Skip to main content

Featured

Europe Scorched by Record Heatwave: France and Italy Take Emergency Measures

As a blistering heatwave tightens its grip on Europe, countries are scrambling to protect citizens from soaring temperatures and mounting health risks. France has shuttered over 1,350 schools  and closed the top floor of the Eiffel Tower as temperatures surged past 40°C (104°F)  in several regions. Sixteen French departments are now under the highest heat alert, with authorities urging people to stay hydrated and indoors during peak hours. Meanwhile, Italy has imposed restrictions on outdoor work , particularly in agriculture and construction, during the hottest parts of the day. Cities like Rome, Milan, and Venice are under red alerts, with hospitals reporting a spike in heat-related illnesses. The Mediterranean Sea has also hit record highs, with waters in Spain’s Balearic Sea reaching 30°C , up to 6 degrees above average. Scientists warn that Europe—already warming at twice the global average —is facing increasingly frequent and intense heatwaves due to climate change. New ...
Post a Comment
Read more

article

Labels

9 Canadian Tax Credits You Could Claim When Filing This Year


Tax season is upon us, and it’s time to start thinking about filing your taxes. While it can be a daunting task, there are several tax credits that you might not know about that could help you save money. Here are nine Canadian tax credits that you could claim when filing this year:

  1. Canada Training Credit: This refundable tax credit is available to help Canadians with the cost of eligible training fees. You can claim the CTC on your income tax and benefit return for tuition and other fees paid for courses you took in 2023. To claim the CTC, you must meet all of these conditions: you were a resident in Canada for all of 2023, you were at least 26 years old and less than 66 years old at the end of the year, and you have a CTC limit for 2023 on your latest notice of assessment or reassessment for 2022. The maximum amount you can claim for the CTC is $5,000 in a lifetime.

  2. Multigenerational Home Renovation Tax Credit: This non-refundable tax credit is available to individuals who renovate their home to accommodate a senior living with them. The credit is worth up to $10,000 and can be claimed by either the senior or the individual who owns the home.

  3. Canada Workers Benefit: This refundable tax credit is available to low-income workers. It is designed to supplement the income of individuals who are working but earning a low income. The maximum amount you can claim for the CWB is $1,381 for single individuals without children and $2,335 for families.

  4. Donations and Gifts: This non-refundable tax credit is available to individuals who make charitable donations or gifts. The credit is worth up to 29% of the total amount donated.

  5. Interest Paid on Your Student Loans: This non-refundable tax credit is available to individuals who have paid interest on their student loans. The credit is worth up to 15% of the total amount of interest paid.

  6. Canada Caregiver Credit: This non-refundable tax credit is available to individuals who provide care to a dependent with a physical or mental impairment. The credit is worth up to $7,276.

  7. Disability Tax Credit: This non-refundable tax credit is available to individuals with disabilities. The credit is worth up to $8,576 and can be claimed by the individual with the disability or their supporting person.

  8. Digital News Subscription Tax Credit: This non-refundable tax credit is available to individuals who subscribe to digital news outlets. The credit is worth up to $500 and can be claimed for subscriptions to eligible digital news outlets.

  9. Medical Expenses: This non-refundable tax credit is available to individuals who have incurred medical expenses. The credit is worth up to 15% of the total amount of eligible medical expenses.


Labels:

Comments

Post a Comment