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Benefits & Credits 112

Retired couple reviewing estate planning documents with a financial advisor $15 Million: The New Estate Tax Exemption After the OBBBA Made It Permanent If you have been putting off estate planning because the rules kept changing, 2026 is finally a year with some good news. The One, Big, Beautiful Bill (OBBBA) permanently raised… Comments 0 2026.08.20
Retiree reviewing CPP Post-Retirement Benefit paperwork while working part-time Still Working After Starting CPP? Here’s What the Post-Retirement Benefit Adds If you started collecting your Canada Pension Plan (CPP) retirement pension but you’re still working — full-time, part-time, or self-employed — you might be surprised to learn something: your pension… Comments 0 2026.08.19
Adult child reviewing tax paperwork with an elderly parent at home Paying for Adult Day Care for a Parent? The Dependent Care Credit Could Cover Up to 35% If you are paying for adult day care or an in-home aide so you can keep your job while looking after an aging parent, you may already be eligible for… Comments 0 2026.08.18
Canadian couple in their early 60s reviewing benefit paperwork at home Canada’s Allowance for Ages 60 to 64: What It Pays and Who Qualifies in 2026 If you’re between 60 and 64 and your spouse or common-law partner already receives the Guaranteed Income Supplement (GIS), you may qualify for a federal monthly payment called the Allowance.… Comments 0 2026.08.17
Retired couple reviewing their Social Security COLA increase letter at home Social Security’s 2026 COLA Is Now in Your Check: Here’s the New 2.8% Payment Breakdown Social Security’s 2026 cost-of-living adjustment (COLA) is officially 2.8%, and it’s already changing monthly benefit amounts for tens of millions of retired workers, disabled workers, and survivors across the United… Comments 0 2026.08.16
Retiree working part-time while reviewing Social Security benefits on a tablet Working Before Full Retirement Age? Social Security’s 2027 Earnings Limit Rises to $25,560 If you started collecting Social Security retirement benefits before your Full Retirement Age (FRA) and you’re still earning a paycheck — whether from a full-time job, part-time work, or self-employment… Comments 0 2026.08.15
Canadian senior reviewing Allowance for the Survivor application documents Widowed at 60 in Canada? How the Allowance for the Survivor Works If your spouse or common-law partner has died and you’re between 60 and 64, you may be stuck in an awkward gap: too young for Old Age Security (OAS), but… Comments 0 2026.08.14
person reviewing medical paperwork and disability benefit documents at home SSDI vs. SSI: Which Disability Benefit Actually Applies to You in 2026? If a medical condition has made it impossible for you to keep working, Social Security Disability Insurance (SSDI) may be able to replace part of your lost income. Unlike Supplemental… Comments 0 2026.08.13
Calculator and medical receipts on a desk representing tax deduction calculations $4,700, Not $9,200: How the 7.5% AGI Threshold Actually Shrinks Your Medical Deduction If you’re paying more out of pocket for doctor visits, dental work, hearing aids, or Medicare premiums than you used to, you’re not imagining it. The good news: a lot… Comments 2 2026.08.10
Adult daughter helping her senior mother review Canada Caregiver Credit paperwork at home Don’t Assume You Need a DTC Certificate to Claim the Canada Caregiver Credit If you’re helping pay for the day-to-day care of a spouse, parent, or grandparent with a physical or mental impairment, the Canada Revenue Agency has a tax credit built specifically… Comments 0 2026.08.09