Canadian seniors rely on Old Age Security (OAS) as a vital source of monthly income. For those aged 75 and older, the maximum OAS pension has risen to $808.45 per month — thanks to a 1% inflation adjustment effective for the July-September 2025 quarter. The August payment, including this uplift, is scheduled to arrive on August 27, 2025, according to the official 2025 … Read more
In August 2025, thousands of Canadian seniors will receive their Guaranteed Income Supplement (GIS), a critical monthly benefit that supports low-income retirees. GIS is provided in addition to the Old Age Security (OAS) pension, helping older Canadians cover essentials like rent, groceries, and healthcare. The GIS amount in 2025 ranges between $660.78 and $1,097.75, depending on marital status, income, … Read more
The Canada Workers Benefit (CWB) remains one of the most important federal supports for working Canadians in 2025. With rising costs for housing, groceries, and transportation, the Canada Workers Benefit ensures that low- and moderate-income workers receive additional financial relief. In August 2025, many Canadians have already received their first advance Canada Workers Benefit payments, with the maximum reaching up to $1,238.99 depending on … Read more
Canadian retirees are set to see a significant improvement in their Canada Pension Plan (CPP) benefits beginning in August 2025. With the latest round of CPP enhancements, eligible seniors could receive up to $2,900 more annually, which works out to roughly $240 extra per month. This boost is part of the government’s long-term strategy to strengthen the retirement system and … Read more
A powerful cost-of-living boost is on the way for households across several provinces. The Canada Revenue Agency (CRA) will deliver the $500 Climate Action Incentive Rebate (CAIP) this October 2025, marking the third quarterly installment in a year designed to ease rising fuel and heating costs. This tax-free rebate—automatically processed when you file your taxes—is … Read more
Canadian seniors, caregivers, and adults with disabilities now have a powerful new way to boost financial resilience while improving living conditions. The Multigenerational Home Renovation Tax Credit (MHRTC) offers a refundable tax credit worth 15% of renovation costs, up to a maximum of $7,500 per eligible person. Whether you’re building a safe secondary suite or … Read more
In August 2025, the Canadian government confirmed the rollout of an enhanced Widow Pension program, offering widows and surviving spouses up to $3,555 per month. Alongside this, eligible survivors will also have access to a one-time death benefit and child assistance payments. This program builds upon the Canada Pension Plan (CPP) Survivor’s Pension and aims to provide financial stability, dignity, and security for families who … Read more
When a spouse or common-law partner who was receiving Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) passes away, the surviving partner—if under age 65—may be eligible for a special financial safety net: the Allowance for the Survivor. In 2025, this benefit can be as much as $1,663.81 per month, offering vital financial relief for widowed … Read more
In August 2025, the Government of Canada confirmed the rollout of a $430 one-time rent relief payment to eligible renters. With rental prices climbing across the country, especially in large urban centers, this program is designed to provide short-term support for households struggling to keep up with housing costs. This relief initiative helps renters manage financial pressure by offering direct payments, ensuring stability, … Read more
With the rising cost of living in Canada, many families are struggling to balance household expenses like groceries, gas, and heating. To provide relief, the government has proposed a $500 boost to the Canada Carbon Rebate (CCR) in 2025. This rebate is a quarterly tax-free payment designed to return money collected from carbon pricing directly … Read more