Lowincome Seniors Receive Tax Refund Cheques

first_imgThe province is returning provincial income tax to more than 16,000 seniors this week as part of its commitment to help make life more affordable. For the second year, Nova Scotia seniors who receive the Guaranteed Income Supplement will be refunded their provincial income tax for the 2011 taxation year. The cheques will provide eligible seniors an average of $457, and at least $50. “We’re putting this money back into the hands of seniors who need it, because we know that every dollar counts,” said Premier Darrell Dexter. “Some of Nova Scotia’s seniors need a little extra help to make ends meet. Initiatives like this one help make life more affordable for thousands of low-income seniors.” Seniors do not have to apply for this refund, but they must file a tax return each year. The Department of Finance uses information from tax returns to assess eligibility and to process the refunds. “We are committed to helping provide seniors with the means to age positively,” said Denise Peterson-Rafuse, Minister of Seniors. “Through this tax refund, and other initiatives, we are working hard to give our seniors the support they need.” As additional tax-return information is received from the Canada Revenue Agency, more refund cheques will be processed and mailed. Those who did not file a return for the 2011 taxation year, but who are eligible, can still receive the refund when they file a tax return. In addition to the 2011 tax year refunds being mailed this week, the department will also be sending cheques to more than 400 seniors for the 2010 tax year after receiving additional data from the Canada Revenue Agency.last_img read more

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Survey US manufacturing grew again in April

WASHINGTON – U.S. manufacturing expanded in April for the second straight month, suggesting that factories are adapting to a strong dollar and economic weakness overseas, according to a private survey.The Institute for Supply Management said Monday that its manufacturing index came in at 50.8 last month, down from March’s 51.8 reading but above the 50 threshold that signals growth. The March number had snapped a five-month losing streak for manufacturers.Export orders grew faster in April. Still, the index came in below economists’ expectations, and new orders and production grew more slowly last month than they did in March. A measure of employment fell, suggesting that factories are cutting workers.Eleven of 18 manufacturing industries reported growth last month, and 15 reported increases in new orders and production. “This morning’s report brings another welcome sign of stabilization for the US manufacturing sector,” Barclays economist Rob Martin wrote in a research report.The dollar surged last year, but has fallen since January, giving American factories some relief. A strong dollar makes U.S. goods more expensive in foreign markets. Bradley Holcomb, chair of ISM’s manufacturing survey committee, expects manufacturing to show resiliency “if the dollar continues to behave itself.”The ISM, a trade group of purchasing managers, surveys about 200 U.S. companies each month.Last week, the Commerce Department reported that orders to U.S. factories for long-lasting goods rose in March, rebounding from a drop in February. But the gain was generated by rising demand for military equipment, a volatile category. Excluding defence, durable goods orders dropped 1 per cent in March.The American economy has drawn more strength from services than manufacturing. The ISM’s services index has come in above 50 every month since January 2010. Survey: US manufacturing grew again in April FILE – In this Monday, Dec. 7, 2015, file photo, the second Boeing 737 MAX airplane being built is shown on the assembly line in Renton, Wash. On Monday, May 2, 2016, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for April. (AP Photo/Ted S. Warren, File) by Paul Wiseman, The Associated Press Posted May 2, 2016 8:21 am MDT Last Updated May 2, 2016 at 11:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

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