Looking ahead to the rising inflation rates in Canada, the government may have introduced specific modifications to the Old Age Security (OAS) and Canada Pension Plan (CPP) schemes for senior citizens. The OAS & CPP Double Payment Coming In September 2024 aims to elevate the living standards of Canadians, especially in light of the country’s … Read more
Planning for retirement is a crucial aspect of ensuring a secure and enjoyable post-work life. The Canada Pension Plan (CPP) is an essential part of this planning, providing a steady income stream to support your retirement goals. In 2024, significant changes have been made to the CPP, including an increase in the maximum monthly benefit. … Read more
Great news for all Canadians! The Canada Revenue Agency (CRA) is expected to provide a combined payment of $750 and $890 under the Canada Pension Plan (CPP) in 2024. The CPP is a government-operated social security program designed to offer a stable income to eligible Canadians during their retirement years. This special payment is aimed … Read more
The Government of Canada has announced updates to the Canada Pension Plan (CPP) and Old Age Security (OAS) benefits for September 2024. These adjustments are designed to offer financial assistance to retirees and individuals aged 65 and above, ensuring they have the support needed to manage their expenses. For 2024, both CPP and OAS benefits … Read more