April 20, 2021 – Budget 2021: Increases to OAS

by | Apr 20, 2021 | Industry Updates

In August of 2021, OAS pensioners who are over the age of 75 (as of June 2021) will receive a one-time payment of $500. Furthermore, the government is proposing a 10% increase effective July 2022. This increase would provide an additional $766 in 2022 and would then be indexed to inflation in subsequent years.

Source Canadian Federal Budget 2021

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