The dream of logging off at 65 and never checking another work email has long been seen as the Canadian standard. But for many, that milestone is now more of a moving target than a guaranteed finish line. Longer lifespans, rising costs, and evolving pension incentives are reshaping what retirement looks like in 2025 and … Read more
For thousands of Canadians, the loss of a spouse is one of life’s most painful and destabilizing experiences. Beyond the emotional toll, surviving partners often face sudden financial uncertainty, particularly if the deceased was the primary earner. To address this need, the Government of Canada provides the CPP Survivor’s Benefit, often referred to as the … Read more
As rental prices continue to surge across Canadian cities, tenants are finding it increasingly difficult to balance housing costs with stagnant wages. To ease this burden, the federal government has confirmed the return of the \$500 Canada Housing Benefit for 2025—a one-time, tax-free payment for low- and moderate-income renters. Administered by the Canada Revenue Agency … Read more
In an era of rising costs and ongoing economic strain, Canadian seniors are paying close attention to any news regarding their retirement income. Recently, a claim about a $3800 pension boost in July 2025 has been circulating online, raising hopes among retirees that a large one-time increase to their pensions is on the way. But … Read more
Imagine logging into your bank account and spotting an extra \$386 labeled “Climate Action Incentive.” It’s not a scam or a bank error. Instead, it is a quarterly rebate from the Canadian government designed to offset the costs of federal carbon pricing. This benefit, known as the Climate Action Incentive Payment (CAIP), is tax-free, automatic, … Read more
As costs keep rising across Canada, many retirees are struggling to cover their monthly expenses. The good news is that Canadian seniors aged 65 and older could receive more than \$3,000 per month by combining three key government programs: the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS).** These … Read more
For thousands of retirees across Canada, the Old Age Security (OAS) pension remains one of the most important lifelines in retirement. It is dependable, inflation-adjusted, and paid monthly, helping seniors cover essentials like food, utilities, and housing. But while OAS may feel automatic, it is not untouchable. The Canada Revenue Agency (CRA) keeps close watch … Read more
Canadian retirees have fresh reassurance this summer. Beginning July 2025, the federal government has announced a modest increase to Old Age Security (OAS) benefits, bringing much-needed relief to seniors grappling with rising living expenses. Those aged 65–74 will now receive \$735.35 per month, while individuals aged 75 and older will collect \$808.44. The change reflects … Read more
For millions of Canadian seniors, 2025 has brought some encouraging news. The Canada Pension Plan (CPP) has officially raised its maximum monthly retirement benefit to \$1364, up from \$1306 in 2024. This \$58 monthly increase—equivalent to nearly \$700 a year—arrives at a time when inflation and rising living costs are stretching the budgets of retirees … Read more
The Canada Revenue Agency (CRA) has officially confirmed that eligible low-income workers will receive up to \$1428 per quarter under the Canada Workers Benefit (CWB) in 2025. This marks one of the largest direct support measures available to working Canadians who are struggling to keep up with rising living costs. Over the course of the … Read more