Posts filed under: pension

Your Old Age Security (OAS) pension amount is determined by how long you have lived in Canada after the age of 18. It is considered taxable income and is subject to a recovery tax if your individual net annual income is higher...
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OAS benefit amounts will increase by 0.3% for the January to March 2023 quarter. This increase is based on the general Consumer Price Index (CPI). Maximum OAS amount for this quarter: $687.56 for seniors between ages 65 to 74  $756.32...
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Choose your clinic A free tax clinic is a place where eligible people can get their tax returns done for free by volunteers. They are hosted by community organizations across Canada through the Community Volunteer Income Tax Program (CVITP) and...
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OAS benefit amounts will increase by 2.8% for the October to December 2022 quarter. This increase is based on the general Consumer Price Index (CPI). Maximum OAS amount for this quarter: $685.50 for seniors between ages 65 to 74  $754.05...
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BY JONATHAN CHEVREAU ON AUGUST 24, 2022 The longer you wait to use CPP and OAS, the more you could earn monthly. But with the recent boosts, is it more tempting to use these benefits? One of the perennial chestnuts of personal...
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News release August 2, 2022             Gatineau, Quebec            Employment and Social Development Canada Employment and Social Development Canada is committed to making it easier for Canadians to find, apply for, and manage federal benefits.   Following a competitive and...
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A Canada Pension Plan and employment insurance (CPP/EI) ruling is an official decision made by an authorized officer of the Canada Revenue Agency (CRA). The ruling confirms whether a worker is an employee or is self-employed and whether the worker’s...
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The Government of Canada will start implementing the digital version of the Canadian Citizenship Certificate starting June 27, 2022. The e-certificate is a valid proof of Canadian citizenship. If you have participated in the pilot project and have received an e-certificate, you...
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OAS benefit amounts will increase by 1% for the April to June 2022 quarter. This increase is based on the general Consumer Price Index (CPI). Maximum OAS amount for this quarter: $648.67 Maximum GIS amount for this quarter: Single, widowed,...
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Erin Pottie · CBC News · Posted: Jun 14, 2022 This story is part of a series from CBC Cape Breton called The High Cost of Getting By. In the series, reporters examine how the rising cost of daily living is affecting people on...
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Ukraine immigration measures: Financial assistance The federal government is offering financial assistance to help newly arrived Ukrainian families who are in Canada under the Canada-Ukraine authorization for emergency travel (CUAET). The assistance is a one-time, non-taxable benefit. It’s to take...
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By Simon Little & John Hua  Global News  Posted May 25, 2022 Backlogs and bottlenecks in passport processing through Service Canada appear to be causing problems for clients seeking other core services through the facilities, such as death benefits or employment insurance. Lower...
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Miriam Katawazi CTV News Toronto Multi-Platform Writer | May 12, 2022 An Ontario driver who got a $495 ticket is warning people about a rule he says he didn’t know still existed after the province dropped licence plate renewal fees....
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THE EDITORIAL BOARD, PUBLISHED MAY 2, 2022 A new round of data from the 2021 census details what has long been known: Canada, you’re getting old. While Canada is younger than Group of Seven countries such as Germany and France (but older than...
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If governments in Canada want to help seniors who want to continue working, they should remove barriers that discourage them from remaining in the workforce, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public...
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  CRA Free tax clinics overview The Community Volunteer Income Tax Program (CVITP) has existed since 1971 and is a longstanding partnership between the Canada Revenue Agency (CRA), and community organizations and their volunteers. In the province of Québec, the...
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Brooklyn Neustaeter CTVNews.ca Writer | Published Friday, April 8, 2022 The federal government unveiled its highly-anticipated spring budget on Thursday, which proposes an additional $20 million to support Canadian seniors. The government says it will allocate that $20 million over two years,...
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$20 a month high-speed Internet will help connect hundreds of thousands of low-income families and seniors April 4, 2022 – Ottawa, Ontario Canadians need access to high-quality Internet services at affordable prices. Through the Connecting Families initiative, the Government of Canada, in partnership...
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By  Dan Gray – March 17, 2022 With interest rates and house prices on the rise, some believe the country is headed towards a housing bubble, such as the one seen in the US in the mid-2000’s. Added to those two...
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Inflation, cost hikes threaten financial security for some seniors Stephen David Cook · CBC News · Posted: Mar 11, 2022 Many seniors are having to make tough choices as a rising cost of living compounds difficulties brought about by two years of life during...
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