Canada’s pension system is designed to support retirees, ensuring they can live comfortably even after they stop working. In 2024, significant changes are coming to two main pension programs: the Canada Pension Plan (CPP) and Old Age Security (OAS). These changes are made to adjust for the rising cost of living and inflation, helping retirees … Read more
The announcement of a $750 Old Age Security (OAS) payment for seniors in July 2024 has generated significant anticipation among older citizens in Canada. As the cost of living continues to rise, this increased benefit aims to provide much-needed financial support to retirees. Here’s a detailed look at the payment dates and eligibility criteria for … Read more
This post will talk about the upcoming OAS increases in May 2024. The benefits from Old Age Security are a big part of making sure that Canadian seniors are financially secure. The OAS program is meant to give pension benefits to senior Canadians who are qualified and give them a steady source of income. There … Read more