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As a Canadian citizen, you may be entitled to various government assistance programs and payments that can provide much-needed financial support. Understanding the available options can help you maximize the benefits you’re eligible for and ensure your family’s well-being. In this article, we’ll explore some of the key payments and programs that Canadian citizens can potentially access.

Canada Child Benefit (CCB)
The Canada Child Benefit is a tax-free monthly payment made to eligible families to help with the costs of raising children. The amount you receive is based on factors such as your family’s income, the number of children, and their ages. This benefit can make a significant difference in managing the expenses associated with raising a family.

Old Age Security (OAS) and Canada Pension Plan (CPP)
As you approach retirement age, you may be eligible for two crucial government programs: Old Age Security (OAS) and the Canada Pension Plan (CPP). OAS is a monthly payment available to Canadian citizens and legal residents who are 65 years of age or older and have lived in Canada for at least 10 years. CPP, on the other hand, is a retirement income system that provides benefits based on your contributions throughout your working life.

Goods and Services Tax (GST) / Harmonized Sales Tax (HST) Credit
The GST/HST credit is a quarterly payment designed to help offset the cost of the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) for low- and modest-income individuals and families. The amount you receive is determined by your family size, marital status, and income level.

Disability Benefits
If you are living with a disability, you may be eligible for various disability-related benefits and programs, such as the Canada Disability Savings Grant, the Canada Disability Savings Bond, and the Disability Tax Credit. These initiatives aim to provide financial assistance and support to individuals with disabilities and their families.

Employment Insurance (EI)
The Employment Insurance (EI) program offers temporary income support to eligible workers who have lost their job, are unable to work due to illness or injury, or are taking time off to care for a family member. This can be a valuable safety net during periods of unemployment or medical leave.

It’s important to note that the eligibility criteria and application processes for these programs may vary, and it’s always best to consult the relevant government websites or speak with a financial advisor to ensure you’re making the most of the assistance available to you as a Canadian citizen.

By understanding and accessing the various government payments and assistance programs, you can better navigate the financial landscape and enhance your family’s overall well-being. Stay informed, explore your options, and take advantage of the support systems in place to empower you as a Canadian citizen.

What started as a casual hobby for John quickly turned into a lucrative side hustle. John, a 32-year-old office worker, first became interested in coin collecting, or nummismatics, about 5 years ago. He would spend his free time scouring flea markets, garage sales, and online listings, searching for rare and valuable coins to add to his growing collection.

“I was fascinated by the history and artistry of old coins,” John explains. “There’s something really special about holding a piece of currency that was used generations ago.” As his collection grew, John began to notice that certain coins were worth far more than their face value. He started researching the coin market, learning about factors that influence a coin’s value, such as rarity, condition, and historical significance.

Soon, John was not only collecting coins for his own enjoyment, but also strategically purchasing coins that he knew he could sell for a profit. He would spend hours scouring online auction sites and connecting with other collectors to source rare and valuable coins. Anytime he came across a coin he deemed undervalued, he would buy it with the intention of reselling it later.

This hobby-turned-side-hustle started paying off. Within a couple of years, John was earning several thousand dollars per month from buying, selling, and trading coins. “It started as just a fun way to spend my free time, but I quickly realized there was real money to be made,” he says. “Now coin collecting is not only a passion of mine, but also a reliable source of supplemental income.”

John has become so successful that he’s been able to turn his coin business into a full-time endeavor. He now spends his days researching the market, attending collector events, and negotiating deals with other nummismatists around the world. And he has no plans to stop anytime soon. “Coin collecting is such a fascinating and rewarding hobby,” he says. “The fact that I can make a living from it is just the icing on the cake.”