Old Age Security (OAS) Payments Increase to $1,615 in January 2025
The maximum Old Age Security (OAS) monthly payment will be raised to $1,615 as of January 2025. This increase is a part of the additional financial support for seniors by the Canadian government, along with the Guaranteed Income Supplement (GIS) for eligible low-income seniors, as a continuous effort to keep helping older Canadians meet the ever-growing costs of living. It is important to learn more about this adjustment-the eligibility criteria …