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Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, [3] the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, [4] and personal income tax deadlines for 2019 were extended.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
If you're feeling uneasy about the future of Social Security right now, you're not alone. A whopping 87% of U.S. adults say they're concerned about the program, according to a 2024 poll from ...
In 2023 the CRA began investigating its employees who had utilized the CERB benefit while being employed with the agency. [73] On October 16 2024, following an internal investigation it was announced over 330 employees that worked for the CRA no longer work for the agency.
Social Security’s trust fund reserves are expected to run out of money sometime in fiscal 2034, which begins October 1, 2033. The committee estimated that under Trump’s plan, the program would ...
“Right now, up to 85% of Social Security benefits can be subject to taxes, which feels like an extra burden when you’re already managing a fixed income,” she explained.
Social Security benefits are as close to a "sacred cow" as it gets in American politics. "Any presidential campaign would be doomed if they looked to scale back Social Security in any way," noted ...
The Trustees of the Social Security and Medicare trust funds expect the Social Security trust fund to be insolvent in 2033. A Social Security tax cut could advance insolvency to 2032, leaving you ...