Journal

As Canada faces rising costs of living, older citizens are increasingly relying on the Old Age Security (OAS) program to manage their financial needs. For many seniors, this pension plan serves as an essential lifeline, providing them with the necessary income to cover basic living expenses like housing, food, and healthcare. The OAS benefits for … Read more

Government Will Increase Age of CPP and OAS Eligibility or Not? As of now, there is no official confirmation the Canadian government is not increasing the age of eligibility for the Canada Pension Plan (CPP)or Old Age Security(OAS). Both benefits are important for retirees. Age of CPP and OAS First of All, Take a look … Read more

You should read this post and get a clear understanding of Maximum CPP Benefits 2025: Maximum Amount a Senior can Receive as CPP. Maximum CPP Benefits 2025 Canadians who have made contributions to the CPP during their working years are intended to receive a consistent income stream from the CRA. Employee earnings up to a … Read more

If you are a Canadian senior citizens, then this post is going to be a game changer for you. Keep reading this page to know in detail about $2110 Pension Will Hit Banks on 27th December: Check If You Are getting it? $2110 Pension Will Hit Banks on 27th December The Canadian government has been … Read more

Canadians must read this page to gain full benefits from Climate Action Incentive Payment 2024-2025: Amount, Eligibility, How to Claim? Climate Action Incentive Payment 2024-2025 As the new year is approaching eligible people are forward to getting an increase in their Climate Action Incentive Payment or CAIP payment 2024-25. This quarterly payment is tax-free and … Read more

Please read this post and find relevant information on New GST Cuts in Canada: Pros and Cons of GST Cuts by Trudeau. New GST Cuts in Canada As the holiday season often brings about a rise in costs for Canadian households, therefore when people are budgeting an announcement took them by surprise. A temporary reduction … Read more

Please read this post to get a clear understanding of the Effect on CPP and OAS when Spouse Dies: You Must Know This as a Canadian. Effect on CPP and OAS when Spouse Dies CPP and OAS pension makes up the huge portion of retirement income for Canadians, eligible Canadians receive the pension payments under … Read more

The carbon tax in Canada is scheduled to increase again on April 1, 2025.  In Canada, we all pay a federal carbon tax on the natural gas we use. Canada`s commitment to reducing carbon emissions will continue to affect taxpayers. Canada Carbon Tax Increases The federal carbon tax rate will increase to $80 per tonne … Read more

We recommend reading this post to know and understand the exact implications of CPP and OAS Refund Deadlines Are Approaching: Check When And How Much Can You Get? CPP and OAS Refund Deadlines Are Approaching It is that time of the year wherein you get some expected surprises from CRA in the form of tax … Read more