#shorts

📑LINKS MENTIONED:

1. For RDSP: check out [ Ссылка ] for the DTC application.
2. For all Government Benefits: check out [ Ссылка ].

We discussed 10 Canadian benefits, including the:

• 🍁 Old Age Security (OAS):
- Available for Canadian citizens and permanent residents over 65.
- Amount varies based on years lived in Canada.
- Subject to income recovery tax for high earners.

• 🌍 Guaranteed Income Supplement (GIS):
- Aids low-income individuals over 65 who receive OAS.
- Eligibility criteria include age, residency, and income thresholds.

• 👨‍👩‍👧 Canada Child Benefit (CCB):
- Provides tax-free payments to families with children under 18.
- Amount depends on the number of children and family income.

• 📚 Student Grant:
- Converts loans into grants for eligible full-time students.
- Grant amount varies based on family income and size.

• 💼 RESP Account (Registered Education Savings Plan):
- Supports saving for children's education with government grants.
- Offers a lifetime contribution of $7,200, with matching up to $2,500 per year.

• ♿ RDSP Plan (Registered Disability Savings Plan):
- For individuals with long-term disabilities.
- Government matches contributions, with grants up to $70,000 and bonds up to $20,000.

• 💵 Various Tax Credits:
- Includes GST/HST, Disability, Home Accessibility, Canada Caregiver, Canada Training,
- First-time Home Buyer, and Climate Action Incentive Payment.
- Disability Tax Credit helps open RDSP accounts.
- Climate Action Incentive Payment varies by province.

• ⚡ Zero Emission Car Tax Credit:
- Encourages buying eco-friendly cars.
- Provides a tax credit for eligible zero-emission car purchases.
• Employment Insurance including regular, maternity and parental benefits.
• RRSP, union & professional dues and various other deductions
• Provincial drug programs and federal dental benefits.
#CanadianGovernmentBenefits #freemoney #canada #immigrantmoney

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