Old age pension up

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...

* Spring Financial Inc. provides loans up to $35,000 with interest rates ranging from 9.99% to 46.99%, and terms from 6 to 60 months. APRs on such loans range between 10.8% to 46.99%. Your actual rate will depend on a variety of factors such as your credit score and the loan amount. An example of borrowing costs paid on a $5,000 loan with a 60 month term at 10.87% APR is a Weekly payment of $24.43, with the total repayment amount of principal and interest being $6,352.33 and the total cost of the loan (interest only) being $1,352.33. To qualify for The Foundation, you must have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID. The Foundation is available in all provinces except Saskatchewan, Quebec, and New Brunswick. Results from The Foundation depend on the individual. All guarantee references are made in connection to the Evergreen Loan. To qualify for the Evergreen Loan, you must first successfully complete 12 months on The Foundation and save $750, have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID. Spring Financial Inc. is headquartered at Suite 600, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia, Canada, V7X 1M8 Copyright © 2023 Spring Financial Inc. All rights reserved. Spring Financial Inc. and its loans are not affiliated with any credit bureaus.