Benefit cheques that will be coming in April and May in Canada [Video]

More government cheques are on the way this spring, providing a financial boost for eligible individuals, including students feeling the strain of rising expenses. With these payments set to roll out in April and May, they could offer some much-needed relief to Canadians.

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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 $1,306.57. OAS Pension: Individuals aged 65 to 74 with an annual income below $148,451 can receive up to $707.68 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 …