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:

  1. $687.56 for seniors between ages 65 to 74 
  2. $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

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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Discover how to maximize your tax-free government relief with complete CRA details on the newly launched Canada Groceries and Essentials Benefit (CGEB). Learn about updated 2026 eligibility rules, enhanced quarterly payout schedules, and maximum income limits. Read our article Canada Groceries and Essentials Benefit 2026: Eligibility & Payment Schedule, at taxservicecanada.ca.
 
Never miss an Old Age Security payment by bookmarking our dedicated 2026 OAS Payment Schedule page today. Managing your retirement budget is much easier when you know exactly when your funds will arrive in your account. By saving this link, you’ll have instant, one-click access to the most up-to-date distribution dates and any schedule adjustments throughout the year.

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