Canadian seniors got a boost in old age benefits

Canadian seniors got a boost in old age benefits

Benefit payments for Canadian seniors went up slightly in a scheduled increase as retirement is “becoming unaffordable” for many in the country. July amounts of the Old Age Security (OAS) benefits increased by 2.8 per cent compared with the previous year after adjusting for inflation. For the July to September period, OAS benefits are rising by 0.7 […]

Canadian seniors should save this much for retirement

Canadian seniors should save this much for retirement

Retirement is a significant milestone in life, and for Canadian seniors, ensuring that they have enough money saved to live comfortably during their retirement years is a critical concern. Determining the exact amount required can be challenging, as it depends on various factors such as lifestyle expectations, health care needs, inflation, and geographic location. However, […]