The Old Age Security (OAS) and the Canadian Pension Plan (CPP) are essential to retirees. It’s money to cover the necessary retirement expenses. However, the coronavirus outbreak exposed the need for a higher pension during a crisis. Thus, retirees are receiving an extra $300 in June 2020.
The federal government saw it fit to grant seniors financial relief via a one-time boost in OAS payment. If you’re a working senior, you can also qualify for the Canada Emergency Response Benefit (CERB). But if you find the combined OAS and CPP payments too small for your comfort , you can boost […]
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