OAS February 2026 Payment Dates & Rates: How Much Will You Get?
When is the OAS February 2026 Payment Date?
The official payment date for OAS and GIS for February 2026 is Wednesday, February 25, 2026.
Note: If you are signed up for direct deposit, your funds will be available on this date. For those receiving cheques by mail, please allow 2-3 business days for delivery.
Maximum GIS Payment Amounts for February 2026
The amount of GIS you receive depends on your marital status and your reported income from the previous tax year. Below are the maximum monthly payment amounts and income thresholds based on the latest 2026 figures from Service Canada:
| Your Situation | Annual Income Limit | Max Monthly Payment |
|---|---|---|
| Single, widowed, or divorced | Less than $22,488 | $1,108.74 |
| Spouse receives full OAS pension | Less than $29,712* | $667.41 |
| Spouse receives the Allowance | Less than $41,616* | $667.41 |
| Spouse does not receive OAS or Allowance | Less than $53,904* | $1,108.74 |
*Combined annual income of the couple.
How Your Benefits are Calculated
The Government of Canada reviews OAS and GIS benefit amounts four times a year (January, April, July, and October). These adjustments ensure your pension keeps pace with the Consumer Price Index (CPI).
Pro Tip: Even if the cost of living decreases, your OAS and GIS payment amounts are guaranteed not to go down. They will either stay the same or increase.
Factors That Affect Your OAS/GIS Amount:
- Previous Year’s Income: Your GIS eligibility is reassessed every year based on the income you report on your tax return.
- Marital Status: Changes in your relationship status (marriage, separation, or the death of a spouse) can significantly impact your monthly rate.
- Residence in Canada: To receive the full OAS pension, you generally need to have lived in Canada for at least 40 years after the age of 18.
Frequently Asked Questions (FAQ)
What if I didn’t receive my OAS payment today?
If you have not received your payment by the end of the day on February 25, 2026, it is recommended to wait two business days before contacting Service Canada at 1-800-277-9914.
Is the OAS February payment taxable?
Yes, the Old Age Security (OAS) pension is considered taxable income. However, the Guaranteed Income Supplement (GIS) is non-taxable.
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Saving in the wrong registered account can quietly destroy a low-income worker’s retirement setup. Read our guide on TFSA vs RRSP for Low Income Earners: Avoid the GIS Retirement Trap to discover why RRSP withdrawals trigger a hidden 50% benefit clawback—and how shifting to a TFSA protects your Guaranteed Income Supplement benefits.
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It was created to provide general pension information only.
