In 2018, Canada has truly been exceptional! At the beginning of the year, various welfare policies have been introduced one after another! Following the reduction of small business tax rates, the increase of the minimum wage, and the reopening of immigration for parents and grandparents, the Canadian federal government has recently announced a new benefit for seniors over 65.
Recently, the Canadian federal government announced that, starting from January 1 of this year, seniors aged 64 who qualify will be automatically included in the Guaranteed Income Supplement (GIS). No additional application is required, and when they turn 65, they will receive the Old Age Security (OAS) and the Guaranteed Income Supplement approximately one month after their birthday.
The Minister of Families, Children and Social Development, Jean-Yves Duclos, stated that by eliminating the application process for the benefits of seniors aged 65 and over, up to 17,000 low-income eligible seniors will be automatically listed as potential recipients of the benefits each month.
The implementation of the new policy can save the time and complexity of the application process, making Canada's entire pension system for seniors more comprehensive. Based on the automatic enrollment system for OAS, the GIS automatic enrollment system will ensure that Canadian seniors can access services and benefits more easily, conveniently, and promptly.
In addition to the Guaranteed Income Supplement and Old Age Security, Canada also offers the Canada Pension Plan (CPP) and other allowances for seniors. It can be said that Canada's pension system is so well-established that it is often referred to as a "pension paradise," which has attracted many investors to immigrate here.
With Canada launching a three-year plan to welcome nearly one million new immigrants and implementing the C-6 citizenship bill to relax immigration and citizenship policies, investment immigration to Canada is entering a golden period. Now is the time to invest in Canada and enjoy its generous welfare benefits.
The leading organization in the investment immigration industry, WorldWay Immigration Group, is currently offering low-threshold investment immigration options in Quebec that provide direct access to a Maple Leaf Card; quick landing options in Saskatchewan and Manitoba; and investment immigration in Prince Edward Island and New Brunswick, among other high-quality Canadian immigration projects, helping investors realize their dreams of immigrating to Canada and enjoying the generous welfare benefits of a pension paradise.
For more details on Canadian immigration, please consult: 400-138-2929.