OAS payment dates in 2025, and more to know about Old Age Security + MORE Apr 2nd

TSX getting you down? There are always sound investment alternatives.

Latest News

How is investment income taxed in Canada? Jul 3rd

Ask MoneySense I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying? My financial advisor is not very helpful. –Louise There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »

Skip the chocolates and build financial intimacy instead Feb 6th

Money is something many of us were taught not to talk about. Yet, finances shape everything from whether you’ll have kids or buy a home to when you’ll retire—and nothing kills a romantic spark faster than money stress. In relationships, being on the same page financially isn’t optional, it�.... More »

Bank of Montreal beats estimates with higher quarterly profit, boosts dividend - The Globe and Mail May 28th

Bank of Montreal beats estimates with higher quarterly profit, boosts dividend The Globe and MailView Full Coverage on Google News.... More »

How do you take RDSP withdrawals? + MORE Jun 12th

Registered disability savings plans (RDSPs) were created in the 2007 federal budget, and the first accounts were opened in December 2008. It took a while for financial institutions to offer them and, even now, you cannot open RDSPs everywhere. Most Canadians with RDSPs have only ever deposi.... More »

Are you really ready to retire? Why many Canadians are struggling with retirement planning Mar 24th

Despite best intentions, many Canadians are not financially prepared for retirement. This reality is driven by a combination of factors: rising costs of living, growing debt levels, insufficient personal savings, and a lack of proper planning. Unexpected life events such as health challenges, job lo.... More »

Canadian expat tax guide: “If I work abroad, where do I pay taxes?”—and other questions answered

– moneysense.ca

Figuring out where and how to pay taxes as an expat from Canada is just one of many things you must do if you move abroad for work. Statistics Canada estimates that 4 million working, retired and studying Canadians live outside of Canada. But before packing your bags, make sure you do some proactive financial and tax planning by consulting experts who can guide you.

Do I pay taxes in Canada if I move abroad?

Well, that depends. Brenda Hiscock, a certified financial planner with Objective Financial Partners in Markham, Ont., helps her clients understand what they need to do financially in Canada before leaving the country.

One of the first steps: Determine your tax residency either with the help of a professional accountant or by filing an NR73 with the Canada Revenue Agency (CRA). Absences of less than six months typically do not affect residency. “If you’re planning on leaving Canada with an indefinite return day for any longer than six months, you should strongly consider working with an expert to figure out what type of tax reporting is required and whether you meet the criteria to be a non-resident,” says Hiscock…

Continue Reading On moneysense.ca »

OAS payment dates in 2025, and more to know about Old Age Security

– moneysense.ca

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…

Continue Reading On moneysense.ca »

Banks.ca constantly finds the best and most current Investment information available in Canada.

Share