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Government Benefits for Low-Income Canadian Families
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**The video lags a little bit due to incorrect recording settings. We apologize for the mistake**
The federal government and most provinces in Canada have different benefits programs to help Canadians with low family incomes. In this video, we dig deep into some of these benefits and give some guidelines to find out more available benefits and how much someone can qualify for under different benefits programs.
Links to government websites.
1. Canada Child Benefit
2. GST/HST credit - Overview
3. Climate Action Incentive Payment (CAIP)
4. Provincial and territorial programs
5. Ontario benefits
6. Benefits Finder
7. Child and Family Benefit Calculator
The YouTube video discusses government benefits available to low-income Canadian families, focusing on both federal and provincial programs. It outlines various benefits such as the Canada Child Benefit, Disability Tax Credit, GST Credit, and the Ontario Trillium Benefits. The presenter emphasizes the importance of adjusted net income in determining eligibility for these benefits and provides insights into how certain benefits phase out as income increases. Additionally, the video introduces tools like the Benefits Finder and Child and Family Benefits Calculator to help individuals assess their eligibility for specific programs.
Highlights
🇨🇦 The video covers federal and provincial benefits for low-income Canadian families.
🧾 Adjusted net income plays a crucial role in determining eligibility for benefits.
💰 Benefits discussed include Canada Child Benefit, Disability Tax Credit, GST Credit, and Ontario Trillium Benefits.
📊 The presenter explains how benefits phase out as income increases.
🛠️ Tools like Benefit Finder and Child and Family Benefit Calculator are introduced for eligibility assessment.
00:00 - Intro
00:56 - Benefits Overview
02:03 - Canada Child Benefit (CCB)
03:25 - Adjusted Family Net Income and Notice of Assessment
08:40 - Sales (GST/HST) Tax Credit
10:23 - Climate Action Incentive Payment (CAIP)
11:00 - Provincial Benefits
11:20 - Ontario Trillium Benefit (OTB) and Ontario Child Benefit
13:20 - All Ontario Benefits
14:10 - Benefits Finder Tool
17:05 - Child and Family Benefit Calculator
About FIRE Financial Inc.
FIRE Financial is an independent financial planning firm focusing on Pre-Retirees and Retirees, Muslim Clients and Healthcare Professionals. It provides expert-level advice on investment, mortgage, insurance, tax, estate planning etc.
About Ahmed Mahiyan
Ahmed is the CEO and Financial Planner at FIRE Financial Inc. which helps clients across Canada to achieve financial independence. He previously worked at two of the largest banks in Canada as Financial Advisor and Investment Consultant.
He is a Chartered Financial Analyst (CFA) charter holder, a Chartered Market Technician (CMT) charter holder, a Certified Financial Planner (CFP) professional, a Chartered Life Underwriter (CLU) and Personal Financial Planner (PFP) designation holder. He has a bachelor's in Economics and a master's in Finance.
Ahmed is a fiduciary financial planner, meaning he must place his client's interest ahead of his interest.
-----------------------------------------
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment or financial advice. Ahmed Mahiyan is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered investment professional. Ahmed is not responsible for investment actions taken by viewers and his content should not be used as a basis for investments or trades.
#firefinancialinc #tax #retirement #financialindependence #stockmarket #canada #investment #trader #firemovement #passiveinvesting #fiduciary #adviceonly #financialplanning #fire #fedex #recession
The federal government and most provinces in Canada have different benefits programs to help Canadians with low family incomes. In this video, we dig deep into some of these benefits and give some guidelines to find out more available benefits and how much someone can qualify for under different benefits programs.
Links to government websites.
1. Canada Child Benefit
2. GST/HST credit - Overview
3. Climate Action Incentive Payment (CAIP)
4. Provincial and territorial programs
5. Ontario benefits
6. Benefits Finder
7. Child and Family Benefit Calculator
The YouTube video discusses government benefits available to low-income Canadian families, focusing on both federal and provincial programs. It outlines various benefits such as the Canada Child Benefit, Disability Tax Credit, GST Credit, and the Ontario Trillium Benefits. The presenter emphasizes the importance of adjusted net income in determining eligibility for these benefits and provides insights into how certain benefits phase out as income increases. Additionally, the video introduces tools like the Benefits Finder and Child and Family Benefits Calculator to help individuals assess their eligibility for specific programs.
Highlights
🇨🇦 The video covers federal and provincial benefits for low-income Canadian families.
🧾 Adjusted net income plays a crucial role in determining eligibility for benefits.
💰 Benefits discussed include Canada Child Benefit, Disability Tax Credit, GST Credit, and Ontario Trillium Benefits.
📊 The presenter explains how benefits phase out as income increases.
🛠️ Tools like Benefit Finder and Child and Family Benefit Calculator are introduced for eligibility assessment.
00:00 - Intro
00:56 - Benefits Overview
02:03 - Canada Child Benefit (CCB)
03:25 - Adjusted Family Net Income and Notice of Assessment
08:40 - Sales (GST/HST) Tax Credit
10:23 - Climate Action Incentive Payment (CAIP)
11:00 - Provincial Benefits
11:20 - Ontario Trillium Benefit (OTB) and Ontario Child Benefit
13:20 - All Ontario Benefits
14:10 - Benefits Finder Tool
17:05 - Child and Family Benefit Calculator
About FIRE Financial Inc.
FIRE Financial is an independent financial planning firm focusing on Pre-Retirees and Retirees, Muslim Clients and Healthcare Professionals. It provides expert-level advice on investment, mortgage, insurance, tax, estate planning etc.
About Ahmed Mahiyan
Ahmed is the CEO and Financial Planner at FIRE Financial Inc. which helps clients across Canada to achieve financial independence. He previously worked at two of the largest banks in Canada as Financial Advisor and Investment Consultant.
He is a Chartered Financial Analyst (CFA) charter holder, a Chartered Market Technician (CMT) charter holder, a Certified Financial Planner (CFP) professional, a Chartered Life Underwriter (CLU) and Personal Financial Planner (PFP) designation holder. He has a bachelor's in Economics and a master's in Finance.
Ahmed is a fiduciary financial planner, meaning he must place his client's interest ahead of his interest.
-----------------------------------------
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment or financial advice. Ahmed Mahiyan is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered investment professional. Ahmed is not responsible for investment actions taken by viewers and his content should not be used as a basis for investments or trades.
#firefinancialinc #tax #retirement #financialindependence #stockmarket #canada #investment #trader #firemovement #passiveinvesting #fiduciary #adviceonly #financialplanning #fire #fedex #recession
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