As Canadians age, many find themselves facing increased financial pressures due to rising living costs, medical bills, and other essential expenses. The Old Age Security (OAS) program, administered by the Canada Revenue Agency (CRA), offers monthly financial support to those aged 65 and older. With the upcoming OAS payment increase in April 2025, eligible seniors … Read more
If you’re a senior living in Canada, you might have heard about the $1,717 GIS payment increase expected in 2025. This news has sparked a lot of interest, especially among Old Age Security (OAS) pension recipients. While the specific amount of this increase has not been confirmed by the government yet, this guide will explain … 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 Canadian government is offering a significant financial boost for seniors in 2025, with a potential monthly benefit of up to $3,200. This amount is made possible through a combination of multiple federal programs aimed at ensuring the financial security of older adults. Whether you are nearing retirement, already retired, or helping a loved one … Read more
As Canadians approach April 2025, seniors and retirees are eagerly awaiting crucial updates regarding their Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Canada Pension Plan (CPP) benefits. These government programs are essential for providing financial support to millions of Canadian seniors, ensuring that they can meet their daily needs such as food, housing, … Read more