The Old Age Security (OAS) payment, a vital financial aid for Canadian seniors, is set for a historic 194% increase, raising the monthly payment to $1,970 starting in March 2025. This remarkable boost will significantly enhance the financial security of retirees across Canada. But who qualifies for this increase, and how does it impact your … Read more
If you contribute to the Canada Pension Plan (CPP), you could be in for a significant increase in your retirement benefits. Starting in March 2025, the government is enhancing the CPP, granting eligible contributors an additional $2,900 in lifetime benefits. This guide walks you through everything you need to know—qualification, application, and tips to maximize … Read more
The Canada Pension Plan (CPP) serves as a fundamental component of retirement income for many Canadians, providing monthly payments to eligible contributors. Understanding the 2025 payment schedule and recent enhancements is crucial for effective financial planning. CPP Payment Dates for 2025 The CPP payments for 2025 are scheduled as follows: Month Payment Date January January … Read more
In a significant development for Canadian families, the Canada Child Benefit (CCB) is set to increase in mid-2025, starting July 2025, for the 2025-2026 benefit year. This adjustment, projected at a 2.7% rise based on inflation, will see maximum monthly payments of up to $666 per child under 6 and $562 for those aged 6 … Read more