As the federal government prepares its upcoming budget, a heated debate has emerged over the future of Canada’s Old Age Security (OAS) program — one of the largest and fastest-growing federal expenditures. Advocates are urging Prime Minister Mark Carney’s Liberal government to take decisive action to rein in OAS spending, arguing that it has drifted Continue reading
senior benefits Canada 2025
Canada Retirement Pension Boost 2025 — Seniors to Receive Up to $1,364 Monthly Increase Starting This Year
Canadian retirees are set to see a significant financial lift in 2025, as the federal government confirms a retirement pension increase of up to $1,364 per month. The boost will apply to Canada Pension Plan (CPP) and Old Age Security (OAS) recipients, marking one of the most generous enhancements in Canada’s pension history. This increase Continue reading