As Canada’s population ages and inflation continues to stretch household budgets, the federal government is considering significant pension reform—including the possibility of raising the official retirement age to 67. With the future of Canada Pension Plan (CPP) and Old Age Security (OAS) under pressure, Canadians must now prepare for a retirement landscape that looks very different from what they were promised. […]
In 2025, the Canada Pension Plan (CPP) will provide a maximum monthly retirement payment of $1,433, marking a significant increase for eligible retirees. This boost is part of ongoing efforts to enhance financial security for Canada’s aging population, and it comes with key details that every current and future retiree should understand. What Is CPP and How Does […]
Thousands of Canadian retirees are in for a pleasant surprise this August as the Canada Pension Plan (CPP) payment of $844.67 rolls out. This mid-year boost reflects increased contributions, cost-of-living adjustments, and enhancement phases, all of which are designed to provide greater financial stability during retirement. If you receive CPP or plan to apply, it’s important to understand who qualifies for […]
In 2025, eligible Canadian seniors are set to receive a significant financial boost of up to $4,000 per year through increases in their Canada Pension Plan (CPP) and Old Age Security (OAS) payments. This combined benefit increase is aimed at helping retirees cope with rising living costs and providing more stability for low- and moderate-income pensioners. What Is the $4,000 CPP […]
Canadian seniors are in for a substantial financial boost this fall. The federal government has approved a $2,500 Canada Pension Plan (CPP) Direct Deposit for November 2025, aimed at helping retirees handle rising inflation, increased healthcare expenses, and growing living costs. This initiative falls under Ottawa’s broader economic relief efforts for older Canadians. Starting November […]
If you’ve seen news of a $2,900 Canada Pension Plan (CPP) boost, you’re not alone—but the truth is more nuanced. While the CPP itself hasn’t suddenly increased by $2,900, the combined value of federal retirement benefits—including CPP, Old Age Security (OAS), and the Guaranteed Income Supplement (GIS)—can total up to $2,900 per month for certain retirees in 2025. Here’s a breakdown […]
