The Canada Revenue Agency (CRA) is making headlines again with claims of a $2,254 Old Age Security (OAS) payment being disbursed in February 2025. But is this information accurate? Let’s break it down and verify the facts regarding this potential benefit for seniors, its eligibility, and the actual payment dates. What Is the OAS Payment? … Read more
The Golden Age Stimulus has been officially confirmed for 2025, offering eligible individuals up to $2,300 in direct payments. Designed to support seniors and retirees, this stimulus aims to ease financial burdens amid rising living costs. Wondering if you qualify? Let’s dive into the details, including eligibility criteria, payment schedule, and steps to claim this … Read more
As Canadian seniors navigate rising costs of living, the Old Age Security (OAS) payment remains a crucial lifeline for many. For February 2025, eligible seniors may receive up to $2,120, including supplemental benefits. But not everyone qualifies for this payment. Here’s a detailed guide to the eligibility criteria, payment date, and how to ensure you … Read more
The Social Security Administration (SSA) will issue the second spherical of payments for the month of February this coming Monday, February three. This consists of payments to retirees, survivors, and those receiving Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Some beneficiaries already received early bills on Friday, January 31, but the SSA … Read more
January has brought higher Social Security payments thanks to the 2025 COLA increase. Some retirees can even receive up to $2,831 at 62, but they must meet strict conditions set by the Agency. So that you can have an idea of how big this check could be, the average payment for all retired workers is … Read more