If you’re a Canadian senior planning for retirement or already receiving pension payments, you’ve likely heard the figures \$1,620, \$1,950, and \$2,700 discussed in relation to monthly retirement income. These are not just estimates—they reflect common combinations of Canada’s three major public retirement programs: Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed … Read more
With inflation and rising costs continuing to burden older Canadians, the Government of Canada has announced a June 2025 Old Age Security (OAS) payment that could reach up to $2,455 for eligible seniors. This support isn’t a one-time bonus but a monthly payout that includes regular OAS benefits and possible top-ups such as the Guaranteed … Read more
The Old Age Security (OAS) program is a vital source of income for millions of Canadian seniors. As retirement often marks the end of steady employment income, government benefits like OAS provide much-needed financial security. In June 2025, eligible seniors will receive up to $1,546 under this scheme, depending on their age and income level. … Read more