Canadian seniors have reason to celebrate as a special $1,600 CPP bonus payment is set to roll out in April 2025. This one-time financial boost is part of ongoing efforts to support retirees as living expenses continue to rise. If you’re receiving CPP or nearing eligibility, here’s everything you need to know about the payment amount, qualifications, and … Read more
Are you a senior citizen in Canada eagerly waiting for some financial relief in 2025? Good news! The federal government has announced significant increases to Old Age Security (OAS) and the Canada Pension Plan (CPP) that could boost your income by $1,400 to $2,600 this year. Here’s everything you need to know about the payment hikes, eligibility, schedules, and what steps … Read more
The Canada Pension Plan (CPP), Old Age Security (OAS), and Veteran Disability Pension payments are scheduled for release this week. Additionally, Ontario Disability Support Program (ODSP) payments will be available on the last day of March. Here’s a detailed breakdown of when each payment will be issued: Payment Dates for March 2025 If you’re entitled … Read more
Effective April 1, 2025, significant adjustments to minimum wage rates will take place across Canada, impacting both federally regulated sectors and several provinces. These changes aim to align wages with the rising cost of living and inflation, providing workers with enhanced financial support. Federal Minimum Wage Increase The Government of Canada has announced an increase … Read more
As April 2025 approaches, Canadian seniors should be aware of updates to federal pension programs: Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS). These programs provide essential financial support to retirees and low-income seniors. Canada Pension Plan (CPP) Enhancements The CPP underwent enhancements starting in 2019, aiming to increase retirement … Read more
The Canada Revenue Agency (CRA) administers Employment Insurance (EI) Maternity and Parental Benefits to support Canadians who are expecting or have recently welcomed a new child. These benefits provide financial assistance during a pivotal time, allowing parents to take leave from work to care for their newborn or newly adopted children. Eligibility Criteria To qualify … Read more
Your retirement savings play a vital role in securing your financial future, serving as the main source of income once you stop working. However, the Canada Revenue Agency (CRA) can take a substantial portion of your savings through taxes, forcing you to delay retirement or live on a tighter budget. While many people carefully plan … Read more
In 2025, a variety of government programs managed by the Canada Revenue Agency (CRA) will provide Canadians with an estimated total of $4,100 in direct payments. This isn’t a single lump sum, but a combination of multiple federal benefits aimed at assisting seniors, low-income workers, and families with children. The amount reflects the total from … Read more
The Canada Pension Plan (CPP) pension increase set for March 2025 promises a significant financial boost for eligible seniors. By combining benefits from Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and CPP, qualifying seniors may receive up to $2,200 per month. This increase is part of the Canadian government’s ongoing efforts to assist … Read more
The Canada Child Benefit (CCB) continues to support Canadian families, with a major boost for the year 2025. For eligible families with children, March 2025 brings a payment of up to $7,787. This non-taxable benefit helps families cover the rising costs of raising children. With a 4.7% increase in 2024, the CCB payments for 2025 … Read more
