Latest news with #LauraChen
Time of India
a day ago
- Business
- Time of India
Canada's groundbreaking $2,400 disability benefit launches June 20; Who qualifies, how to apply, and what they're not telling you
Starting June 20, eligible Canadians with disabilities can apply for the Canada Disability Benefit, a federal program providing up to $200 monthly. Aimed at those with the Disability Tax Credit, the benefit seeks to alleviate poverty, with payments beginning July 2025. While praised as a crucial step, concerns remain about eligibility restrictions and potential provincial clawbacks. Tired of too many ads? Remove Ads Letters mailed Tired of too many ads? Remove Ads Eligible Canadians living with disabilities will be able to apply for the long-anticipated Canada Disability Benefit (CDB) starting June 20, a new federal financial support program aimed at lifting thousands out of deep as part of the federal government's Disability Inclusion Action Plan, the CDB will provide up to $200 per month or $2,400 annually, from July 2025 through June 2026. This landmark benefit targets working-age adults between 18 and 64 who qualify for the federal Disability Tax Credit (DTC) and have filed a 2024 tax return with the Canada Revenue Agency. If applicable, their spouse or common-law partner must also have filed their are being mailed to potentially eligible individuals throughout June. These include a unique code and instructions on how to apply. However, those who do not receive a letter may still apply by providing their Social Insurance Number, 2024 net income (line 23600 on the notice of assessment), and direct deposit can be made online, by phone, or in person at any Service Canada location. The government emphasizes direct deposit as the preferred method to ensure quicker and more reliable payments. Applications received and approved by June 30 will qualify for the first round of payments, expected to begin in the policy rollout are real lives waiting for relief. Laura Chen, 28, from Vancouver, lives with rheumatoid arthritis and describes her financial struggles as 'a constant balancing act.' She said the promise of the new benefit brought her to tears. '$200 might not seem like much, but to me, it's dignity. It means not having to borrow money for groceries or wait until payday to buy medication.'The federal government has committed $6.1 billion over six years to the CDB and an additional $1.4 billion in annual funding thereafter. But critics warn that while the benefit is an important first step, its impact may be groups say the strict eligibility requirements tied to the DTC exclude many people with real disabilities. They also caution that because the CDB is not exempt from means-testing, provinces like Alberta have already announced they will reduce provincial disability assistance dollar-for-dollar—what advocates call a 'clawback.'Other provinces, including Ontario, have yet to clarify whether they will follow many say the program symbolizes long-overdue recognition. Eligible recipients may also receive retroactive payments for up to 24 months, though not for any period before July rollout of the Canada Disability Benefit marks a historic moment in social policy. But its success will depend not only on how many Canadians receive it, but whether it truly brings the financial relief, autonomy, and dignity its architects envisioned.
Associated Press
05-03-2025
- Business
- Associated Press
GDS to Report Fourth Quarter and Full Year 2024 Financial Results Before the Open of the U.S. Market on March 19, 2025
SHANGHAI, China, March 05, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ('GDS Holdings', 'GDS' or the 'Company') (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it will report its fourth quarter and full year 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on March 19, 2025. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, March 19, 2025 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call. Participant Online Registration: Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at About GDS Holdings Limited GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company's facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company's customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets. For investor and media inquiries, please contact: GDS Holdings Limited Laura Chen Piacente Financial Communications Ross Warner Brandi Piacente
