As June 2025 approaches, some Canadian seniors may see an unexpected \$2,455 Old Age Security (OAS) deposit in their bank account. While this may raise eyebrows, it’s important to understand that this isn’t a new monthly benefit. Instead, it represents retroactive payments or lump-sum amounts involving OAS and the Guaranteed Income Supplement (GIS). This guide … Read more
If you’ve recently come across headlines or social media posts claiming a \$2,900 CPP increase in 2025, you might be wondering if your Canada Pension Plan (CPP) payment is about to triple overnight. The reality? There is no single \$2,900 increase to CPP itself. Instead, this amount represents the combined total of CPP, Old Age … Read more
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
In 2025, Canada’s Old Age Security (OAS) and Guaranteed Income Supplement (GIS) continue to serve as vital financial lifelines for millions of seniors. While the maximum combined monthly benefit may reach up to $2,250, this amount is not guaranteed for every retiree. Understanding how benefits are calculated, when they increase, and what steps you can … Read more
Canada’s public pension system is stepping up support for retirees. Starting in 2025, eligible Canadians could receive up to \$1,560 per month through the Canada Pension Plan (CPP)—the program’s highest monthly payout to date. This article explains who qualifies, how CPP works, when payments arrive, and how to apply so you can make the most … Read more
Canada’s retirement system is evolving—and 2025 marks a pivotal year in the Canada Pension Plan (CPP). For millions of Canadians, these changes bring good news: higher pensionable earnings, larger retirement benefits, and more room for long-term financial planning. But it also comes with increased contributions, especially for high-income earners and the self-employed. If you’re working, … Read more
Low-income Canadian seniors may see a welcome financial boost this month, with up to \$1,976 in combined pension benefits available for those receiving Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). While this isn’t a one-time bonus, it’s a realistic monthly total for eligible recipients who qualify across all … Read more
The talk of a $770 OAS pension boost in July 2025 has been making waves online. But for many Canadian seniors, the critical question remains: Is this payment real or just another misleading headline? As it turns out, no official confirmation has been issued by the Canadian government regarding any one-time $770 increase in Old … Read more
In June 2025, the Canadian government will issue a one-time Canada Pension Plan (CPP) double payment totaling \$1,640. This payout includes the standard CPP amount of \$890 plus a \$750 bonus, offering essential relief to seniors and other eligible beneficiaries facing increased financial pressure from inflation and rising healthcare costs. This is the largest single-month … Read more