Canadian seniors are set to receive a one-time $2,500 CPP boost this November, as the federal government and Canada Revenue Agency (CRA) introduce new economic support measures in response to rising inflation, healthcare expenses, and cost-of-living pressures. This non-taxable payment will be delivered via direct deposit to eligible Canada Pension Plan (CPP) recipients starting November…
In a timely move to counter the effects of rising inflation and cost of living, the Canadian federal government has confirmed a $250 one-time GST Relief Payment for eligible individuals in August 2025. This payment will provide additional financial support to low- and modest-income households already receiving the GST/HST credit. Managed by the Canada Revenue…
Canada’s Old Age Security (OAS) program continues to serve as a foundational source of income for millions of retirees. The Canada Revenue Agency (CRA) has now confirmed that eligible seniors will receive their October 2025 OAS payment on October 29, 2025, with amounts ranging up to $784.67 for those aged 75 and older. This latest update also includes critical details on Guaranteed Income Supplement (GIS) amounts,…
If you’re a senior living in Canada, you could receive up to $1,700 per month in 2025 through a combination of the Canada Pension Plan (CPP) and Old Age Security (OAS). These federal programs offer essential retirement income, and the amounts have been adjusted for inflation to support rising living costs. This guide covers eligibility,…
