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