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
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