Planning for retirement is essential for securing your financial future, and one crucial aspect of that planning is understanding the Canada Pension Plan (CPP). For those nearing retirement, it’s important to explore the potential of receiving $1,300 CPP payments in 2025. In this guide, we’ll explore the history of the CPP, recent changes, eligibility criteria, … Read more
The claim that Canadian seniors will receive a one-time $2,700 payment in March 2025 is false. While the government provides financial aid through Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and the Canada Pension Plan (CPP), there has been no announcement regarding a lump-sum payment of this amount. Key Facts at a Glance … Read more
The Canada Revenue Agency (CRA) is expected to issue a double payment of $1,700 + $650 in March 2025, offering essential financial support to eligible seniors, low-income individuals, and families. Understanding the eligibility requirements, payment dates, and application process will help recipients maximize their benefits and avoid delays. Overview of the $1,700 + $650 CRA … Read more
As March 2025 approaches, Canadians anticipating federal and provincial assistance programs should be aware of upcoming payment dates and eligibility criteria. Timely knowledge of these details ensures effective financial planning, especially for those relying on the Canada Child Benefit (CCB), Canada Pension Plan (CPP), Old Age Security (OAS), and the Ontario Disability Support Program (ODSP). … Read more
The Canada Pension Plan (CPP) Survivor’s Pension is a financial assistance program for surviving spouses or common-law partners of deceased CPP contributors. In 2025, the benefit amount has increased, offering greater financial security for those in need. This guide explains who qualifies, how much survivors can receive, the application process, and key financial planning tips … Read more
In March 2025, Canada conducted two significant Express Entry draws, issuing a total of 5,225 Invitations to Apply (ITAs) for permanent residency. These draws underscore Canada’s dedication to attracting skilled individuals to bolster its economic growth and cultural diversity. Breakdown of the March 2025 Express Entry Draws French Language Proficiency Draw This draw specifically targeted … Read more
The Canadian tax system offers various tax credits and deductions to ease the financial burden on students. With changes implemented in 2025 under the new Canadian Prime Minister, staying informed about available benefits is crucial. Taking advantage of these credits can help reduce student loans, lower educational expenses, and save money. This guide outlines all … Read more
The Canadian government offers various financial support programs to assist seniors, notably the Old Age Security (OAS) and the Guaranteed Income Supplement (GIS). These initiatives aim to help low-income Canadians manage essential living expenses and maintain financial stability during retirement. Eligible seniors can receive up to $2,460 annually through these supplements. Understanding the $2,460 Pension … Read more
The onset of President Donald Trump’s trade war has raised concerns about its impact on Canadian pension funds. While tariffs could pose economic challenges, institutional investors are maintaining a strategic approach to navigate the uncertainties. How Are Pension Plans Responding to the Tariffs? A major question remains: Will the 25% tariffs impose significant risks on … Read more
In March 2025, Canadian seniors receiving Canada Pension Plan (CPP) benefits will see a 2.7% cost-of-living adjustment (COLA), reflecting the government’s commitment to maintaining retirees’ purchasing power amid inflation. Understanding the 2.7% CPP Increase The CPP is designed to adjust annually based on the Consumer Price Index (CPI), ensuring that benefits align with the current … Read more