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
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
All eligible Canadian seniors will, from the year 2025, enjoy a sum total of $600 top-up benefits under the OAS and CPP. The Canadian government authorities recently enhanced major social security benefits for seniors as the way of solving increasing consumer price increases. This article shall outline the criteria for receiving supplement benefits, payment process, … Read more