Canada's Old Age Security Payments to Increase in April 2026
Old Age Security Payments: Canadian pensioners to receive higher payout in April - Check Date, Eligibility, and Maximum Amount by age bracket
The Economic Times
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Canadian pensioners will see an increase in Old Age Security (OAS) payments starting April 28, 2026. The maximum monthly benefit will be $743.05 for those aged 65 to 74 and $817.36 for seniors aged 75 and above, helping to offset rising living costs.
- 01OAS payments will increase in April 2026 to assist pensioners with living costs.
- 02Maximum monthly benefits are $743.05 for ages 65-74 and $817.36 for those aged 75 and above.
- 03Eligibility for OAS requires Canadian citizenship or residency and a minimum residency period.
- 04Payments can be received via cheque or direct deposit into bank accounts.
- 05The next payment date is April 28, 2026.
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Starting April 28, 2026, Canada's Old Age Security (OAS) payments will increase, providing much-needed financial support to eligible pensioners amid rising living costs. The maximum monthly benefit will be $743.05 for individuals aged 65 to 74 and $817.36 for those aged 75 and older. To qualify for OAS, applicants must be at least 65 years old and meet residency requirements, including having lived in Canada for at least 10 years after turning 18. For those living outside Canada, a minimum of 20 years of residency is required. Payments can be issued by cheque or direct deposit, with direct deposit ensuring timely access to funds. This increase in OAS payments reflects the government's commitment to supporting seniors during challenging economic times.
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The increase in OAS payments will help alleviate financial pressures for seniors, particularly as living costs rise.
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