There are claims and social media reports stating that from February 2025, the citizens of Canada will be receiving an extra CPP payment amounting to $1560 monthly. The government is allegedly increasing this in a bid to boost the financial security of the retired citizens and the elderly, enabling them to live their life with … Read more
It is said that this payment will be issued to eligible Canadians. GIS, which forms part of Canada’s OAS plan, is a mechanism by which the Canadian government provides financial support to seniors who are aged 65 years old and above. In fact, it will also be useful to people who have income so limited … Read more
The Canadian government offers myriad cash benefits for pensioners such as those from the Canada Pension Plan, now 2025 will bring $3,000 monthly pension payments. Pensioners will likely reach up to $3,000 per month under the CPP benefit in 2025. This means that how much a pension plan beneficiary would claim amount up to $3,000 … Read more
Senior citizens in Canada are given many benefits by the government, including Old Age Security (OAS) payments. It is a pension plan given to senior citizens aged 65 years or older. Recently, there have been rumors that senior citizens will be given an OAS benefit of $1,790 and an additional $943 every month by the … Read more
The Old Age Security (OAS) benefit amount is a monthly pension payment given to the senior citizens of the country. The main purpose of the OAS payment is to financially support the elderly who are completely dependent on the pension amount. This amount helps them to meet their everyday needs, pay bills and utility services, … Read more
GIS stands for the Guaranteed Income Supplement. It is one of the financial support programs in Canada especially for the low-income seniors across the country. GIS offers supplementary monetary support for the seniors already receiving the old age security pension. The statement that there are many reports of increasing $2,577 in GIS payments by February … Read more
The Canadian government has also announced a $2200 OAS benefit for 2025, which is to be distributed to the elderly Canadian citizens. This $2200 will be a one-time increase in the form of direct OAS benefit, which is to be given to the elderly. Many rumors surround this rise and much excitement has been found … Read more
In recent weeks, there have been many discussions about a significant increase in OAS (Old Age Security) payments, with claims that recipients will receive a payment of $3500 in February 2025. This projected $3500 increase has caught the attention of Canadian seniors and now many seniors want to know what the reality of this claim … Read more
Such a significant step taken by the Canadian Government for their senior citizens involves adding an increase of $1100 to their CPP payment yearly. The Canada Pension Plan (CPP) is a contributory scheme. Under this, the working citizen pays for this period and then draws this pension in old age i.e. at the age of … Read more
In Canada, families who raise children with physical or mental disabilities are given financial assistance by the CRA (Canada Revenue Agency). It is called the “Child Disability Benefit” (CDB). This financial assistance program provides a benefit of $3,322 per year to families with children with disabilities. This is available to families with children who have … Read more