If you are seeking information on the OAS Payment Schedule for 2024, including monthly payments of $784.67, we recommend you take a moment to review this post.
OAS Payment Schedule 2024
Federal agencies and the Canadian government collaborate closely to address various aspects of social welfare. One notable initiative is the Old Age Security (OAS) Pension Plan, which aims to provide essential financial assistance to older Canadians.
The OAS Payment is disbursed to individuals over 65 who have contributed to the CPP. As 2024 approaches, beneficiaries are eager to learn about the OAS Payment Schedule for that year. The OAS Payment Date for 2024 is scheduled for January 29, 2024, which is the third last day of the month. For comprehensive details on the OAS Payment Schedule for 2024, refer to this page.
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Understanding OAS Payments
In Canada, the Old Age Security (OAS) pension is a crucial component of retirement income for elderly individuals, alongside two other main sources. Upon reaching age 65, most seniors qualify to receive this monthly pension, which aims to support their financial needs during retirement. It also includes additional benefits like the Guaranteed Income Supplement for low-income pensioners.
The OAS Payment Date for 2024 is January 29, 2024, which occurs on the third final day of the month. For comprehensive information on the OAS Payment Schedule 2024, visit a dedicated website.
Eligibility for OAS extends to Canadian citizens or lawful residents who meet the age requirement and have resided in Canada for at least 20 years since turning 18, even if currently residing abroad.
OAS Payment Schedule Overview 2024
| Post Title | OAS Payment Schedule 2024 |
| Country | Canada |
| Scheme Name | Old Age Security Pension Scheme |
| OAS January payment Date | January 29, 2024 |
| OAS Payment Amount | $784.67 |
| Eligible Age | 65 years and above |
| More Discussion | Find Here |
OAS Payment Dates for Every Month in 2024
OAS payments are scheduled for the third last day of each month. In the event that this date coincides with a holiday, payments for the Canada OAS Payment Date in 2024 will be issued one day earlier.
Beneficiaries can refer to the table below for comprehensive details regarding the Canada OAS Payment Schedule for 2024.
| Month | Canada OAS Payment Schedule 2024 |
| January, 2024 | Jan 29 |
| February, 2024 | Feb 27 |
| March, 2024 | Mar 26 |
| April, 2024 | April 26 |
| May, 2024 | May 29 |
| June, 2024 | June 26 |
| July, 2024 | July 29 |
| August, 2024 | Aug 28 |
| September, 2024 | Sept 25 |
| October, 2024 | Oct 29 |
| November, 2024 | Nov 27 |
| December, 2024 | Dec 20 |
The federal government is transitioning from issuing checks to direct deposit for all benefits and payments. If you currently receive benefits by check and have not yet set up direct deposit, your payments may arrive on or after the specified dates. To arrange direct deposit to a Canadian bank account, you can call 1-800-277-9914 or use your My Service Canada Account online.
OAS Payment Amount 2024
The OAS program in Canada, a cornerstone of retirement income alongside employer pensions and personal savings, supports millions of participants. Its primary aim is to provide elderly citizens with essential financial assistance.
Effective January 1, 2024, the OAS payout will increase from CAD 66,600 to CAD 68,500 annually. In 2024, the maximum monthly OAS benefit is $784.67 for individuals aged 75 and older, and $713.34 for those aged 65 to 74.
To account for inflation and changes in the cost of living, OAS benefits are adjusted quarterly in January, April, July, and October using the Consumer Price Index (CPI).
OAS Payment Application
Individuals sometimes receive an OAS eligibility letter informing them that payments will commence once they turn 65. If you believe you qualify but have not received a letter, you can still apply.
You may get the application online, by calling 1-800-277-9914, or by going to a Service Canada office. Alternatively, if you already have a My Service Canada Account (MSCA), you can apply conveniently online.
If you don’t already have one, you can set up an MSCA account. Upon completing your registration, you will receive a personal access code. Follow the government guide to complete your application. Once filled out, mail the application to Service Canada.
Thank you for allowing us to provide you with all the details on the OAS Payment Schedule 2024.