2025 CPP, OAS, GIS Updates: Big Changes to Your Pensions!

[@Blueprint.Financial]

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[@trainsbuseshostels]

All this shows is how pathetic the pensions are in Canada. I worked all my life in Canada, unfortunately at a lower income level than many and I raised children on my own. So I wasn’t able to put a lot away in retirement savings, like many Canadians. My total CPP, OAS, and GIS is approx. $2000 a month, that’s what most receive in a similar situation to me. That’s a pretty low income to live on as an older solo person. Yet according to your reporting we don’t deserve a cost of living increase and yet people who make up to 90,000 get to keep all their OAS. Oh my gosh, 90,000! If I made 90,000 I wouldn’t expect the government to give be anything. What kind of a sick society do we live in! And you agree with this!

[@dougnettleton5326]

The pension (CPP) you're collecting was meant to replace 25% of your income up to the YMPE amount. The assumption is that over the 40+ years you worked, you would save and invest to make up the rest of what you need. Unless you were dropping out babies for the better part of two decades, you could have been saving before or after your child rearing years. Unfortunately, most don't get serious about saving until it's too late because of a lack of financial literacy education.

[@trainsbuseshostels]

@ Hahaha, you missed the comment about making a lower income! It’s only been since I retired that minimum wage has increased substantially compared to my working years. Savings wasn’t part of my survival budget then and it still isn’t for the many people who are making minimum wage these days, especially with the cost of rent and everything else. My saving grace at age 72, is that I did save enough at one time to put a down payment on a small home. And my mortgage payment is less than rent so I’m currently not on the street like many. But maintenance, insurance, property taxes, utilities, etc. have increased beyond what my pension has. Sure I could sell my house, spend the money to pay rent until it’s gone and then what? Then I would be accused again for not saving enough for retirement or for not buying a house, etc. When I was in my twenties, 50 years ago, buying a house and paying our employee share to CPP along with the government OAS was suppose to take care of us in retirement. Obviously they lied, or were financially illiterate too!

[@marvinhaagsma9177]

These pensions were never intended to provide you with ALL the income you need. You should have provided your own income stream for retirement. Don’t rant about robbing those who did plan ahead.

[@laurag7295]

Shameful

[@laurag7295]

​@trainsbuseshostels I hear you

[@quantarrow]

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[@IshrakHossain-rt8is]

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[@BigNate82]

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[@Jim-g7t9s]

OAS no increase,repayment,all while MP’s keep giving themselves big fat raises and pad their pension,wow,2.2 million dollar pension for 6 lousy years in office,mp’s are making over $200,000 a year plus other perks,they can save for their own retirement like a lot of people or make a pension plan that’s reasonable like other companies

[@JoeSiegfried]

These COLA increases are ridiculous, the real COLA is more like 10% per annum thanks to the runaway increase in housing costs.

[@Blueprint.Financial]

Yes, it does seem quite low this year

[@ranchhand779]

All Government pensions should NOT be taxed.

[@Blueprint.Financial]

Agreed!

[@sktoh4469]

TRUMP!

[@cindyglass5827]

Thank-you for your Info & Updates : ) Nicely & Clearly explained ... Much Appreciated, I have Subbed.

[@Blueprint.Financial]

Yes that's true, $1000 is just easier for people to understand the example!

[@bbjFisher2000]

My CCP is $263/ mo . So 2% is $4 a month increase …WOW WOW! Can’t even buy a gallon of gas!! What an increase?.? Thanks government 😢 You Suck!

[@MoonbeameSmith]

When was the last time you bought a gallon of gas?

[@bbjFisher2000]

@ when I went to the gas pump and my gallon came out the size of a litre hahaha 😂

[@user-jn1ew8rs8r]

your problem is of you own making ....$263 means you contributed virtually nothing

[@HoweySP7575]

Senior who worked all their lives should stop paying anymore after 65! Every in creasewe get puts people in a high tax bracket.

[@Motorhead-bv5lu]

cost of living is far and away above 2.6%… ridiculous and insulting

[@laurag7295]

Indeed!

[@sheribellagee9998]

It barely helps at all because condo maintenance fees, insurance, property taxes all go up to the tune of hundreds of dollars. Such BS!!

[@campbellmccrae6797]

The joys of getting old

[@lucillecairns6765]

If Piere P cuts OAS and GIS until 67 years old how will dusabled seniors survive??

[@Woolverine25]

The changes WILL put you in a HIGHER tax bracket so they can take the INCREASE back in income taxes.

[@Alpheccca]

After all the hoopla my CPP has increased $23.48 per month, before taxes. No increase on OAS.

[@laurag7295]

Shameful

[@bettyarsenijevic5732]

How payments are updated using the Consumer Price Index Old Age Security payment amounts are reviewed each year in January, April, July and October to ensure they reflect cost of living increases, as measured by the Consumer Price Index (CPI). Note: For the January to March 2025 quarter, the benefit amount has not changed from the previous quarter. This is due to the fact that the CPI for the last 3-months used to calculate the quarterly adjustment (August, September and October 2024) decreased slightly compared to the previous period.

[@lilacfriesen8235]

Yea!! 6 chicken legs will do it while the gov.eats all the rest of the chickens.We haven't seen an increase yet, 😢 just a decrease.😢😢😢

[@lesmcclaughry2732]

The increase for the cost of living should be based on the amount the cost of living increases not the percentage. Example, lets say your cost of living is $3000 per month and this year it increases to $3500 per month, that's an increase of 16.67%. If your CPP and OAS equal $2000 per month you would be getting $1000 per month from your savings. The government increases CPP and OAS by the cost of living percentage of 16.67% gets you $2333.40 per month leaving you short $166.69 which you have to get from your savings making your monthly withdrawals $1166.40. By using a percentage the government does not keep up with inflation while they claim they do/

[@Blueprint.Financial]

Well said!

[@BennyC-qg6rd]

I always check My Service Canada account for any expected payments.

[@Loud6788]

Can you delay CPP so you can collect GIS?

[@Blueprint.Financial]

Yes, delaying CPP can potentially help you qualify for or maximize GIS, as CPP income counts toward your taxable income for GIS eligibility.

[@richardmichael59]

“Big” changes? Hardly big changes. Clickbait headline.

[@karinavandamme804]

For all the complainers....have you ever lived and worked in another country, if you did and see what gives in other places you might be happier here...I agree the pension could be more but it gives us all a guarantee that we have some security.

[@MoonbeameSmith]

no... it gives false hope at best.. Where can you live for 2k a month, never mind food or transportation?

[@user-jn1ew8rs8r]

well said....

[@janh8847]

Yahoo…2.6%. now I can afford a package of 6 chicken legs!

[@yolantadianow1584]

😂😂wasting time to listen. Only rent cost 1500 / month....so food , u can only walk to grocery store, clothes from Salvation store , no medication,no dentist, not even travel once a year. 😅 Canada

[@danielpringle7047]

My husband died I submitted the documents in 2023 until today I still haven't received the money do you know which month thank you in advance

[@ginginny143]

Wow, should have had your first cheque in 6 weeks after applying.

[@user-rl7bq2nq6q]

why aren't you calling Service Canada about it?

[@cathycartier484]

Pensioners get a 2.6% increase to offset the cost of living inflation which is about 10% average increase lately . Now what is the percentage of increase our political laeders vote for themselves in salaries and pensions ???????????? That would actually be some startling information !

[@moorthynadarasa7368]

You guys all are good c.p.p change true money no change never change

[@hillbillymark100]

PROVE IT I THINK YOUR LYEING

[@hypermillie2012]

I am only getting 656 a month and for those people who didn't work. and getting more thsn 1000 a month , the refugees are getting more thsn I do. : ( My household income is below 40,000. Utilities are so high, groceries are too expensive.

[@k.foster1551]

I got 40. dollars extra this cheque, how is this going to help me, so little ?? I am 69 do not work and low income...We continue to be poor

[@sktoh4469]

Didn't you consider saving when you were younger?

[@k.foster1551]

I didnt make enough money to save when younger, after rent, food, insurance, gas and any other bills...... also mind your own business

[@stanradziwon4359]

OAS payments has not increase for the first quarter of 2025 because apparently the inflation in last quarter of 2024 was ZERO. What’s a joke!

[@randaman7098]

Wow !!! $ 26 more each month. Now I can get the thick sliced baloney, maybe.

[@Jim-g7t9s]

Also these amounts are a joke after this government takes taxes again to fatten and line their pockets,time people and the Canadian tax federation changed a few things!

[@sylviawadsworth627]

All it is , is a bunch of Bull

[@AlbertHergott-yu5kk]

Wow what a joke 2.6 how much did you guys get . FJT

[@derekhorlock1976]

Do really think the Conservatives will make things better 😂😂😂😂😂😂 yeah right! They will CUT pensions!

[@traceysumner4781]

The end of the month

[@elizabemagnaye1874]

As we all know the money is deposited three days , Nothing is new , everything you are saying is the same.. Ornsions alwsys get increased .

[@scottjet5308]

no income tax after 65

[@johnoneill3014]

The average CPP income is only $800. Why use $1000 when almost no one is receiving that much.

[@Blueprint.Financial]

Yes that's true, $1000 is just easier for people to understand the example!

[@laurag7295]

​@Blueprint.Financial NOT quite good enough. We may not understand all these crappy taxes, but we are not STUPID!!!!

[@Tom-ob8yb]

@@Blueprint.Financial I AGREE WITH YOUR SIMPLE EXAMPLE.

[@jeffgkinzel]

more clickbait

[@barenekid9695]

Important info for you recent emigres who own 3 M$ houses... yet report a massive 24K$ annual income. Don't laugh Entire Municipality of Richmond BC has this documented 'statistic'.. Luvely !

[@michaelhebert422]

26$ LOL what a joke

[@lawrenceparenteau2270]

More Trudeau bullshit. Can anyone afford a gun?

[@edwardthompson9981]

Maybe blame the corporations controling everything.

I'm a senior and I don't give a damn what others are paying in. Give me the payouts loser.