Social Security

Canadian seniors can expect to receive up to $1,700 in CPP and OAS payments in May 2025. This benefit is a combination of Canada Pension Plan (CPP) and Old Age Security (OAS) payouts designed to support retirees in maintaining financial stability. However, not all seniors will receive the full amount, as eligibility and payment levels depend on age, contribution history, residency, and annual … Read more

The $2,000 Child Tax Credit (CTC) for the 2024 tax year, filed in 2025, continues to offer substantial financial support to millions of American families. This federal benefit is aimed at helping cover the rising costs of child-rearing and can significantly boost tax refunds. For eligible households, this credit serves not just as a deduction but also … Read more

In May 2025, Supplemental Security Income (SSI) beneficiaries will notice two payments instead of the usual one. This occurrence is due to the Social Security Administration’s (SSA) payment schedule adjustments when the first of the month falls on a weekend.​ Why Two SSI Payments in May 2025? The SSA typically issues SSI payments on the … Read more

During a recent forum at Long Island University, Martin O’Malley, the former chief of the Social Security Administration (SSA), raised alarming concerns regarding potential disruptions to Social Security payments. Joined by Democratic Representatives Laura Gillen and Tom Suozzi, O’Malley emphasized that millions of Americans could soon face significant delays in the benefits they depend on … Read more