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PSAC strikers outside a CRA office in Surrey, British Columbia. On April 7, the CRA bargaining group voted to enter a legal strike position. [21] On April 12, the national president of PSAC, Chris Aylward, announced that the Treasury Board bargaining unit had voted overwhelmingly in favour of entering into a legal strike position, thus granting the group a 60-day window to initiate a labour ...
The amount of income tax that an individual must pay is based on the amount of their taxable income (income earned less allowed expenses) for the tax year. Personal income tax may be collected through various means: deduction at source – where income tax is deducted directly from an individual's pay and sent to the CRA.
List of CRA Commissioners and date of appointment Name: Date appointed: Bob Hamilton August 1, 2016 [21] Andrew Treusch January 14, 2013 [22] Linda Lizotte-MacPherson October 13, 2009 [23] William Baker April 2, 2007 [24] Michael Dorais December 20, 2004 [25] Alan Nymark June 2, 2003 [26] Robert A. Wright November 1, 1999 [27]
On average, Social Security benefits will increase by more than $140 a month in 2023, the SSA said. The 8.7% COLA is the biggest annual increase since the 11.2% adjustment in 1981. When Will My ...
Social Security recipients will get a big bump in income beginning in 2023 thanks to an 8.7% annual cost-of-living adjustment — the highest in more than 40 years. The increase will raise the ...
With this in mind, experts are speculating that the 2023 COLA could be as high as 10%. That would represent the biggest increase since 1981 when the COLA hit 11.2%, AARP.org wrote.
Instead of a "pay-as-you-go" structure, the CPP is expected to be 20% funded by 2014, with this funding ratio to constantly increase thereafter toward 30% by 2075 (that is, the CPP Reserve Fund will equal 30% of the liabilities, or accrued pension obligations). Create the CPP Investments (CPPI). Review the CPP and CPPI every 3 years.
Huge Social Security increase. Social Security beneficiaries will see a pay raise next year thanks to an 8.7% increase in the Social Security cost-of-living adjustment (COLA) for 2023.. The ...