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
The Old Age Security (OAS) program in Canada is designed to provide financial support to seniors aged 65 and older. Payments are reviewed quarterly—in January, April, July, and October—to reflect changes in the cost of living, as measured by the Consumer Price Index (CPI). While there was no increase in OAS payments for the April to June 2025 … 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 set to receive a $1,546 direct deposit in May 2025, combining benefits from Old Age Security (OAS) and the Guaranteed Income Supplement (GIS). This financial assistance is designed to help seniors cope with increasing living costs and inflation. If you’re 65 or older and qualify under certain conditions, you may be eligible … 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