A rumour is spreading rapidly that Canadian seniors could get a $1,266 annual increase in OAS payments. If this were true, it would mean an average increase of $105.5 each month, which would be a relief for seniors struggling with rising inflation. However, the Canada Revenue Agency has clearly mentioned in its official statement that … Read more
Every quarter, the Canada Revenue Agency (CRA) makes changes to Old Age Security (OAS) benefits, including its additional payments. As the first quarter of this year progresses, seniors are expecting to receive a $1,900 OAS payment this month. Service Canada reviews these benefits to take into account the increasing impact of inflation to help seniors … Read more
In February 2025, Canada will be issuing $1025 payments as part of the Canada Pension Plan (CPP), providing much-needed financial assistance to eligible Canadians. These payments are designed to support retirees, individuals with disabilities, and survivors who depend on the CPP benefits for their daily living expenses. The $1025 CPP payments will be a welcome … Read more