The retirement age is a hot topic in the realm of Social Security, as any changes or new laws can impact millions of beneficiaries and the overall federal pension system. Recent debates suggest that our current knowing of retirement age might soon change. In high-income countries, the average retirement age is expected to rise by … Read more
The Social Security payment system plays a crucial role in the financial planning of millions of retirees and disabled individuals across the United States. The U.S. Social Security Administration (SSA) follows a systematic schedule for disbursing benefits, with payments typically sent out on the second, third, and fourth Wednesdays of each month. For many, knowing … Read more
When it comes to filing income taxes in Canada, taxpayers can take advantage of several tax credits that reduce their overall tax burden. One of the most significant of these is the Basic Personal Amount (BPA), a non-refundable tax credit available to all Canadian residents. This tax credit plays a crucial role in reducing the … Read more
In less than three weeks, Supplemental Security Income (SSI) recipients will receive the second Social Security payment of the month. The Social Security Administration (SSA) rescheduled the September 1st payment to Friday, August 30th. Eligible individuals and couples could receive up to $943 and $1,415, respectively. Additionally, some SSI recipients could receive more benefits during … Read more
Every year, retirees across the country eagerly anticipate a boost in their Social Security checks, courtesy of the Cost of Living Adjustment (COLA). This adjustment helps to ensure that their benefits keep pace with inflation, safeguarding their purchasing power. However, while the COLA generally protects against inflation, there are some lesser-known factors that could lead … Read more