👉In light of economic uncertainty and the escalating cost of living, one-third of Canadians intend to reduce household expenditures, according to a recent BMO Economics report. According to a fall survey by Ipsos, thirty percent of respondents intend to reduce their spending, with forty-two percent making it a New Year's resolution. An equivalent proportion, 68%, do not have a financial plan in place, while 60% do not have a household budget. Unknown expenditures (82%), the overall financial situation (81%), household expenditures (65%), and bill management (61%), are among the concerns. The survey indicates that anticipated interest rate reductions and a moderation of inflation could provide some solace.✅ . . #CanadianBudgets2024 #FinancialPlanning #Budgeting2024 #PersonalFinance ent #SavingsGoals #FinancialWellness #SavingsGoals #mnm #malayalisnearmeapp #canadaupdate #canadanews

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👉The Canadian government has promised to implement automatic tax filing in an effort to ensure that Canadians no longer miss out on benefits they're entitled to. The move follows a report by the parliamentary budget officer which found that approximately $12 billion in federal benefits goes unclaimed each year, often due to individuals not filing their taxes or filing them incorrectly. Automatic tax filing will streamline the process and ensure that individuals receive the benefits they're entitled to without having to navigate a complicated system. While there is no timeline for implementation yet, this is welcome news for Canadians who are looking for ways to simplify their financial lives.✅ . . #AutomaticTaxFiling #CanadaBenefits #SimplifyFinances #TaxTime #FederalBenefits #FinancialWellness #TaxSystemImprovements #PersonalFinance #mnm #malayalisnearmeapp #canadaupdate #canadanews