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Keyword: GIS

39 results found
Increase to OAS benefits takes effect July 1

The federal government has increased the old-age security benefit by 1.2 per cent as of July 1. The change means a single senior receiving OAS and the guaranteed income supplement with no other income may receive $1,728.84 more today than in November 2015.  The government also noted that restoring the age of eligibility for OAS and GIS […]

  • By: Staff
  • July 3, 2018 September 13, 2019
  • 16:00
CPP enhancements to increase total benefits by 44% by 2070: study

The upcoming enhancements to the Canada Pension Plan will increase Canadians’ total CPP benefits by about 44 per cent by 2070, according to a new report by the Canadian Institute of Actuaries and the Society of Actuaries. The study, authored by Bonnie-Jeanne MacDonald, senior research fellow at Ryerson University’s National Institute on Ageing and resident scholar at Eckler Ltd., used […]

  • By: Staff
  • June 21, 2018 September 13, 2019
  • 08:30
Canadians’ retirement confidence drops as life expectancy rises

Almost half (45 per cent) of Canadians are confident they’ll be able to maintain their standard of living in retirement to a life expectancy of 85, according to a new study by market research firm Mathew Greenwald & Associates Inc. and Cannex Financial Exchanges Ltd.  The survey, which questioned more than 1,000 Canadians aged 55 to 75 with […]

  • By: Staff
  • May 15, 2018 September 13, 2019
  • 09:00
Expand CPP replacement rate, create universal pharmacare, urges alternative federal budget

Expand the Canada Pension Plan replacement rate to 50 per cent of earnings. Cap annual contributions to registered retirement savings plans at $22,000. Establish a public agency to administer terminated pension plans. Create a single-payer pharmacare plan for all of Canada. These are just a few of the suggestions put forth by the Canadian Centre for Policy […]

  • By: Staff
  • February 22, 2018 September 13, 2019
  • 16:56
Automatic OAS enrolment to include GIS benefits

The government is introducing automatic enrolment for the guaranteed income supplement benefit beginning this month. The automatic enrolment means that, each month, up to 17,000 Canadian seniors who turn 64 on or after Dec. 1, 2017, will be selected to be automatically enrolled for the GIS benefit without having to complete an application, according to the […]

  • By: Staff
  • January 9, 2018 September 13, 2019
  • 16:05
Fears about CPP sustainability reflect misplaced belief: CPPIB head

The large number of Canadians who fear the Canada Pension Plan won’t be around when they retire reflects a misplaced belief, said Canada Pension Plan Investment Board president and chief executive officer Mark Machin on Tuesday. Machin discussed the sustainability of the national pension plan during his keynote speech at a 2017 symposium held in Toronto by Advocis, the […]

Economic council suggests backtrack on retirement age

The federal government’s advisory council on economic growth has released its second wave of recommendations that include extending the age of eligibility for the Canada Pension Plan, establishing a reasonable process for requesting flexible working arrangements and creating a universal subsidized childcare program to get more women into the workforce. The advisory council believes allowing CPP and […]

National seniors’ strategy needed: Report

The federal government must now play a leadership role in establishing a national seniors strategy for Canada, says a report from the IRPP Task Force on Aging.

  • By: Staff
  • October 8, 2015 September 13, 2019
  • 11:04
OAS benefit amounts to increase

Employment and Social Development Canada has announced the quarterly benefit amounts for Old Age Security (OAS) for October to December 2015.

  • By: Staff
  • September 23, 2015 September 13, 2019
  • 10:34
NDP promises to boost GIS, lower OAS eligibility age

NDP leader Tom Mulcair took his campaign to downtown Toronto today to announce that he would boost an old-age benefit.