In recent weeks, a wave of social media posts and online articles has fueled speculation about a new \$1,860 Old Age Security (OAS) payment scheduled for July 2025. While the number has caught the attention of many seniors across Canada, the truth is far simpler—no such lump-sum OAS payment exists. Instead, the upcoming July deposit … Read more
Great news is on the horizon for Canadian retirees! The Canada Pension Plan (CPP) is raising its monthly retirement payments starting in 2025, with the maximum benefit now reaching \$1,433. This is a major jump from previous amounts and is aimed at helping seniors manage the pressures of inflation, rising living costs, and maintaining a … Read more
Low-income workers across Canada are set to receive a major financial boost in 2025, as the Canada Revenue Agency (CRA) confirms increased payments under the Canada Workers Benefit (CWB) program. Eligible individuals could get up to \$1,428 every quarter — adding up to \$5,712 annually — to help offset rising living costs while rewarding continued … Read more
Canadian families may soon see a substantial boost to their monthly budgets if a newly announced proposal makes its way through Parliament. The federal government has tabled a plan that would provide a \$1,200 per child top-up under the Canada Child Benefit (CCB) program, with payments expected to roll out as early as October 2025. … Read more
Canadian seniors are set to receive a welcome boost in July 2025 as the federal government adjusts the Old Age Security (OAS) pension to reflect inflation and the rising cost of living. For some retirees, the total monthly payment — including OAS and other federal supplements — could reach up to \$1,860. While the figure … Read more