OAS eligibility

OAS Payment Increase to $1,615 in January 2025 – Know If You Qualify for It

by
Justin Trudeau

In January 2025, Canada’s Old Age Security (OAS) program will increase its maximum monthly payment to $1,615, offering greater financial support to seniors. This includes the Guaranteed Income Supplement (GIS) for low-income seniors. Whether you’re already receiving OAS or planning for retirement, knowing this boost, its eligibility requirements, and how to maximize your benefits is … Read more

$2,300 Extra OAS for Seniors in June 2024 – Qualification and Eligibility Updates

by
Justin Trudeau

The Canada Revenue Agency (CRA) has always played a pivotal role in the financial upliftment of Canadians. Over the years, various programs and schemes introduced by the CRA have made significant impacts, particularly for senior citizens. Given the rising inflation and financial challenges, there are discussions about a possible extra Old Age Security (OAS) payment … Read more