This year’s Old Age Security (OAS) fourth review is now complete. E ligible retirees between the ages of 65 and 74 now receiving maximum monthly payment of CAD 707.68 from October to December of 2023. 75 years of age and above have a maximum of CAD 778.45. OAS payments never go down, even when living expenses do. Instead, they fluctuate in line with the Consumer Price Index.
The applicant’s employment history has no bearing on their eligibility for the OAS pension. It is a lifetime benefit payable to Canadian citizens or lawful residents 65 years of age or older, adjusted […]
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