Canadian seniors will receive their next Old Age Security and Canada Pension Plan payments on April 28, 2026. OAS payments increased by 0.1 percent for the April to June 2026 quarter.
Seniors aged 65 to 74 can receive up to 743.05 dollars per month if their net world income is below 148,451 dollars. Those aged 75 and older can receive up to 817.36 dollars monthly if their income is below 154,196 dollars.
The OAS payment system adjusts quarterly based on changes in the Consumer Price Index. This adjustment mechanism aims to keep pace with inflation and ensure that seniors maintain their purchasing power.
The Guaranteed Income Supplement (GIS) also saw a 0.1 percent increase in April 2026. Single seniors with an income below 22,512 dollars can receive up to 1,109.85 dollars per month from GIS.
Couples receiving OAS may qualify for up to 668.08 dollars each, depending on their combined income levels. However, OAS is taxable and subject to a recovery tax for higher-income seniors.
The clawback range for OAS begins at 95,323 dollars for those aged 65 to 74. This means that higher earners may see reductions in their benefits as income rises.
OAS payments are reviewed four times a year—January, April, July, and October—to determine any necessary adjustments. In the past year, OAS payments have risen by approximately 2.1 percent.
The maximum monthly CPP retirement pension at age 65 is currently set at 1,507.65 dollars. Details remain unconfirmed regarding any future changes or additional increases in these benefits.