The Canada Pension Plan (CPP) death benefit is a key financial support for Canadian families to help with funeral costs after the death of a loved one. Recently, a proposal under Bill C-69 has aimed to increase this benefit from $2,500 to $5,000. This change is designed to address the growing costs of funerals and … Read more
In the second quarter of 2024, the Canada Pension Plan Investment Board (CPP Investments) achieved impressive results, with a 3.6% net return. As of September 30, 2024, the fund’s net assets reached a record-breaking $675.1 billion, highlighting its ongoing growth and stability. This performance showcases the fund’s ability to weather economic challenges while continuing to … Read more
Recently, there have been rumors circulating about a massive $1,599 increase in monthly Canada Pension Plan (CPP) payments for certain age groups in 2024. This has sparked a lot of excitement, especially among retirees and pensioners, but it’s important to clarify that there is no official confirmation about such a large increase. This article will … Read more
If you’re a senior living in Canada, you may be wondering when you’ll receive your Old Age Security (OAS) and Canada Pension Plan (CPP) payments for November 2024. These two programs are essential for retirees, providing financial support to cover living expenses. In this article, we’ll go over the key dates, payment amounts, eligibility requirements, … Read more