In the past few years the Canadian Government recognises the financial challenges faced by the seniors or retirees as due to the high living costs and the inflationary pressures. In response to this the Government now introduced the extra monthly benefit of $1200 to qualified Canadian seniors and retirees. It means that the Canadians seniors who claims for CPP and OAS can now get this $1200 per month additional support. This new initiative provides the additional support and this support ensures that the older Canadians can maintain a standard of living. Let’s see $1200 Extra Monthly Checks Coming This Week and also we will know who can claim this extra $1200 per month and when this will be delivered to the OAS and CPP Claimants.
$1200 Extra Monthly Checks Coming This Week
This $1200 per month for seniors is designed to address the raised economic pressures on the Canadian seniors. As the inflation rises in Canada and due to this many Canadian seniors find it difficult to meet their daily expenses including healthcare, housing, food or other daily necessities. The seniors rely on fixed income sources like pensions or savings and this is not sufficient in times of economic strain. This extra payment of $1200 can help the seniors to afford the essential items. As the seniors have high medical expenses, this additional support can assist the older Canadians in managing the healthcare costs. Also the additional support of $1200 per month can stimulate the economy as the seniors will spend the additional funds on the essential goods or services. Let’s check this $1200 Extra Monthly Checks Coming This Week with the eligibility, schedule and reliability.
$1200 Per Month Extra To Canadians 2024- Overview
| Post Title | $1200 Extra Monthly Checks Coming This Week |
| Year | 2024 |
| Name of the Country | Canada |
| Issuing Agency | CRA or Service Canada |
| Payment Name | OAS + CPP |
| $1200 Monthly To Seniors or Retirees Eligibility 2024 | OAS and CPP Claimants |
| Objective | Financial Support |
| $1200/M Extra Payment Schedule 2024 | Not Confirmed |
| Payment Frequency | Monthly |
| Post Category | Finance |
| Official Web page | www.canada.ca |
$1200 Monthly To Seniors or Retirees Eligibility 2024
- For this additional $1200 the OAS and CPP must be claimed.
- The Canadian senior should be 65 years old as OAS Claimats and 60 years old as CPP Claimants.
- The older Canadians must be legal residents living in Canada. With this the proof of residency is required.
- The income requisitics for the OAS claimants must be followed. This means that the seniors must fall below the certain threshold for the extra payment qualification. This ensures that the extra $1200 will be available to those who have serious requirements.
- The CPP contributions must be made for the qualification of the extra $1200 payment.
- The CPP and OAS Claimants can automatically claim this $1200 per month as extra additional support.
$1200/M Extra Payment Schedule 2024
Once this $1200 extra payment gets approved then the seniors will begin receiving this $1200 with the regular OAS and CPP Payment. This means that the seniors or retirees can claim this payment in forthcoming months with the regular payment of OAS and CPP. Here we will see the regular schedule for the OAS and CPP:
| Month | Payment Date | OAS CPP Payment Date 2024 |
| January | 29th | Monday |
| February | 27th | Tuesday |
| March | 26th | Tuesday |
| April | 26th | Friday |
| May | 29th | Wednesday |
| June | 26th | Wednesday |
| July | 29th | Monday |
| August | 28th | Wednesday |
| September | 25th | Wednesday |
| October | 29th | Tuesday |
| November | 27th | Wednesday |
| December | 20th | Friday |
Fact Check: $1200 Extra Monthly Checks Coming This Week
This claim of $1200 per month extra for Canadian seniors or retirees is not currently a reality. The extra payments for OAS and CPP exist but this $1200 per month does not exist. The various discussions and proposals around the senior support often focus on the adjustments in the existing benefits as per the inflation and rising living expenses. But this $1200 per month extra or adjustment is not an official program. The seniors have recently seen changes in the OAS and CPP amounts but this $1200 does not include that. This means that this $1200 extra is not the reliable update. For the accurate and current data on the financial assistance for seniors or extra payments it’s always advised to refer to the Government official portals like CRA portal or Service Canada portal.
FAQ Related To $1200 Extra Monthly Checks Coming This Week
The seniors or retirees in Canada can claim for $1200 per month.
The rollout date for this extra $1200 per month has not officially been announced but this will come in a few weeks or months.
No, this $1200 extra per month is not fully reliable.
Yes, as like OAS and CPP this $1200 extra will also be taxable.
No, there is no $1200 extra application requisite as the OAS and CPP claimants automatically claim this.
