Beginning in March 2025, eligible Canadian seniors may receive monthly benefits totaling up to $2,200 through programs such as the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). These programs aim to provide financial support to seniors, assisting with daily living expenses and enhancing quality of life. Breakdown of … Read more
Canadians across the country may be in for a financial boost this spring. Starting in April 2025, qualified individuals and families can receive up to $4,100 through a combination of Canada Revenue Agency (CRA) benefit programs. This payout is not a one-time lump sum but a total value based on various government support programs, including benefits for seniors, families, low-income … Read more
If you’re a senior in Canada depending on government assistance like the Canada Pension Plan (CPP) and Old Age Security (OAS), there’s good news ahead. The March 2025 OAS payments are coming soon, providing vital support for your retirement. What is Old Age Security (OAS)? Old Age Security (OAS) is a monthly financial benefit provided … Read more
As Canada faces rising costs of living, the government is stepping in to provide financial relief through the Canada Additional GST Payment. This tax-free payment is designed to help low- and middle-income Canadians manage essential expenses, offering a much-needed financial cushion. The Canada Revenue Agency (CRA) calculates the payment based on your income tax return … Read more
The Canada Pension Plan (CPP) provides crucial financial support to millions of Canadians, whether they are retired, facing disability, or dealing with the loss of a family member. If you’re wondering when the next round of Canada Pension Plan payments is due, we’ve got you covered. The Canada Revenue Agency (CRA) has announced that the … Read more
As 2025 begins, millions of Canadians are gearing up to receive their monthly Canada Pension Plan (CPP) benefits. With increases in payment amounts and changes in contribution rates, understanding what you’re eligible for — and when you’ll get paid — is more important than ever. The maximum monthly CPP benefit for new retirees in 2025 … Read more
