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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Latest Testimonial

If you are nearing retirement, newly retired, or well into that stage of life and need some honest, reliable financial advice and tax planning services, I highly recommend Willis and Nancy Langford at Langford Financial. I have been working with them since the fall of 2020 and am really happy I made the switch.

I needed much better advice than I was getting from my new bank rep as I was actively preparing for retirement. I found Langford Financial online and booked a review meeting. I was happy that I was sent a complete list of all the information that would be needed prior to my initial meeting so I arrived prepared.

From that initial meeting, I decided to have Willis prepare a retirement plan for me. After we reviewed everything he had prepared, I felt much more confident in what was to come financially during retirement and how I could manage it. That's when I decided to transfer my investment portfolio from my bank to Langford Financial so they could manage it with and for me. I felt they really had my best interests at heart.

It was a pleasant surprise that their approach combined both income planning for retirement and tax planning for both the immediate future and well into retirement. This has proven to be very helpful as it has ended up saving me a lot of money (a lot!) by using credits that had been missed by the company I previously used to prepare my taxes.

I really like working with Willis and Nancy. They are very quick to answer any questions I have and can accommodate virtual or in-person meetings based on what is needed. They also produce a regular newsletter that I really enjoy. It has lots of tips in it and some very good in-depth information that helps me make better decisions---or at least ask better questions!

Moving to Langford Financial was a great decision for me. It has lead to better financial planning and decision-making and much greater peace of mind for me at this time of life.
 
 
 
Sharon Stroick
Full Service Client Since 2020

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