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Sydney's Mardi Gras festival is underway in a dazzling display of pride, self-expression and championing the LGBTIQIA+ community. The world-famous parade will take place at the Sydney Cricket Ground this year in a show of passion and advocating for equal rights.
Source: 9News
<p>US has reinforced Middle East presence with warships and fighter jets as tensions escalate after Haniyeh’s killing.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/us-to-deploy-additional-warships-and-jets-to-middle-east-amid-rising-tensions/">US to Deploy Additional Warships and Jets to Middle East Amid Rising Tensions</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2023/12/House-of-Reps-1-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="JUST IN: 12 Newly Elected Representatives Take Oaths Of Office, Pledge Allegiance" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/12/House-of-Reps-1-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2023/12/House-of-Reps-1-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2023/12/House-of-Reps-1-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p> <h2>Twelve newly elected members representing various Federal Constituencies in the House of Representatives were sworn into office and pledged their allegiance on Thursday.</h2> <p>They secured victory in the parliamentary <a href="https://www.naijanews.com/2024/02/07/inec-issues-certificates-of-return-to-winners-of-rerun-bye-elections/">re-run elections held last Saturday</a>.</p> <p>Despite 15 candidates emerging victorious, only 12 were present in the House chamber for their inauguration, overseen by Speaker Abbas Tajudeen.</p> <p>Among the winners, seven are affiliated with the All Progressives Congress, five with the Peoples Democratic Party, three with the Young Progressives Party, and one with the Labour Party.</p> <p>Accompanied by their family members, friends, and political associates, the new lawmakers made their way to the National Assembly Complex for the ceremony.</p> <p>Meanwhile, the House of Representatives has instructed its Committees on Banking Regulations and Banking Institutions to carry out an investigative hearing regarding the non-compliance of commercial banks and financial institutions with the directives of the Central Bank of Nigeria on the Net Open Position Limits (NOP).</p> <p>The NOP represents the net outstanding balance of all assets, liabilities, and off-balance sheet items denominated in a specific currency.</p> <p>The CBN had, in a circular, ED/FEM/PUB/FPC/001/001, dated January 31, 2024, co- and signed by its Director, Trade and Exchange, Hassan Mahmud, and Rita Sike on behalf of the Director, Banking Supervision, addressed to all banks, directed that NOP limit “<em>should not exceed 20 per cent short or 0 per cent long of shareholders’ funds unimpaired by losses using the Gross Aggregate Method.”</em></p> <p>The circular from the apex bank further emphasized that “<em>banks whose current NOP exceed 20 per cent short of 0 per cent long of their shareholders’ funds unimpaired by losses are required to bring them to prudential limits by February 1, 2024.</em>”</p> <p>During a plenary session chaired by Speaker Tajudeen Abbas on Wednesday, the House unanimously adopted a motion of urgent national importance concerning the imperative for banks to adhere to the Central Bank of Nigeria's (CBN) policies regarding the retention of excessive long foreign exchange and Net Open Position (NOP) limits.</p> <p>The representative of Ikorodu Federal Constituency, Babajimi Benson, introduced the motion.</p> <p>Benson highlighted that the CBN is entrusted with regulating the country's monetary policies as stipulated by the CBN Act.</p> <p>He emphasized that within the scope of its duties, the CBN is authorized to formulate regulations and issue directives for commercial banks and specific financial institutions to implement.</p> <p>The post <a href="https://www.naijanews.com/2024/02/08/just-in-12-newly-elected-house-of-representative-members-take-oath-of-office-pledge-allegiance/">JUST IN: 12 Newly Elected House Of Representative Members Take Oath Of Office, Pledge Allegiance</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<img src="https://www.mtlblog.com/media-library/a-pile-of-canadian-bills-and-coins-in-outstretched-hands-illustrative.jpg?id=53841777&width=1200&height=400&coordinates=0%2C456%2C0%2C457"/><br/><br/><p>As October marches on, it's time for another round of <a href="https://www.mtlblog.com/quebec-cra-benefits-credits-payment-dates-october-2024" target="_blank" rel="noopener">government benefit payments for Quebecers</a>, including Old Age Security payments.</p><p><a href="https://www.mtlblog.com/tag/old-age-security" target="_blank" rel="noopener">Old Age Security</a> (OAS) is a monthly pension provided by the federal government to Canadians aged 65 and older. It's a key way the feds aim to help seniors cover their living expenses.</p><p>The OAS payment for October 2024 is coming next week, giving eligible seniors a financial boost to help with their monthly bills.</p><p>What's more, the Old Age Security October amount will be slightly higher than last month's payment. That's because the government increases OAS payment amounts quarterly to keep up with inflation.</p><p>If you're unsure about your eligibility, it's worth looking into the requirements for <a href="https://www.mtlblog.com/tag/benefit-payments" target="_blank" rel="noopener">benefit payments</a> like this one, as some may be automatically enrolled, while others need to apply. </p><p>Here's a breakdown of how Old Age Security works, who qualifies and how much you could get in your October payment.<br/></p><h3>What is Old Age Security?</h3><br/><p>Old Age Security (OAS) is a monthly pension that the federal government provides to Canadians aged 65 and older. It's designed to help retirees cover their living expenses and is one of the main ways the government supports seniors financially. Most people who qualify for OAS will start receiving it automatically once they reach the eligible age.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html" target="_blank" rel="noopener">More about OAS</a></p><h3>How to apply for Old Age Security</h3><br/><p>If you're turning 65 and haven't received any notification about Old Age Security, you might need to apply. </p><p>According to the Canada Revenue Agency, if Service Canada already has your information, you could be automatically enrolled. However, if you haven't heard anything by the month after your 64th birthday, it's a good idea to submit an application to make sure you don't miss out.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/apply.html" target="_blank" rel="noopener">More about applying for OAS</a></p><h3>Who is eligible for Old Age Security?</h3><br/><p>One of the best things about Old Age Security is that your work history doesn't affect your eligibility, so you can receive it whether you're retired, are still employed or have never worked at all.</p><p>To qualify for OAS, you must:</p><ul><li>Be at least 65 years old</li><li>Be a Canadian citizen or legal resident when your pension is approved</li><li>Have lived in Canada for at least 10 years since the age of 18</li></ul><p>If you're living outside of Canada, you can still qualify for OAS as long as you were a Canadian citizen or legal resident before leaving, and you've lived in Canada for at least 20 years after turning 18.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/eligibility.html" target="_blank" rel="noopener">More about OAS eligibility</a></p><h3>How much is Old Age Security in Canada</h3><br/><p>For October 2024, the maximum Old Age Security (OAS) payment is $727.67 per month for those aged 65 to 74. If you're 75 or older, the maximum increases to $800.44 per month.</p><p>The exact amount you receive depends on your income. To qualify for the full OAS payment, your 2023 annual net world income must be less than $148,451 (for ages 65 to 74) or under $154,196 (for those 75 and older). If your income is higher, your payment may be reduced. The CRA has a <a href="https://estimateursv-oasestimator.service.canada.ca/en" target="_blank" rel="noopener">payment calculator</a> you can use to estimate the amount you could receive.<br/></p><p>The pension adjusts quarterly — in January, April, July and October — based on inflation, so the Old Age Security October amount will be a bit higher than last month's and reflects any cost-of-living increases. If inflation rises, your payment goes up, but it won't decrease if the cost of living goes down.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html" target="_blank" rel="noopener">More about OAS payment amounts</a></p><h3>Is Old Age Security taxable?</h3><br><p>Yes, Old Age Security (OAS) payments are considered taxable income. Taxes aren't automatically taken out of your monthly OAS payments, but you can request to have them deducted. To do this, you can either log into your <a href="https://www.canada.ca/en/employment-social-development/services/my-account.html" target="_blank" rel="noopener">My Service Canada Account</a> or fill out the <a href="https://catalogue.servicecanada.gc.ca/content/EForms/en/CallForm.html?Lang=en&PDF=ISP-3520OAS.pdf" target="_blank" rel="noopener">Request for Voluntary Federal Income Tax Deductions CPP/OAS form</a> and send it to Service Canada.</p><p>If you don't set up monthly tax deductions, you might need to pay your taxes on a quarterly basis. Canadians living in the country will get a T4 tax slip for OAS, while those living abroad will receive an NR4 tax slip to use when filing their taxes.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/while-receiving.html#h2.3" rel="noopener noreferrer" target="_blank">More about OAS and your taxes</a></p><h3>When do Old Age Security payments go out?</h3><br/><p>The next Old Age Security (OAS) payment is scheduled to arrive in bank accounts on <strong>Tuesday, October 29</strong>.</p><p>Here are the other remaining payment dates for 2024:</p><ul><li>November 27, 2024</li><li>December 20, 2024</li></ul><p><a href="https://www.canada.ca/en/services/benefits/calendar.html" target="_blank" rel="noopener">More about OAS payment dates</a></p></br><p><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank" rel="noopener">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em></p><p><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank" rel="noopener">Editorial Standards page</a>.</em></p>
