With more government cheques going out this summer, eligible Canadians can look forward to continued support through a range of federal and provincial benefits.
Here are the upcoming payment dates:
Canadian Pension Plan and Old Age Security
The Canadian retirement benefits system includes the Old Age Security pension, guaranteed income supplement, allowance, and allowance for the survivor, along with the Canadian Pension Plan.
CPP: Residents over 65 are eligible for a maximum monthly payment of $1,433.OAS Pension: Individuals aged 65 to 74 with an annual income below $148,451 can receive up to $707.67 per month. Those 75 and over with an income below $154,196 may receive up to $880.44 monthly.Eligible individuals should note that the OAS pension is reviewed quarterly—in January, April, July, and October—to reflect increases in the cost of living based on the Consumer Price Index. Importantly, payments will not decrease if the cost of living goes down.
The Canadian Pension Plan and Old Age Security payments are sent …