Seniors across Canada are eagerly anticipating the $750 Old Age Security (OAS) benefits that are set to be distributed in August 2024. This boost in OAS payments reflects the government’s response to the increasing cost of living, particularly for older citizens who often face financial challenges during retirement. Here’s everything you need to know about … Read more
The Canada Pension Plan (CPP) has long been a cornerstone of financial support for retired Canadians. With rising inflation and the increasing cost of living, the government, led by Chrystia Freeland, has introduced a new $1600 CPP payment to provide additional relief to senior citizens. This one-time payment is aimed at helping those who are … Read more
The Canada Pension Plan Post Retirement Benefit (CPP PRB) offers crucial support for citizens who continue contributing to the CPP even after retirement. Here’s a comprehensive guide on what the CPP PRB is, eligibility criteria, and how much you can expect to receive. Benefit The CPP PRB is a benefit for individuals who continue making … Read more