Preferred Region
How does this work?
As winter expenses and holiday costs start to add up in the coming months, Ontario residents can find some relief as a round of benefit cheques will be sent out to eligible recipients in December. Here are the scheduled payment dates for the final month of 2024:
Canadian Pension Plan and Old Age Security
The maximum monthly payment for the Canadian Pension Plan (CPP) for residents over 65 is $1,306.57.
For the Old Age Security (OAS) pension, individuals between ages 65 to 74 with an annual income of less than $142,609 are eligible for a monthly payment of up to $707.68. Those between the ages of 75 and over with an annual income of less than $148,179 may receive up to $778.45 per month.
The Canadian Pension Plan and Old Age Security payments are sent out monthly. The final payment is:
Child Tax Credit
The Canada Revenue Agency (CRA) oversees the tax-free monthly Child Tax Credit benefit, designed for eligible families…
