The OAS pension is a monthly payment available to eligible Canadians that are 65 or older. To qualify, you must be 65+, either a legal resident or citizen of Canada at the time of approval and have lived in Canada for at least 10 years since the age of 18. For those living outside of Canada, they must have been a citizen or legal resident by the day before they moved, and must have lived in Canada for at least 20 years since turning 18.
Start Collecting at 65:
Age | Maximum Monthly Amount | Maximum Yearly Amount |
---|---|---|
65 to 74 | $685.50 | $8226.00 |
75 and over | $754.05 | $9048.60 |
If you delay until 70:
Age | Maximum Monthly Amount | Maximum Yearly Amount |
---|---|---|
70 to 74 | $891.15 | $10,693.80 |
75 and over | ? | ? |
You will qualify for a full OAS:
Reference | URL |
---|---|
Old Age Security | https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html |
The maximum OAS a couple can get is $19,600. Here's how to collect all of it. | https://financialpost.com/personal-finance/retirement/the-oas-maximum-a-couple-can-get-is-19600-heres-how-to-collect-all-of-it?utm_source=mountainviewtoday.ca&utm_campaign=mountainviewtoday.ca%3A%20outbound&utm_medium=referral |