Old Age Security Benefits increase July 1

Settlement ISC Finance, updates

The Government of Canada has announced that the Old Age Security Benefit (OAS) has been increased as of July 1st 2018. According to its news release “a single senior receiving OAS and the Guaranteed Income Supplement (GIS) with no other income may receive $1,728.84 more than in November 2015”.  The OAS program is the Government of Canada’s largest pension program. It is a monthly payment available to seniors aged 65 and older who meet the Canadian legal status and residence requirements. 

2017 Tax Return Due

Settlement ISC Finance

Do you know when is your 2017 tax return due? For most income tax and benefit returns are due on or before April 30, 2018. You should file your taxes on time to avoid the late-filling penalty, and your benefit payments aren’t delayed or stoped.  Immigrant Services Calgary is offering free volunteer-led tax preparation clinics. Our Canada Revenue Agency community …

Child and Family Benefits Calculator

Settlement ISC Finance

Do you want to know what child and family benefits you may be able to get and how many you may get? The Canada Revenue Agency provides an online child and family benefits calculator. The reliability of the results depends on the accuracy of information you input. Web link: Child and Family Benefits Calculator – CRA

Canadian Income Tax System

Settlement ISC Finance

People living in Canada pay taxes to support things like roads, schools, and healthcare. Taxes are also used to help people in need, such as low income families, students, seniors, or people with disabilities. Learn more about the Canadian Tax System.

2018 Tax Filing Season

Settlement ISC Finance

The Canada Revenue Agency has launched the 2018 tax filing season on February 26, 2018. Most Canadian income tax and benefit returns for 2017 are due on April 30, 2018. If you or your spouse or common-law partner is self-employed, you have until June 15, 2018.