Updated on February 23, 2024
Canada’s significant retirement initiative, Old Age Security (OAS), extends eligibility for OAS payments to individuals turning 65 in 2023, subject to specific residency criteria. Beyond OAS, Canadians rely on personal savings, employer pensions, and additional income sources. The Old Age Security Pension (OAS) is the most widely recognized among the various senior benefits available in Quebec and across Canada, with millions relying on it for financial support in retirement.
Established to provide seniors with a fundamental income, the OAS program remains a crucial component of retirement planning. Explore the anticipated changes to OAS in 2024, including key payment dates. This overview also delves into essential details about the Old Age Security Pension, offering insights into the expected modifications in OAS for the coming year.