Good news is circulating for seniors in Canada – the Canada Revenue Agency (CRA) is reportedly preparing a $2,700 financial assistance payment for low-income elderly citizens. This potential benefit is being closely watched as seniors across the country await official confirmation and a payment timeline. In this article, we fact-check the $2,700 CRA payment, break … Read more
Canadian retirees can expect a significant boost in their monthly income in 2025, as the Canada Pension Plan (CPP) increases its retirement pension payments. Depending on your contribution history and the age at which you start receiving benefits, monthly payments will range from $816.52 to $1,433. Understanding the Canada Pension Plan Payment Increase The CPP is a contributory, earnings-related social … Read more
In an important update for retirees, the Canada Revenue Agency (CRA) has officially confirmed that eligible seniors will receive a combined pension payment of up to $2,166 on May 28, 2025. This total includes benefits from the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS) — the three key … Read more
In 2025, the Canada Revenue Agency (CRA) continues to provide financial support to seniors through the Old Age Security (OAS) program. While individual OAS payments do not reach $3,800 per month, eligible seniors may receive a combination of benefits—including OAS, Guaranteed Income Supplement (GIS), and Allowances—that can total up to approximately $3,800 monthly. This article outlines the confirmed payment dates, eligibility criteria, … Read more
Canadian seniors are buzzing with excitement after the latest update about a $1050 CRA pension payment set to roll out in 2025. As many retirees rely heavily on government assistance to meet daily living expenses, this announcement is a crucial financial relief. This article provides a complete overview of this pension increase, its eligibility, and … Read more
The Canadian tax system is undergoing significant updates in 2025 to address rising living costs and provide more equitable financial support. These changes include enhancements to pension plans, increased contribution limits, and revised tax thresholds, directly impacting both individuals and businesses. Let’s explore the key developments and how they might affect you during the 2024 … Read more
The Old Age Security (OAS) Supplement 2025 continues to serve as a vital financial support program for seniors across Canada, providing a reliable monthly income to eligible elderly residents. The Department of Social Development administers the program to help seniors manage essential expenses without financial strain. If you’re turning 65 soon or already eligible, here’s … Read more