Posts filed under: pension

Download ISP 3050 form Foreign Pension Calculator User Guide The Foreign Pension Calculator is a tool to calculate past and present entitlement to income-tested benefits, under the Old Age Security Act . The tool converts foreign currency income amounts to...
Continue Reading →
* * * If you are unable to return to Canada within 6 months due to Covid travel restriction, click here to learn more * * * The general rules of receiving your OAS, GIS, Allowance (ALW) when you travel...
Continue Reading →
The OAS/CPP benefits must be cancelled after the death of the pensioner When an Old Age Security (OAS) and Canada Pension Plan (CPP) pensioner dies, their benefits must be cancelled. Benefits are payable for the month where the death occurs;...
Continue Reading →
The Canada Pension Plan (CPP) uses a Statement of Contributions to keep a record of your pensionable earnings and your contributions to the Plan. Your statement shows your total CPP contributions for each year and the earnings on which your contributions are...
Continue Reading →
  The form ISP-3134 is used to request a review of the decision on your application for Old Age Security Programs, this includes Old Age Security, Guaranteed Income Supplement (GIS), Allowance/Allowance for the Survivor (ALW/ALWS). This form does not apply...
Continue Reading →
The Government of Canada is committed to reconciliation and ensuring that the tragic history and ongoing legacy of residential schools are never forgotten. The federal government recently passed legislation in 2021 to make September 30th a federal statutory holiday called...
Continue Reading →
As of July 2020, Service Canada has  increased the:  full earnings exemption for GIS renewal from $3,500 to $5,000 and; partial exemption of 50% for earning between $5,001 to $10,000 The maximum earnings that can be deducted is $10,000. These...
Continue Reading →
Do you need to apply Pension office may send you a letter to let you know that you will receive the Old Age Security (OAS) pension when you turn 64 years old. If you did not receive any letter about...
Continue Reading →
Pensioners who are age 75 and over will receive a notification letter from Service Canada pension office notifying them of their entitlement to the permanent 10% increase in their OAS monthly payment. Only pensioners who have passed their 75th birthday...
Continue Reading →
Please be advised that the Federal Government pension offices (call centre and in-person) will be closed to the general public on the following statutory holidays in 2023: New Year’s Day – Sunday, January 1 (Service centres closed Monday, January 2)...
Continue Reading →
Involuntary Separation Sometimes senior married or common-law couple has to live apart from eachother due to unforeseen circumstances (e.g. one transferred to nursing home). Under this circumstances, their marital or common-law status under the pension program may remain as is...
Continue Reading →
We have learned from a pension call centre agent that Service Canada pension office has a national plan to allow pension applicants to send their application or supporting documents by email. This service is not advertised publicly. To be able...
Continue Reading →
You may register your My Service Canada Account (MSCA) to view your claim payment information. Here is a list of service you may find under MSCA: View and print copies of the CPP Statement of Contributions. Verify your payment information...
Continue Reading →
OAS benefit amounts will increase by approximately 1.1% for the July to September 2023 quarter. This increase is based on the general Consumer Price Index (CPI). Maximum OAS amount for this quarter: $698.60 for seniors between ages 65 to 74 ...
Continue Reading →
OAS benefit amounts will increase by approximately 0.5% for the April to June 2023 quarter. This increase is based on the general Consumer Price Index (CPI). Maximum OAS amount for this quarter: $691.00 for seniors between ages 65 to 74 ...
Continue Reading →
If you need help completing your Service Canada forms, (OAS, GIS, CPP application or renewals), you can receive help from Service Canada Outreach Support Centre by calling telephone number according to the province you live in. Ontario: 1- 877-355-2657 Quebec:...
Continue Reading →
New report calls for a publicly funded insurance system, like EI, for long-term care Padraig Moran · CBC Radio · Posted: May 09, 2023 Canadians in their 30s and 40s are figuring out how to support their parents as they retire, but feeling financially...
Continue Reading →
The Government of Canada is committed to negotiating collective agreements that are fair for employees and reasonable for taxpayers. However, bargaining groups representing approximately 159,000 public servants may be in a legal strike position as early as mid-April. These employees...
Continue Reading →
Your Old Age Security (OAS) pension amount is determined by how long you have lived in Canada after the age of 18. It is considered taxable income and is subject to a recovery tax if your individual net annual income is higher...
Continue Reading →
OAS benefit amounts will increase by 0.3% for the January to March 2023 quarter. This increase is based on the general Consumer Price Index (CPI). Maximum OAS amount for this quarter: $687.56 for seniors between ages 65 to 74  $756.32...
Continue Reading →