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It was created to provide general pension information only.
OAS benefit amounts will increase by 0.3% for the January to March 2023 quarter. This increase is based on the general Consumer Price Index (CPI).
Maximum OAS amount for this quarter:
- $687.56 for seniors between ages 65 to 74
- $756.32 for seniors 75 and older
Maximum GIS amount for this quarter:
- Single, widowed, or divorced pensioner: $1,026.96
- You and your spouse both receive full OAS / your spouse receives an Allowance payment: $618.15
- Your spouse does not receive OAS or Allowance payment: $1,026.96
Maximum Allowance amount for this quarter: $1,305.71
Maximum Allowance for Survivor amount for this quarter: $1,556.51
Past increase
1.1% for the January to March 2022 quarter.
1% for the April to June 2022 quarter.
2.8% for the July to September 2022 quarter
0.6% for the October to December 2022 quarter
Note: The CPI is a measure of the rate of price change for goods and services bought by Canadian consumers. The increase or decrease in the CPI is measured by the percentage change between the average of the most recent 3-month CPI period and that of the last 3-month CPI period.
Additional Information
Seniors aged 75 and over will see an automatic 10% increase in their Old Age Security pension, as of July 2022.
source: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html
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dennis leibl
February 1, 2023 10:15 ammy deposits stopped on my old age security i live in usa what do i do?
PensionExpert
February 4, 2023 10:07 pmHello Dennis,
Make sure you call the pension call centre to find out what happen. Sometimes they will send a letter to pensionner, if you don’t response, they will pause your payment until you communicate! You can find more info on how to contact the pension office from outside of Canada.
https://pensioncanada.ca.newgatewayca.a2hosted.com/contacting-the-cpp-oas-office-from-oversea/
Aaron
PensionCanada.ca Team
Richard Turner
May 23, 2023 4:43 pmI deferred my OAS payments and was wondering if the 10% increase at 75 be based on the deferred amount ? Thanks
PensionExpert
May 26, 2023 12:48 pmHello Richard,
OAS entitlement is based on your year of residency since 18 years old. The maximum calculated year is 40 years. Therefore, if you have qualified for the full 40 years or residency. the 10% increase will be based on your current entitle amount.
John T.
PensionCanada.ca