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If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS works.
About Old Age Security (OAS)
Old Age Security benefits are monthly payments made by the federal government to supplement the income of eligible Canadians age 65 and older. Along with the Canada Pension Plan (CPP) and personal savings, OAS provides financial support for older Canadians. CPP and OAS payments are issued on the same dates.
OAS payment dates for 2025
January 29, 2025
February 26, 2025
March 27, 2025
April 28, 2025
May 28, 2025
June 26, 2025
July 29, 2025
August 27, 2025
September 25, 2025
October 29, 2025
November 26, 2025
December 22, 2025
Where does OAS money come from?
The money that funds the OAS comes from the federal government…
Your ID was stolen, here’s what to expect
– moneysense.ca
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on the rise in Canada. In 2023, over 11,000 cases of ID fraud were reported to the Canadian Anti-Fraud Centre (CAFC). Fraud crimes are vastly underreported, so the total is likely much higher.
Identity theft is no longer just someone combing through your paper mail for personal information. That still happens, but what’s more likely now is that your information is being stolen online through hacking or a phishing scam, where you are unknowingly giving a scammer personal information. Here’s what you need to know—plus how to prevent further ID theft.
What is identity theft?
Identity theft is when criminals steal your personal or financial information, like your social insurance number (SIN), credit card number or bank account information, and use it to open new credit cards, apply for government benefits, make purchases, or access your bank accounts and steal funds…
Sending Canadian troops to Ukraine ‘on the table’ under possible peace deal: Trudeau – Toronto Star
– news.google.ca
You just discovered your identity was stolen, but you’re not sure exactly when it happened—it’s possible it was weeks or even months ago. Identity theft can have a serious impact on Canadians’ finances. Is it too late to protect yourself and your credit?
You’re not alone; it’s a common occurrence to realize, often long after it’s happened, that you’ve fallen victim to a scam or been a target of ID theft in Canada. And it’s not too late to do something about it—ID thieves will often wait months or even years after stealing personal and financial information before using it, to lull targets into a false sense of security.
What are the signs of identity theft?
Many Canadians only realize they’ve been a victim of identity theft weeks or months after it happened. Here are a few signs to be aware of:
Bills don’t arrive when they should. This could be a sign that someone has changed your mailing address and/or email address.
Your credit score has unexplained decreases, because thieves have opened new credit cards in your name without making any payments…
7 ways to protect yourself from ID theft
– moneysense.ca
Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases.
According to the CAFC, these are some of the most common ways that criminals steal Canadians’ identities:
Taking personal or financial information from your recycling bin or mailbox
Obtaining your information through a spoofed website, which is a fraudulent website set up to look like a site from a trusted source, like a bank
Pretending to be a bank or government employee to “phish” for information by phone, email or text
By the time the victim realizes what’s happening, the fraudsters may have used the personal information to drain their bank accounts or take out a loan in the person’s name, for example.
Dealing with the aftermath of ID fraud can be time-consuming and stressful, from trying to recover lost funds to repairing a damaged credit score…
