A $600 Cash Bonus For Alberta Seniors

Retirement Income Planning, Calgary

The Affordability Action Plan

What is it?

It's $100 a month, tax-free, for the next 6 months for Alberta seniors over the age of 65 with an annual income of less than $180,000.

How do you qualify?

  • Age 65 or older by June 30, 2023.
  • Adjusted household income is below $180,000 according to your 2021 tax return (gross household income minus medical, education and split pension deductions).
  • Alberta resident as of November 30, 2022, and remain so on the first day of each month between January and June to be eligible for each month’s payment.
  • If you are already receiving the Alberta Senior's Benefit, you will automatically qualify - you don't have to do anything.
  • Anyone receiving monthly benefits through AISH, Income Support, Alberta Seniors Benefit or services through Persons with Developmental Disabilities (PDD) will automatically get their personal $600 payment but will need to apply for additional payments if they have kids under 18.
  • Parent or guardian of dependent children who are under 18 between January 18 and June 30, 2023.
    • Adjusted household income is below $180,000 according to your 2021 tax return (gross household income minus medical, education and split pension deductions).
    • Alberta resident as of November 30, 2022, and remain so on the first day of each month between January and June to be eligible for each month’s payment.

What do you have to do to get it?

You can apply online or in person at an Alberta Registry

Apply online:

You will need a "Verified Alberta.ca Account" and you can easily set one of these up. This is the same as My Alberta Digital ID, which you may already have. Click here to set up one.

You can apply for the $600 benefit now by clicking here.

If you don't want to or don't have access to a computer, you can...

Apply in person:

Here's the link to learn more and the online application and I would encourage you to get started right away.

 

We help our clients create sustainable, predictable, and tax-efficient cash flow for retirement, to ensure they never have to worry about running out of money.

Want to retire in the next few years? Learn more about our services and book an appointment.

 

Retirement Income & Investment Planners,

Willis & Nancy Langford

 


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I contacted Langford Financial to see if they could help me with specific questions on retirement & estate planning, efficient tax strategies, CPP and OAS benefits, and income drawdown strategies. I was very nervous at first about whether they would be a good fit for my needs, but my concerns were quickly put to rest and Willis and his team made me feel at ease right from the very first meeting.

They are very easy to work with, are very knowledgeable and resourceful, are able to break down complex matters into an easy-to-understand manner, and are always quick to respond to any questions. They reviewed my situation and were able to tailor a plan to fit my specific needs, to my complete satisfaction.

The plan included amongst other things, the best way to utilize efficient income tax strategies. helped me to understand the correct drawdown of assets which would result in larger savings, and provided guidance on insurance products and efficient estate planning.

As a result, I have a much clearer picture of my financial situation now and feel very confident and satisfied with the plan that they have proposed for me, going forward. What I appreciated the most about Willis and his team was that, in addition to their friendly, personable and professional approach, at no time was there ever any pressure to purchase any products.


I am very happy with the service I received from Willis and his team and would recommend Langford Financial to anyone looking for advice on their retirement planning needs. You will not be disappointed!

Naila Jinnah

Naila Jinnah
Fee-Only Planning Client

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