The Guaranteed Income Supplement (GIS) is a monthly, non-taxable payment that tops up the Old Age Security (OAS) pension for low-income seniors in Canada. If you receive OAS, live in Canada, and your income is below specific limits, you can get extra money each month through GIS. It is paid together with OAS on the…
You may have seen posts claiming a Canada OAS increase of $2,800 in September 2025. Let’s set the record straight in simple, reliable terms. The Old Age Security (OAS) program does not jump by $2,800 in a single month. Instead, OAS is indexed to inflation and reviewed quarterly, and there is a permanent 10% increase…
Every year, millions of Canadians depend on CRA benefits to manage daily expenses. These benefits support seniors, families, and workers across the country. But when tax season comes, many people feel confused. They wonder: Are these payments taxable, or are they tax-free? For 2025, this question is more important than ever. With the rising cost…
For many Canadians, living with a disability brings extra financial challenges. The Canada Revenue Agency (CRA) has confirmed that eligible individuals and families can receive up to $8,986 in refunds in 2025 through the Disability Tax Credit (DTC). This refund is not just a tax deduction—it can turn into real money back in your pocket…
The Canada Pension Plan (CPP) payment for September is set for Thursday, September 25, 2025. If you’re on direct deposit, the money should appear in your bank account the same day. Those receiving a paper cheque should allow extra time for delivery. This payday covers CPP retirement, CPP disability, survivor, and children’s benefits. What The…
Waiting for your Advanced Canada Workers Benefit (ACWB) this fall? Here’s the short answer first: there is no ACWB deposit in September 2025. The next instalment is scheduled for Friday, October 10, 2025. The ACWB is an advance on your Canada Workers Benefit (CWB) and is paid automatically if you qualify—no separate application needed. This…
The Canada Caregiver Credit (CCC) is a non-refundable tax credit that helps reduce the income tax you owe when you support a spouse, partner, child, or other dependant with a physical or mental impairment. It is not a monthly benefit and does not have a fixed deposit day—you claim it on your tax return. Who…
Canadian seniors rely heavily on the Canada Pension Plan (CPP) and Old Age Security (OAS) to meet their retirement expenses. With inflation driving up the cost of living, any news of an extra payment or direct check creates excitement and confusion. Recently, reports circulated that the Canada Revenue Agency (CRA) would issue $2,700 direct checks…
Retirement in Canada can feel uncertain with rising living costs, healthcare expenses, and housing challenges. To ease this pressure, seniors benefit from three major federal support programs: the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). In 2025, the maximum combined benefits for seniors who qualify at the highest…
In Canada, many seniors depend on CPP (Canada Pension Plan) and GIS (Guaranteed Income Supplement) payments to cover their monthly expenses. Recently, rumors spread online that the Canada Revenue Agency (CRA) would issue extra payments of $2,300 for CPP and $1,900 for GIS in September 2025. This news caused confusion among pensioners and their families….