Starting in 2025, families across Canada will see a \$1,200 boost to their Canada Child Benefit (CCB) payments. This additional support is part of a national plan to assist families in managing the growing costs of essentials like food, rent, and childcare. The increase, aimed particularly at low- and middle-income households, is expected to make … Read more
For many seniors across Canada, the Old Age Security (OAS) pension is a core part of their retirement income. So when social media posts began claiming that all retirees would receive a \$969 OAS payment in July 2025, it sparked a wave of confusion and curiosity. But is this headline-grabbing number accurate? Yes—and no. The … Read more
A much-needed financial boost is coming for thousands of low-income seniors in Canada. Starting July 2025, the federal government will increase the Guaranteed Income Supplement (GIS) by up to \$1,395 per year, which adds \$116.25 monthly to the current benefit. This long-term supplement is not just a minor adjustment—it’s a critical effort to support aging … Read more
As living costs keep rising across Canada, more seniors are finding it difficult to maintain a comfortable lifestyle in retirement. With inflation, healthcare expenses, and housing prices surging, many retirees are struggling to cover the basics. But there’s some good news. If you’re 65 or older, you may be eligible to receive over \$3,000 per … Read more
Starting in 2025, pensioners in Canada are seeing higher payouts from the Canada Pension Plan (CPP). With the monthly maximum benefit now raised to \$1,364, this increase comes at a time when inflation and daily living costs are squeezing retirees more than ever. What Is the Canada Pension Plan (CPP)? The Canada Pension Plan (CPP) … Read more
For many Canadian retirees, financial security in later life depends on a well-coordinated mix of federal programs. The Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS) work in tandem to form a reliable income stream—one that now totals up to \$3,178.07 per month for eligible individuals. While many seniors … Read more
Many Canadian families are preparing for financial relief as the Canada Revenue Agency (CRA) officially confirmed the next Canada Carbon Rebate payment date—July 15, 2025. Formerly known as the Climate Action Incentive Payment (CAIP), this quarterly, tax-free deposit is designed to help offset rising fuel and energy costs driven by carbon pricing. With enhanced rebate … Read more
With grocery prices hitting record highs across Canada, the federal government has reintroduced a one-time \$628 Grocery Rebate to help ease the pressure on low- and middle-income households. Administered by the Canada Revenue Agency (CRA), this rebate is automatically paid to eligible residents without the need for a separate application. If you’re wondering how much … Read more
As Canada moves into the second half of 2025, the retirement age debate is once again dominating headlines. With economic uncertainty, rising living costs, and a rapidly aging population, federal and provincial governments are under increasing pressure to revise the country’s pension framework—especially the age at which Canadians can begin receiving full benefits. Behind these … Read more
The Canada Student Grant Increase 2025 brings a fresh wave of financial relief for post-secondary students across the country. Announced by the Government of Canada and administered by the Canada Revenue Agency (CRA), this plan increases non-repayable grants by up to 20%, offering much-needed support in the face of rising tuition and living expenses. This … Read more