Canadian seniors will receive their next Old Age Security (OAS) and Canada Pension Plan (CPP) payments on April 28, 2026. The OAS payments will increase by 0.1 percent for the April to June quarter.
Seniors aged 65 to 74 can receive up to 743.05 dollars per month if their 2024 net world income is below 148,451 dollars. Those aged 75 and older can receive up to 817.36 dollars per month under similar income conditions.
The OAS system adjusts quarterly based on changes in the Consumer Price Index. This adjustment mechanism aims to keep pace with inflation and cost of living increases.
The Guaranteed Income Supplement (GIS) also received 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.
OAS payments are 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, meaning higher earners may see reduced benefits.
This year, OAS payments have risen by approximately 2.1 percent over the past year through a series of quarterly adjustments. Payments are reviewed and potentially increased four times a year: January, April, July, and October.
The maximum monthly CPP retirement pension at age 65 stands at 1,507.65 dollars. Yet many seniors rely heavily on OAS and GIS for their financial stability as they age.
Details remain unconfirmed regarding any future adjustments beyond this quarter’s increase. Observers expect continued scrutiny of these programs as the senior population grows in Canada.
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