Old age pension list

  1. About the Old Age Security
  2. Old Age Security: Overview
  3. Old Age Security: Overview
  4. About the Old Age Security


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About the Old Age Security

The Old Age Security (OAS) program is one of the cornerstones of Canada's public retirement income system. The OAS program provides a base upon which individuals can add income from other sources to address their specific financial circumstances. These include the Canada Pension Plan or Quebec Pension Plan, employer-sponsored pension plans, and personal registered retirement savings plans, as well as investments and personal savings. The OAS program provides the basic OAS pension to seniors aged 65 and over who meet the legal status and residence requirements. It also provides the Guaranteed Income Supplement (GIS) to low-income OAS pensioners, as well as the Allowances for low-income individuals aged 60 to 64 who are the spouses or common-law partners of GIS recipients, or who are widows or widowers. Service Canada's delivery of OAS benefits involves multiple services, including: • answering program queries through specialized call centres, via the Internet and at in-person points of service; • collecting and processing benefit applications and issuing payments; • monitoring decisions and payments for accuracy; • administering requests for reconsideration of a decision; • conducting client authentication and identification; and, • preventing, detecting and deterring fraud and abuse. Other services • • • • • • • • •

Old Age Security: Overview

Old Age Security • • • • • Overview The Old Age Security (OAS) pension is a monthly payment you can get if you are 65 and older. In some cases, Service Canada will be able to automatically enroll you for the OAS pension. In other cases, you will have to apply for the Old Age Security pension. Service Canada will inform you if you have been automatically enrolled. In most cases, you do not have to apply to get this benefit. Why you may have to apply You may have to apply for the Old Age Security. We may not have enough information to enroll you automatically. When payments start You can receive your first payment the month after you turn 65. Delaying your first payment You can receive a higher Old Age Security pension amount for each month you decide to Old Age Security pension amount The amount you receive depends on your income and how long you lived in Canada or You will have to pay tax on the Old Age Security pension payment. Extra payment based on your income and your age In addition to your OAS, you could also be eligible for other benefits. Guaranteed Income Supplement You may also be eligible for the • you are 65 or older • you live in Canada • you get the Old Age Security pension • your income is below the You apply for the GIS at the same time as you apply for the OAS pension. One-time grant for Guaranteed Income Supplement recipients who received pandemic benefits If you saw a reduction or loss of benefits in July 2021 due to the receipt of pandemic benefits in 2...

Old Age Security: Overview

Old Age Security • • • • • Overview The Old Age Security (OAS) pension is a monthly payment you can get if you are 65 and older. In some cases, Service Canada will be able to automatically enroll you for the OAS pension. In other cases, you will have to apply for the Old Age Security pension. Service Canada will inform you if you have been automatically enrolled. In most cases, you do not have to apply to get this benefit. Why you may have to apply You may have to apply for the Old Age Security. We may not have enough information to enroll you automatically. When payments start You can receive your first payment the month after you turn 65. Delaying your first payment You can receive a higher Old Age Security pension amount for each month you decide to Old Age Security pension amount The amount you receive depends on your income and how long you lived in Canada or You will have to pay tax on the Old Age Security pension payment. Extra payment based on your income and your age In addition to your OAS, you could also be eligible for other benefits. Guaranteed Income Supplement You may also be eligible for the • you are 65 or older • you live in Canada • you get the Old Age Security pension • your income is below the You apply for the GIS at the same time as you apply for the OAS pension. One-time grant for Guaranteed Income Supplement recipients who received pandemic benefits If you saw a reduction or loss of benefits in July 2021 due to the receipt of pandemic benefits in 2...

About the Old Age Security

The Old Age Security (OAS) program is one of the cornerstones of Canada's public retirement income system. The OAS program provides a base upon which individuals can add income from other sources to address their specific financial circumstances. These include the Canada Pension Plan or Quebec Pension Plan, employer-sponsored pension plans, and personal registered retirement savings plans, as well as investments and personal savings. The OAS program provides the basic OAS pension to seniors aged 65 and over who meet the legal status and residence requirements. It also provides the Guaranteed Income Supplement (GIS) to low-income OAS pensioners, as well as the Allowances for low-income individuals aged 60 to 64 who are the spouses or common-law partners of GIS recipients, or who are widows or widowers. Service Canada's delivery of OAS benefits involves multiple services, including: • answering program queries through specialized call centres, via the Internet and at in-person points of service; • collecting and processing benefit applications and issuing payments; • monitoring decisions and payments for accuracy; • administering requests for reconsideration of a decision; • conducting client authentication and identification; and, • preventing, detecting and deterring fraud and abuse. Other services • • • • • • • • •