As January 2025 approaches, Quebec residents can look forward to a range of government benefits and credits designed to provide financial relief. From family support payments to pensions, these…
The Guaranteed Income Supplement (GIS) is a vital support system for low-income seniors in Canada. With discussions of a potential $1700 GIS Benefit Increase in January 2025, eligible seniors…
As 2025 approaches, key changes to the Social Security full retirement age (FRA) are set to take effect, impacting how and when individuals can claim their Social Security benefits.…
After nearly a decade at the helm, Justin Trudeau, the 53-year-old Canadian Prime Minister, has announced his resignation as the leader of the Liberal Party. Trudeau’s decision comes amidst…
The Social Security Administration (SSA) has officially announced a 2.5% cost-of-living adjustment (COLA) for 2025, providing much-needed relief to beneficiaries amid ongoing inflation. This adjustment ensures retirees, individuals with…
As the year begins, many Social Security Disability SSDI beneficiaries look forward to the cost-of-living adjustment (COLA) increase, which is designed to help keep up with inflation. This annual…
In 2025, the Canada Revenue Agency (CRA) will continue to administer several key government benefit programs designed to provide financial support to Canadians. These programs target families, seniors, low-income…
Canadian seniors heavily rely on the Old Age Security (OAS) program to support their financial needs during retirement. Speculations about a $1,790 + Extra $943 OAS Benefits Per Month…
The financial health of Canadian defined benefit (DB) pension plans has remarkably improved in recent quarters. As of the second quarter of 2024, the average funded ratio reached 126%,…
The Ontario Child Benefit (OCB) is a critical financial assistance program designed to support low-income families in Ontario. Administered by the Canada Revenue Agency (CRA), the OCB provides up…
