If you’re a Canadian worker contributing to the Canada Pension Plan (CPP), you might be eligible for an exciting boost in your retirement benefits. The government has enhanced the CPP, allowing eligible contributors to receive an additional $2,900 in lifetime benefits starting in March 2025. This guide provides a step-by-step breakdown of how to qualify, … Read more
The Canada Pension Plan (CPP) benefits provide essential financial assistance to retirees and eligible individuals across the country. In March 2025, some beneficiaries may receive payments of up to $1,500 per month. But who qualifies, and when will the payment be issued? This guide covers the eligibility criteria, payment schedule, strategies to maximize CPP benefits, … Read more
The Old Age Security (OAS) program is a cornerstone of Canada’s public pension system, providing monthly payments to eligible seniors aged 65 and over. Understanding the nuances of Old Age Security payment amounts, eligibility criteria, and supplementary benefits is essential for effective retirement planning. Eligibility Criteria for Old Age Security To qualify for OAS benefits, … Read more
Inflation has significantly reduced the purchasing power of many individuals, making it difficult to afford basic necessities. This has affected not only their standard of living but also their ability to meet essential food and healthcare expenses. In response, the Canadian government has introduced financial support measures to assist individuals struggling with inflation. The CPP … Read more
In 2025, eligible Canadian seniors can receive up to $727.67 per month through the Old Age Security (OAS) program. Understanding the eligibility requirements and payment dates is crucial for effective financial planning. Understanding the Old Age Security (OAS) Program The Old Age Security (OAS) program is a federal initiative providing a monthly pension to Canadians … Read more
Canada needs to expand its economic reach and enhance its global competitiveness in light of potential U.S. tariffs, according to the country’s largest pension fund. If the 25% tariffs proposed by U.S. President Donald Trump come into effect, Canada must adopt proactive strategies to mitigate the impact. The Need for Economic Diversification Speaking at the … Read more
In response to the ongoing conflict in Ukraine, Canada has reaffirmed its commitment to supporting displaced Ukrainians and their families. The government has announced extensions to certain temporary measures, allowing those who arrived under the Canada-Ukraine Authorization for Emergency Travel (CUAET) to continue their stay with valid work and study permits. Extended Deadlines for … Read more
Canada’s social security system continues to evolve with regular adjustments to pension benefits. For 2025, the maximum benefit amounts and related figures for the Canada Pension Plan (CPP) and Old Age Security (OAS) have been updated to reflect economic changes and the ongoing enhancement initiatives. This detailed overview provides essential information on the new CPP … Read more
Immigration has long been a cornerstone of Canada’s economic development, serving as a vital mechanism to address evolving labor market needs. In a strategic move to align immigration with specific sectoral demands, the Honorable Marc Miller, Minister of Immigration, Refugees, and Citizenship, announced significant updates to the Express Entry system for 2025. These changes introduce … Read more
In 2025, significant updates are coming to Canada Pension Plan (CPP) and Old Age Security (OAS) that will impact both current retirees and working Canadians. These changes affect contribution amounts, eligibility age, and benefit increases, making it crucial for all Canadians to stay informed. Below, we delve into the three key modifications expected in 2025. … Read more
