Amelia Cooper A 2.7% COLA for Old Age Security (OAS), Canada Pension Plan (CPP), and Guaranteed Income Supplement (GIS) benefits may result in a rise in monthly pension payments for seniors in Canada in April 2025. In particular, seniors who are single and between the ages of 65 and 74 can get a maximum monthly OAS payment … Read more
In order to help its residents, the Canadian government works on a number of initiatives, one of which is the Canada Pension Plan. Many individuals are already receiving benefits from this plan and were anticipating the announcement of $1,570 CPP Increase for Retirees Coming in April 2025. Before submitting an application for this assistance program, … Read more
As inflation and the cost of living continue to rise, many Canadians are asking if the federal government would increase the Goods and Services Tax (GST) in order to support essential public services or assist balance the budget. A Massive $4,200 GST Relief Rebate for Seniors to offer qualifying citizens GST relief has been launched … Read more
A new GST one time rebate proposed by the Canadian government would help low- and modest-income individuals and families starting in mid-2025. Just to keep support up with the growing cost of living, CRA Issues $3,000 One-Time GST Rebate 2025 is a part of the annual adjustment based on inflation. With the rising costs of … Read more
The RRSP Contribution Limits for 2025 have been increased to $32,490, which is equivalent to 18% of your prior year’s earning income, whichever is lower. Any unused RRSP contribution room that was not used in previous years may also be carried over. Contributions to an RRSP that qualify for a tax deduction in the previous … Read more
One of the many advantages offered to Canadians by the government is the OAS pension. Under OAS, the Canada’s low-income seniors get a monthly payment from CRA. We now have Major OAS Changes Coming in 2025 for seniors, as they are the group most affected by increasing inflation since they rely on a fixed income. … Read more
It is reported on social media that CRA is going to provide $1360 Per Month for 64+ Aged Group Canadian Seniors. Basically this payment is for CPP, however amount of the monthly payment depends on a number of factors, such as the age at which the person starts receiving benefits and the amount they have … Read more
In 2025, millions of Canadians will have a new financial hope due to CRA Grant Changes 2025. Several assistance payments are being released this year by the Canada Revenue Agency (CRA) as household budgets are being stretched by rising costs and necessities. Many demographic groups, such as low-income people, pensioners, and families with children, are … Read more
It is logical that seniors and their families are becoming more confused as headlines throughout Canada continue to include eye-catching promises of a $2,250 OAS Payment in April 2025. Knowing what is true and what is a rumor is more crucial than ever if you or a loved one depends on government assistance for retirement … Read more
Canada Seniors can enjoy boost in their monthly assistance provided by CRA to help during old age. OAS Benefits Boost 2025 may allow seniors to get higher payments to deal with inflation and manage their daily expenses. This boost can be seen in April 2025 Payments that may help Canadian seniors in financial hardship. If … Read more