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Do CPP and OAS Increases Happen on Your Birthday? Here’s the Truth About Pension Boosts
Do pension boosts happen on your birthday? Not quite. Old Age Security (OAS) increases by 10% the month after you turn 75. Canada Pension Plan (CPP) starts the month after you apply, with inflation-based boosts every January. Learn how timing your applications, understanding cost-of-living increases, and using government tools can help you maximize retirement income and plan ahead with clarity and confidence.
CPP and OAS Payment Dates for June 2025 — When Will Your Benefits Arrive?
CPP and OAS payments for June 2025 are scheduled for Thursday, June 26, with direct deposit options closing June 23. CPP can reach $1,433 monthly (age 65), OAS up to $800.44 (age 75+), and GIS offers non-taxable support of $1,086.88 for singles. Taxes apply, and income affects eligibility. Benefit planners suggest using TFSAs, delaying pension starts, and digital tools for managing income and avoiding clawbacks.
CPP and OAS Getting a Raise This June; CRA Reveals Exact Pension Increases
Starting June 2025, Canadian seniors will see a bump in retirement income as CPP and OAS payments increase. These changes aim to help retirees keep pace with inflation and provide a more secure financial future.
OAS Just Increased for June 2025; Did the Bigger Payment Hit Your Account Yet?
Canadian seniors will see a 1.0% increase in their Old Age Security payments starting July 2025, reflecting adjustments for inflation. This article provides a comprehensive overview of the new payment amounts, eligibility criteria, and steps to ensure you're receiving the correct benefits.
Canada’s $2200 Payment Hits This Month—Are You Eligible for the Cash?
Canada is issuing a one-time $2200 relief payment to help low-income residents deal with inflation and living costs. Eligible recipients include seniors, disabled individuals, low-income families, and caregivers. The payment is tax-free and won’t affect other benefits. Some get it automatically, others must apply. Here’s who qualifies, how to apply safely, when to expect your funds, and how to make the most of this financial boost.
