Losing a spouse is emotionally overwhelming—and financially challenging. Recently, a viral figure of \$3,555 per month for widows in Canada has captured attention. While there is no single federal program that guarantees a monthly widow’s pension of exactly \$3,555, the reality is that low-income widows can, under certain circumstances, receive payments close to or even … Read more
A potential \$2,500 per month in retirement income may be within reach for eligible Canadian seniors in 2025, thanks to the combined power of Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). While not automatic for everyone, understanding how each program works and how they overlap can help retirees … Read more
For many Canadian seniors, Old Age Security (OAS) is the bedrock of their retirement income. So when rumors about a \$969 OAS payment in July 2025 started circulating online, it naturally raised eyebrows. But before you get too excited, let’s break down the facts—and bust a few myths along the way. Reality: Is There Really … Read more
Canadian seniors will see a boost in Old Age Security (OAS) payments starting August 2025 following the July cost-of-living adjustment. Seniors aged 75 and over will now receive up to \$808.45 per month, while those aged 65 to 74 will get a maximum of \$734.95 per month. The adjustment is part of the government’s effort … Read more
If you’re a retiree or planning to leave the workforce soon in Canada, you may have seen the headline figure of \$3,716 per month in pension income. While it sounds like a brand-new benefit, it’s actually the combined total of three existing government programs—Old Age Security (OAS), the Canada Pension Plan (CPP), and the Guaranteed … Read more