GIS payments: With April 2025 just around the corner, Canadian seniors are waiting anxiously for changes to their Guaranteed Income Supplement (GIS) payments. Recent statements have assured a boost in GIS payments, with some qualifying seniors to receive up to $1,760. This in-depth guide will look at the facts of this increase, payment dates, eligibility … Read more
In Canada, there is a revision for. As April 2025 is near, the Canadians are anticipating the increased OAS and CPP due to inflation and CPI. But will CRA update the OAS and CPP in April 2025? Periodically, the Canada Pension Plan updates the figures every year in January, and this year that figure has … Read more
A recent proposal from an important senior advocacy group proposes that a one-time payment amount to $495 be given to persons receiving Social Security benefits. This amount could be defined as dividends possibly coming from recovering paid-back Social Security overpayment funds. So far, the initiative is in its early stages; however, it opened doors for … Read more
Ready to apply for Social Security benefits soon? Good news for you: The Social Security Administration (SSA) announced a sizable increase in payments for 62-year-old retirees-in-need, beginning in March 2025. And that forms part of the Cost-of-Living Adjustment (COLA) that keeps the Social Security benefits on pace with inflation, enabling retirees to enjoy financial stability. … Read more
The economic welfare of Canadian Seniors is a matter of priority for the Government. The initiatives are made by the CRA which gives financial support and stability to the seniors in their old age. The old age pension, Guaranteed income payment, retroactive payments can altogether make an essential safety net for the eligible seniors. The … Read more