The Guaranteed Income Supplement (GIS) is a vital financial assistance program designed to support low-income seniors aged 65 and older in Canada. This non-taxable benefit, administered alongside the Old Age Security (OAS) pension, undergoes quarterly adjustments based on the Consumer Price Index (CPI) to reflect inflation and changes in the cost of living. For the … Read more
The GST/HST refund program, introduced by the Canadian government and managed by the Canada Revenue Agency (CRA), offers financial relief to low-income individuals and families who pay regular taxes. This non-taxable payment is issued four times a year, with the next scheduled payment date for April 2025 being April 5. To ensure eligibility and timely … Read more
The question of whether Alberta should create its own provincial pension plan or remain part of the Canada Pension Plan (CPP) has resurfaced, fueled by a recent report. The topic was previously raised by a 2023 report commissioned by the Alberta government, which sparked debate about the province’s financial contributions to the CPP. Key Findings … Read more
If you’re a low-income worker in Canada, the Canada Workers Benefit (CWB) could put extra money in your pocket in 2025. With a maximum benefit of up to $2,739 for families and $1,518 for single individuals, the CWB provides much-needed support for those trying to make ends meet. Even better? The payments are made in advance throughout the year. Here’s … Read more
The Goods and Services Tax (GST) credit is an essential financial benefit for Canadian individuals and families with low or modest incomes. It helps offset the cost of the GST or HST paid on goods and services. For 2025, there have been updates to the GST payment amounts and schedules, and beneficiaries should be aware of these changes to ensure they receive the … Read more
The Old Age Security (OAS) payment is one of Canada’s primary financial support programs for seniors. The $2,455 OAS payment in 2025 has raised questions about eligibility, calculation, and payment dates. This article will walk you through everything you need to know about the OAS program, including how to qualify, payment dates, and tips to … Read more
Canada’s Open Work Permit (OWP) offers foreign nationals an opportunity to work in any employer-employee relationship without being tied to a specific job offer. This flexibility is especially beneficial for international graduates, spouses of skilled workers or students, and those waiting for permanent residency. As of 2025, the program has undergone several improvements to make … Read more
In 2025, Canadian parents have access to financial support through Employment Insurance (EI) maternity and parental benefits, as well as the Canada Child Benefit (CCB). Understanding these benefits is crucial for effective family financial planning. EI Maternity and Parental Benefits EI maternity and parental benefits provide temporary income support to parents during periods they are away … Read more
The news surrounding the potential Canada OAS & CPP Double Payment in March 2025 has created a lot of buzz among Canadian seniors and pensioners. Many are wondering about the eligibility requirements and the amount they could receive. This comprehensive guide provides detailed information on what you need to know regarding the March 2025 OAS … Read more
If you’re between the ages of 60 and 64 and have lost your spouse or common-law partner, you could receive a monthly payment of up to $1,647.34 through Canada’s Survivor Allowance in March 2025. This financial assistance is designed to help low-income individuals navigate the difficult transition following the loss of a loved one. Here’s everything you need to know about the … Read more