As April 2025 draws near, Canadian seniors are preparing for their Canada Pension Plan (CPP) and Old Age Security (OAS) payments. These benefits are a critical source of income for many retirees. Understanding the eligibility requirements, payment amounts, and important dates will help you make the most of these financial resources. Expected CPP/OAS Payment Ranges: … Read more
Canadians are starting April 2025 with a bit more money in their wallets. As of this weekend, the consumer carbon tax has officially been removed, causing a noticeable drop in gasoline prices across the country. With this move, drivers are seeing immediate savings at the pump—some as much as 15 cents per litre depending on the region. … Read more
In April 2025, eligible Canadians under the Canada Pension Plan (CPP) Disability Benefit can receive up to $1,673.24 per month. This financial support assists those unable to work due to severe and prolonged disabilities. Understanding the eligibility criteria, payment dates, and application process is essential for potential beneficiaries. Understanding the CPP Disability Benefit The CPP Disability … Read more
Planning for retirement is a vital financial step for Canadians. Understanding how your Canada Pension Plan (CPP) benefits work is central to ensuring a secure retirement. In 2025, the maximum monthly CPP benefit for individuals retiring at age 65 is set to reach $1,433.00, an increase from $1,364.60 in 2024. But how does one qualify … Read more
Alberta has made an impressive $53.6 billion net contribution to the Canada Pension Plan (CPP) over the past four decades, surpassing all other provinces. This contribution has raised significant questions about the fairness of the CPP system, leading to discussions about whether Alberta should stay within the national pension plan or establish its own provincial … Read more
On April 4, 2025, the Canada Revenue Agency (CRA) will distribute the Goods and Services Tax (GST) / Harmonized Sales Tax (HST) Credit to eligible Canadians. This quarterly payment is designed to assist low- and modest-income individuals and families by offsetting the GST/HST they pay on goods and services. In this article, we will cover everything you need to know … Read more
Starting April 1, 2025, Canada’s minimum wage will see an important increase for federally regulated employees. This adjustment comes as a response to inflationary pressures and is intended to help workers keep pace with rising living costs. This article explores the details of the wage increase, including how it impacts different workers and sectors across … Read more
The Old Age Security (OAS) program is a vital support system for seniors in Canada. In 2025, there will be significant changes to the OAS payments, with an increase to help Canadians aged 65 and older cope with the rising cost of living. This article breaks down the new payment amounts, eligibility criteria, payment dates, and other important details for those … Read more
The Canada Pension Plan (CPP) will experience a payment increase in April 2025, aimed at providing essential financial support to retirees and eligible beneficiaries across Canada. With rising inflation and the increasing cost of living, this adjustment is designed to help pensioners maintain their purchasing power. In this article, we’ll explore: Keep reading for a … Read more
As the cost of living continues to rise, many Canadian seniors will welcome the announced Old Age Security (OAS) payment increase set for April 2025. This increase aims to help retirees cope with inflation and maintain their financial security. With monthly payments adjusted to reflect the growing expenses, this change will provide crucial financial assistance … Read more
