Yesterday afternoon, labour activists, seniors, and retirees descended on 21 Tory MP offices across Ontario to protest proposed cuts to Old Age Security benefits.
Human Resources and Skills Development Canada has announced the benefit rates for the Canada Pension Plan and Old Age Security, effective Jan. 1, 2012.
Baby boomers who fail to implement a long-term financial plan early in their retirement years are at risk of having their government benefits and credits clawed back, warns the BMO Retirement Institute. The institute’s report, Mind Your Taxes in Retirement, shows that many boomers aren’t savvy enough when it comes to understanding how they are […]
When it comes to government benefits, chances are many of your employees don’t know what’s available or what they’re entitled to. Is it your job to enlighten them? Maybe not. But if you accept the fact that government benefits can have a significant impact on the economic well-being of retired employees, and if you care […]
Human Resources and Skills Development Canada has announced the quarterly benefit rates for Old Age Security (OAS), effective October to December 2011. As of October 1, 2011, the basic OAS pension benefit, paid to people 65 years of age and older, will be $537.97 per month. This represents an increase of 0.8% from the current […]
A controversial campaign to eliminate the 10-year residency requirement to qualify for old age benefits has been reopened and quickly closed. Tuesday, the Ottawa Sun, among other news publications, reported that Vancouver East’s NDP MP Libby Davies had introduced a motion in June calling on the government to open the federal pension to recent immigrants. […]
Human Resources and Skills Development Canada has announced the quarterly benefit rates for old age security (OAS) will rise by 0.5% to $526.85, effective April to June 2011. Since July 2010, OAS benefits will have increased by 1.9%. Payments under the guaranteed income supplement (GIS) and the allowances will also increase by 0.5%. MAXIMUM OLD […]