The cost-of-living adjustment (COLA) is a critical benefit that helps maintain the purchasing power of your pension. For 2025, we’re pleased to share that the COLA for Public Service Pension Plan (PSPP) retired members and their survivors is set at 2.7%. Here’s a detailed breakdown of what this means for you and how you can Continue reading
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How Much is OAS in 2025 in Ontario?
The Old Age Security (OAS) pension is a cornerstone of financial support for Canadian seniors, providing essential income to ensure security and dignity during retirement. As we step into 2025, this guide offers detailed insights into OAS, its payment schedule, and eligibility criteria, as well as the Guaranteed Income Supplement (GIS) and other related benefits. Continue reading
What is the COLA for 2025 in Ontario?
Every December, the Workplace Safety and Insurance Board (WSIB) begins sending annual indexing letters to benefit recipients. These letters provide details on cost-of-living adjustments (COLA) for the upcoming year. Starting January 1, 2025, WSIB benefits will increase by 2.6%, fully indexed to the Consumer Price Index (CPI). What Does the 2.6% Adjustment Mean for You? Continue reading
Is Ontario Works Benefits Going to Increase?
As of July 2024, Ontario Works (OW) recipients continue to face stagnant rates, with no increase or inflation-based adjustment for the sixth consecutive year. This lack of change, combined with rising costs of living due to inflation, effectively reduces the purchasing power of OW recipients. Single individuals on OW still receive only $733 per month—an Continue reading
CPP Adjustments: How Much will CPP Increase in Jan 2025
The Canada Pension Plan (CPP) ensures that Canadians’ retirement benefits keep pace with the rising cost of living. Each year, adjustments to CPP payments are based on changes in the Consumer Price Index (CPI). Let’s dive into how this works and what you can expect in 2025. CPP Rate Adjustments: Keeping Up With Inflation CPP Continue reading
What is the Cost-of-Living Increase for Ontario in 2025? Everything You Need to Know
An Overview of the 2025 Cost-of-Living Increase Starting January 1, 2025, individuals receiving benefits from the Workplace Safety and Insurance Board (WSIB) in Ontario will see a 2.6% increase in their payments. This adjustment is fully indexed to the Consumer Price Index (CPI) and is designed to protect against the rising costs of living. Each Continue reading
ODSP Payment Dates 2025: Expected Increase & Amount
The Ontario Disability Support Program (ODSP) provides financial assistance to eligible Ontario residents with disabilities, aiming to help them manage living expenses and improve their quality of life. ODSP Payment Schedule for 2025 ODSP payments are typically issued on the last business day of each month. ODSP payments are typically issued on the last business Continue reading
Will Ontario Works Increase in 2025? A Complete Guide
As of July 2024, Ontario Works (OW) rates have remained unchanged for the sixth consecutive year, despite significant increases in the cost of living due to inflation. This stagnation effectively reduces the purchasing power of recipients, exacerbating financial challenges for vulnerable populations. Ontario Disability Support Program (ODSP) Adjustments In contrast, the Ontario Disability Support Program Continue reading
Ontario Works Payment Dates 2025: Eligibility & Application Process
If you’re in financial need, Ontario Works provides essential support to help cover your living expenses and move toward financial stability. From monthly payment schedules to application steps, this guide will help you understand how to access the assistance you need. Payment Dates for Ontario Works Support Ontario Works issues income support payments monthly, ensuring Continue reading
Rising Grocery Bill Predicted $800 for Canadian Families in 2025
Canadian families should prepare for higher grocery expenses in 2025, with the annual Canada Food Price Report forecasting a significant rise in food costs. A family of four could see their annual grocery bill climb by as much as $800, driven by factors such as a weaker Canadian dollar and the ongoing impacts of climate Continue reading