Social Security retirement benefits are intended to keep the retirees and other citizens in the United States financially secure. By considering cost-of-living adjustments (COLA) and the changes made to the Social Security system, in 2025, the average monthly Social Security retirement payment will be approximately $1,976. This benefit will be available to workers who have … 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
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
The CRA has many services to offer for pensioners living in Canada. These include some payments for their pensions and various other benefits. The CRA just recently published a report where it stated that there will be an increase of $1,720 per month once February 2025 comes into play. It will be given to those … Read more