Rising inflation and cost-of-living pressures have made it harder for many seniors across Canada to make ends meet—especially those living on fixed incomes. In response, the federal government is taking bold action in 2025 by increasing the Guaranteed Income Supplement (GIS) by $500 per month, or $2,100 annually. This non-taxable benefit aims to offer financial relief to low-income seniors, helping them manage everyday expenses like groceries, rent, utilities, and Continue reading
OAS
Canada Approves One-Time $2,200 Benefit – Find Out Who Qualifies and When Payments Will Be Issued
The Canadian government has officially approved a one-time, tax-free payment of $2,200 to offer crucial support to seniors, low-income earners, and people with disabilities. Set to be distributed on October 29, 2025, this payment will automatically reach those already enrolled in programs such as OAS, GIS, or CPP Disability (CPP-D). For individuals who do not Continue reading
Canada Retirement Overhaul 2025- OAS And CPP Age Changes That Could Reshape Your Future
As Canada faces a rapidly aging population, major changes to the Old Age Security (OAS) and Canada Pension Plan (CPP) systems are arriving in 2025. These reforms aim to modernize retirement income options by offering incentives for Canadians to delay retirement beyond age 65—a move driven by longer lifespans, shifting labor patterns, and increasing fiscal pressure on pension programs. This Canada Continue reading
$3,500 OAS Boost For Seniors in 2025 – Who Qualifies and When Will It Arrive?
As inflation continues to put pressure on seniors across Canada, recent talk of a $3,500 one-time Old Age Security (OAS) payment in 2025 has sparked curiosity and confusion. With the rising costs of food, rent, and healthcare, many retirees are wondering: Is this payment real, and how can I claim it? This article outlines everything Continue reading
CRA Confirms $3,000 Retirement Benefit In July – Who’s Eligible And When You’ll Get Paid
As the cost of living rises, Canadian seniors are set to receive up to $3,000 in monthly retirement support beginning in July 2025, thanks to enhancements across the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). These benefits, administered by the Canada Revenue Agency (CRA) and Service Canada, provide Continue reading
Worried About CRA? 3 Warning Signs Every OAS Pensioner Shouldn’t Ignore
Retirees relying on Old Age Security (OAS) face increasing scrutiny from the Canada Revenue Agency (CRA). To preserve your full OAS benefit and avoid unexpected clawbacks, it’s crucial to watch for three key financial red flags. Discover how careful tax planning and the right dividend stocks held in a TFSA—such as Brookfield Asset Management (BAM)—can help safeguard your income. Red Flag #1: Continue reading
Canada Confirms $2,500 Monthly Government Support – Find Out If You Qualify Today
In 2025, many Canadians are hearing buzz about a $2,500 monthly benefit from the Canada Revenue Agency (CRA). But what’s the truth behind this figure? Contrary to viral headlines, the $2,500 is not a one-time payment—instead, it represents the combined value of multiple monthly federal programs available to eligible citizens. This article breaks down the Continue reading
Canada Approves $1,395 GIS Benefit For Seniors This July – Find Out If You Qualify
The Canada Revenue Agency (CRA) has officially confirmed the $1,395 GIS payment for eligible low-income seniors, scheduled for July 29, 2025. This non-taxable monthly benefit helps supplement income for older Canadians receiving the Old Age Security (OAS) pension. With inflation driving up everyday costs, this payment ensures that vulnerable seniors can continue to afford essential Continue reading
CPP and Boosted OAS Payments Set to Arrive for Eligible Canadians in July 2025
Eligible Canadians receiving the Canada Pension Plan (CPP) and Old Age Security (OAS) benefits can expect their July 2025 payments to arrive on Tuesday, July 29. If you’re entitled to either benefit, your funds will be directly deposited into your bank account on that date. OAS Payment Increase Starting July 2025 From July to September Continue reading
$2,350 OAS Boost For Canadian Seniors In 2025 – Who’s Eligible And When Will You Get Paid?
In a welcome move for aging Canadians, the federal government has confirmed a $2,350 Old Age Security (OAS) boost in 2025, offering financial relief to millions of low- and moderate-income seniors. This increase is intended to help seniors keep pace with rising living costs, inflation, and healthcare expenses. The Canada Revenue Agency (CRA) and Employment Continue reading