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
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
OAS and CPP are two pillars of Canada’s retirement income system. While CPP is a contributory plan based on your past earnings and contributions, OAS is funded by general tax revenue and provides monthly support to seniors over 65, regardless of work history. Now, in June 2025, speculation is growing about whether extra retirement support … Read more
In June 2025, many Canadians have been buzzing about a supposed \$700 one-time increase to Old Age Security (OAS) payments. The claim has appeared in social media threads, misleading posts, and even informal news headlines—prompting hope and confusion among older adults looking for extra financial help. But here’s the reality: There is no official \$700 … Read more
Rumors are circulating that senior citizens in Canada will receive a $2,250 Old Age Security (OAS) payment in June 2025. While that figure has sparked excitement among retirees, the reality is more complex. The $2,250 amount is not a lump-sum bonus or new federal payment. Rather, it’s a combined estimate of multiple federal and provincial … Read more
In response to rising inflation and increasing costs of living, the Government of Canada has announced a direct deposit of \$1,546 for eligible seniors in June 2025 under the Old Age Security (OAS) program. This taxable payment is a welcome boost for retirees, many of whom rely on fixed monthly income to cover essentials such … Read more