Old age security (OAS) and the Canada Pension Plan payments will be heading out to Canadians who qualify on Wednesday.
Some of those payments will also be higher than before because of adjustments made to keep up with inflation.
These payments are made monthly and vary depending on age, residency, citizenship, previous employment and tax-filing status among other factors.
Money should land in bank accounts on July 29 for those with direct deposit.
Those receiving cheques via mail will have to wait for them to arrive.
Here’s how much to expect.
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OAS and CPP payments to roll out Wednesday, here are the amounts -
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What is Old Age Security (OAS) and Who is Eligible?
Old age security
The next old age security payment is scheduled for July 29, 2026, and is administered by Service Canada and Employment and Social Development Canada (ESDC)
To qualify for OAS payments, recipients must be at least 65 years old, a Canadian citizen or legal resident at the time of approval, and they must have been a resident of Canada for at least 10 years since the age of 18.
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OAS qualifications are not based on employment or contributions. Income in the most recent tax year is one of the main factors that determine how much a recipient will get.
Income, in this context, can be generated from employment, but also from EI benefits, rental property revenue, RRSP withdrawals, taxable interest, dividends and capital gains, among other examples.
Employment and Social Development Canada says that OAS benefits have increased 1.2 per cent for the July to September quarter. This means OAS payments for Wednesday will likely be higher than those sent out in June.
Canadians between the ages of 65 and 74 could receive monthly payments up to $751.97, while those 75 years and older could see OAS payments of up to $827.17 per month.
Those maximum payouts are based on income declared in the 2025 tax year and may be less if OAS recipients have an income that exceeds the income thresholds. This is commonly known as OAS “clawbacks,” where the payment amount falls gradually for every dollar over the income thresholds.
This means the maximum monthly OAS payment will most likely be seen by Canadians who receive a net income in the 2025 tax year that falls below the income threshold, which is $93,454. The monthly payment will then be “clawed back” gradually for every dollar above that figure and up to the maximum income threshold.
Those maximum income thresholds are $152,062 for recipients aged 65 to 74 years old, while those aged 75 and over have a maximum of $157,923.
Advocacy group Generation Squeeze has been pushing the federal government to reform OAS.
The group says that higher-income Canadians who may not need the extra money as much as those with lower incomes are still receiving the payments automatically, and further reforms could help save the government billions in payments while sending more benefits to lower-income households.
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Canada Pension Plan
Canada Pension Plan payments are also going out to qualifying Canadians on Wednesday and are jointly administered by the Canada Revenue Agency (CRA) and ESDC.
The amount one could see on their regular Canada Pension Plan payments varies based on average lifetime earnings, total contributions and the age they start claiming the benefits.
To qualify for payments, a recipient must be at least 60 years old and have made at least one valid contribution to the program through their employment or self-employment.
The age one decides to start taking CPP payments determines how large their monthly payments will be.
The CRA says 65 years of age is the standard benchmark age it uses to estimate Canada Pension Plan payments, but those who qualify can start early at the age of 60 or as late as 70. Starting earlier means the monthly payments will be smaller, while taking Canada Pension Plan from a later age will see larger monthly payments, but the maximum monthly amount is reached once a recipient turns 70.
Similarly to employment insurance, most workers will see a Canada Pension Plan deduction on their pay stubs to signify these mandatory contributions, in addition to income tax and other deductions.
Although the pay contributions can be made automatically, depending on the employer or payroll system, the benefit payments are not always sent automatically like with OAS, so Canadians may need to apply for the benefit program through Service Canada in order to see those funds.
For the 2026 calendar year, and based on the CRA’s benchmark age of 65 years old, the maximum benefit amount is $1,507.65 per month, while the average benefit could be $877 per month for new recipients.
Well, got my OAS, paid 3 bills, poof! all gone.
But, yeah, thanks for the hefty 6 dollar increase, what would I do without it?!? 🤣
THE GOVERENMENT SHOULD STOP CLAWING BACK THE PENSION YOU WORKED FOR ALL OF YOUR LIFE! IF YOU GET FORCED TO RETIRE AND TAKE YOUR PENSION, THE GOVERNMENT CLAWS BACK ABOUT 30%! THEN THE NEXT YR, INCLUDES YOUR PENION YOU RECIEVED INCLUDING WHAT THEY CLAWED BACK AS NEXT YRS INCOME AND CUTS OFF ALMOST EVERYTHING! SO WHEN 2 DISABLED SENIORS LIVING ON JUST O.A.S. ANS C.P.P. ARE SAID TO BE MAKING TO MUCH? $2200.00 COMBINE A MONTH IS TOO MUCH? IN THE U.,S., THEY DO NOT TAX YOUR PENSION! AFTER WORKING ALMOST 60 YRS EACH WE ARE EXPECTED TO LIVE ON $2200.00 A MONTH IN THIS AGE!!!! AND CAN’T EVEN GET G,I,S,!! WHAT A JOKE! MANY OTHER GROUPS THAT PAID NOTHING INTO CANADA GET A LOT MORE THAN WE DO!!! THIS IS WRONG! HOW CAN WE LIVE ON $2200.00 A MONTH?
I got $7 and my wife got$6 a month
Tha Carney you got my vote next time !!!
To clarify for the benefit of some commenters on here. People pay into CPP as does their employer fr those who have worked for a living. The longer the payments are made at the allowable contribution rate the bigger the eventual pension payout will be. Not so with OAS. That is 100% Government money. Nobody pays directly into it and there has never been any employment contributions into it. You’ve paid income taxes which went into Federal Government General Revenues and that funds OAS.
It went up $5.00.
Your comment about the big increase to the old folks on las should say its an amount for a sack of potatoes. Not make out its a “big raise” – comes to around $6.00 – enough for a sack of potatoes. Be realistic. Don’t make out its a big increase in income.
Funny how OAPs get a 1.2% increase but CTB increased by 2.7 %. OAP get minimal increases yearly but it evidently costs soooo much more for kids. Paid taxes for years to get these tiny increases which are eaten up by gas, grocery, insurance, medications and so much more.
How can 8.$be keeping up with inflation jesus christ f.in cheap bastard in parliament reap in in for themselves though
@Paul Henrick and Ben The CPP and OAP are NOT subsidies they are accrued over many years of paying into them over a persons working life.The Liberals are pushing the subsidies language to try to get Canadians into thinking they are getting government benefits when they are actually getting back what they have paid in.
OAS go down every six month’s and they said it when up I don’t see any increase in or payment.
@Willow Yes they are spending lots on advertising. Especially on the CBC, it’s another way to give the CBC more tax money. Anyway, if they have to tell us how good they are doing then maybe they aren’t doing that good and are saying “Don’t believe what you see in the stores or how much you are paying out monthly now. Just believe what the government tells you.” Smoke and mirrors, all smoke and mirrors from Carney.
I don’t think this federal government realize, there are many of us working over the age of 70, but all info drops off at 70. In the market crash of 2008, a lot of pensions were affected. CPP needs to learn how to manage the Post Retirement Benefits for people working over 70 and quit bouncing us around. I mean, THEY do the calculations, have ALL personal info…so, what’s the issue? Why the PRB messes?
Why is this Liberal government spending money on advertising on the tv to tell Canadians what a good job they are doing when it should be obvious to Canadians their government is working for them after all that is what they are getting paid for
Why does this government need to advertise the fact they are paying out pensions that Canadians have paid into all their working lives it’s not a benefit. It comes at the same time every month 3 working days before the end of the money it’s not news.
“Runaway food prices are driving Canadians to skip meals and abandon healthy eating, according to internal Agriculture Canada research, as Ottawa’s own data show the average household can no longer afford to follow Canada’s Food Guide.
An internal report, Survey On Consumer Perceptions Of Food: Wave VII, found 71 per cent of Canadians changed their food purchasing habits over the past year because of rising prices” Blacklock’s Reporter
Once again, CPP people cut my CPP with no warning, no information. I’m 71 and still working because my employer lost 48% of my pension in 2008. I’m trying to get enough of a nest egg, but now, they cut my CPP in half. Like…they do the calculations, they do the payments, and still, they target the most vulnerable. CPP should be set, and firm. Stop the nonsensical Post Retirement silliness. If you can’t keep it straight, get out of it. I am so angry, but I want to just walk into the sea today and done.
@Paul Henrick. I agree 6 figure income retirees should have their subsidies reduced slightly for those who are well less off. My grandparents are well off but I can’t imagine them living below the poverty line with health issues like you are.
Funny how my CPP went up $13 but my OAS went down by $70 – robbing Peter to pay Paul?
Notice how the government subsidized media is now ordered by the Federal Government to have news articles every month proclaiming when every child benefit payment. Every pension payment, every GST subsidy is given to the public. I guess the government wants to keep reminding us that we rely on the government to survive in Canada.
As a under funded retiree appreciate your commitment. Living below the poverty line is super difficult because of the added expense that sometimes comes with health issues. 6 figure income retirees shouldn’t or wouldn’t be bothered financially if there subsidies were reduced slightly and dispersed into the less well off.
Mine was almost. 170 less.
Any wealthy union scumbag is making more than 50,000 should not be rewarded Oas, and cut back on CPP benefits
How about report on some real news, like the contents of Fauci’s diary that was just released. Everything he said was a lie.
Biggest Headline in the news across the world “Fauci Diaries”
Crickets from so called “news”
@Captain obvious. Respectfully, I said I believe it should not be non taxable. This means taxable. I humbly and respectfully suggest a reading course would be in order.
This is not news… and it is wrong. We already got it today – Tuesday.
At least print facts.
What the world needs, Ben…is people bigger than you, and I have no doubt they exist and are getting oh so very tired of hearing the drone of your weak perception.
@Ben Dear Ben, OAS is available to the overwhelming majority of Canadians that are not “Canadians of Convenience” and other cannon fodder.
GIS, is available to Canadians whose income/CPP/OAS payments fall under a certain threshhold.
CPP, is the only benefit that requires you to have worked in Canada and paid taxes.
GIS payments/income, is not taxable. OAS and CPP income is taxable at the respective nominal tax rate. The income is claimed only at year end meaning there are no upfront withholding taxes like there are with certain incomes.
This means, if total taxable OAS and CPP comes in at less than the current minimum, no tax is owed.
If you are someone that maximized your CPP limits and held RRSP savings that turn into RIF income as of a certsin age, there is no withholding tax on minimum payments from the RIF/LIF.
There are clawbacks, there is ineligibility over certain incomes.
The idea that you think someone earning hundreds of thousands of dollars in retirement should not have to pay taxes on CPP etc. is profoundly similar to something Donald Trump would champion if he were a Canadian.
@40 year taxpayer. Respectfully, As a cohort, seniors are relatively well off. For those who aren’t, GIS is available. So I don’t believe CPP, OAS, and GIS should be non taxable. That would be highly unfair to other taxpayers.
Why are you publishing Government benefits that come on monthly to quarterly intervals?
Does it have anything to do with your accepting funding from Government when you are supposed to be reporting on it?
Maybe? Just a lil’ bit?
If I see an article like this again you will likely regret it.
Like they do every month, is there trouble brewing with OUR money?
This isnt news.
Is this free government propaganda or did you agree to it as part of the subsidies they pay to ensure they control the narrative?
And neither should be taxable income either. Lower income seniors need all the help they can get these days and taxing their basic earned (through years of paying taxes) is just kicking them to the curb even more. Tax any income from converted RRSP’s for sure, as they benefited from the tax relief when they got them, but leave the basics alone.
Another piece of lazy journalism Captin obvious could have found a better article.
I’m a complete idiot that always states the obvious, I’m so smart and everyone else is dumb.
That’s why I vote Liberal all the smart people do just read their comments !!
The liberal party created the CPP and forced the conservatives to create OAS. OAS was then made much more generous thanks to the Liberals. All the rich conservative MP’s whine about about is the taxes they have to pay to help those less advantaged.
OH GEE, thanks for that, would have never known, only been collecting for 18 years.