In 2025, Canadian seniors can anticipate a notable increase in their pension benefits, reflecting the government’s commitment to supporting retirees amid rising living costs. This enhancement affects major federal programs, including the Old Age Security (OAS), Canada Pension Plan (CPP), and the Guaranteed Income Supplement (GIS). Below is a detailed breakdown of these changes. Old … Read more
The Canada Revenue Agency (CRA) administers several benefit programs to support Canadians, including the Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. Understanding the February 2025 deposit dates for these programs is essential for effective financial planning. February 2025 Payment Schedule … Read more
As February 2025 approaches, many Canadians are curious about the possibility of receiving a $1,400 Canada Pension Plan (CPP) payment. This article delves into the details of CPP payments, eligibility criteria, and the factors influencing the amount you may receive. Understanding the Canada Pension Plan (CPP) The Canada Pension Plan is a government-managed program designed … Read more