A lot of talk and reports have been going around about how the Old Age Security (OAS) payments for Canadian seniors might go up to $2700 per month starting in 2024. The point of this piece is to explain what these claims are based on, how OAS payments work, and what seniors can really look … Read more
In the year 2024, much discussion is being made about a $ 2573 Old Age Security (OAS) direct payment arriving in mid-August. This payment’s purpose is to assist seniors to cope with the problem of inflation by providing them with an additional amount for that. However, no substantive evidence has ever been produced to support … Read more
It has been officially announced by the SSA for an extra $574 direct payment to the qualified SSI beneficiaries on October 1, 2024. This payment is also expected to be a part of the general SSI benefits, though the quantity a person receives may differ with other factors such as their financial ability, age and … Read more