Many senior citizens in Canada depend on pensions and old age security is the best option for senior citizens to get financial support, whether they are working or not. The Government of Canada launched OAS for all senior citizens who want financial assistance to manage their expenses. If you have started an OAS pension then … Read more
The federal government of Canada has launched many programs and among them, Old Age Security (OAS) is one of the programs to help the citizens financially. Recently, the government has announced payment of $2120 OAS Extra Per Month to all senior citizens aged 65 years and above. The main objective of this program is to … Read more
VDB Canada is a tax-free amount given to all veterans who are service-related. If you are a veteran or contributor to the Royal Canadian Mounted Police you can claim the Canada Veteran Disability Benefits 2024 if you have a disability and their circumstances are service-related. The CRA (Canada Revenue Agency) regulates all benefit amounts in … Read more
The senior citizens who are earning less income are provided an affordability action plan in Alberta. This program provides benefits to the senior citizens each month. Especially those senior citizens are giving more advantage who suffer from the increased cost of living as well as the increased inflation rate. The federal government of Alberta provides … Read more
The rise in the consumer price index will result in a 4.4 per cent increase in the amount of CPP payments that are provided at the start of 2024. The Consumer Price Index or CPI is mainly used for modifying the CPP payment in 2024. The average cost of living for the residents in the … Read more
In Canada, the government always thinks about senior citizens and provides them all possible assistance to live a better life. Many benefit schemes for senior citizens have been started in the country and lakhs of senior citizens are still benefiting from them. But among them, senior people are confused about which plan is best for … Read more
About 11 million Canadians with low to moderate incomes are expected to benefit from the one-time Canada Grocery Rebate 2024, which is intended to help them with inflation. As per the Canada New Grocery Rebate Eligibility Criteria 2024 applicants can get a direct bank transfer of between $225 and $628 as part of the rebate … Read more
One of the most important social welfare program run by the Canadian government and federal agencies is the Old Age Security (OAS) Pension. All Canadian citizens over 65 are deemed eligible, subject to certain restrictions, to receive a monthly pension from the government under this program. Once enrolled, the pension is automatically credited to the … Read more
As a result of the increased rate of inflation individuals are not able to fulfill their basic needs and requirements. As a result of this increased rate of inflation, the government of Canada has decided to provide the OAS Payment to the senior citizens of Canada. Here the main aim of the initiative of the … Read more
In Canada, the Old Age Security (OAS) program form the foundation of the retirement income system. For those who have been residents of Canada for 10 years or more after the age of 18, it comprises a basic pension that is payable to nearly all individuals 65 and over. Depending on how long you stay … Read more