In January 2025, seniors across Canada can expect updates to their Canada Pension Plan (CPP) payments. While the widely discussed figure of $1,750 is often highlighted, it’s important to understand that the actual CPP payment you receive depends on several factors, including your contribution history and the age at which you begin receiving payments. This … Read more
Starting in October 2024, the Canadian government will introduce a new disability benefit offering $1,870 monthly for seniors with severe disabilities. This program aims to provide financial assistance to seniors who struggle to meet basic living costs due to long-term disabilities, especially as inflation and living expenses continue to rise. The new benefit is designed … Read more
Starting in October 2024, the Canadian government will introduce a new monthly disability benefit of $1,870, specifically aimed at seniors living with severe disabilities. The program is designed to offer financial support to seniors who are unable to work due to long-term disabilities and face challenges meeting basic living expenses. This initiative comes in response … Read more
With inflation continuing to impact the cost of everyday goods and services in Canada, many households are finding it harder to keep up with rising expenses. To provide some relief, the Canadian government has introduced a one-time $1,306 Extra Cost of Living Payment for 2024. This initiative aims to help low- and moderate-income Canadians manage … Read more