A $2,455 Old Age Security (OAS) payment is scheduled for eligible Canadian seniors in May 2025. This amount usually refers to an annual payment for individuals receiving a partial OAS pension, depending on their years of residency in Canada after age 18. The OAS program is one of Canada’s most important retirement income supports, offering monthly payments to seniors aged 65 and older. … Read more
As the cost of living continues to rise, many Canadian retirees are looking for reassurance in their monthly income. In April 2025, a combined benefit payout of up to $3,500 is expected through the Canada Pension Plan (CPP) and Old Age Security (OAS) programs, including possible supplements like the Guaranteed Income Supplement (GIS). These programs are vital financial supports for seniors, and understanding … Read more
As April 29, 2025 approaches, many retired Canadians are preparing for their Canada Pension Plan (CPP) and Old Age Security (OAS) deposits. Rumors have been circulating about retirees receiving $6,000 per month, sparking both hope and confusion. While CPP and OAS payments offer significant support, let’s break down the facts to clarify if this $6,000/month benefit is true, who qualifies, and what to expect … Read more