Old Age Security Payments Rise This Week, With Maximum Benefits Increasing to $752 and $827
Eligible Canadians receiving Old Age Security payments will see a modest increase in their latest payment. The updated amount will be deposited on Wednesday for direct-deposit recipients, while others will receive a cheque by mail.
Canada Pension Plan payments are also being issued at the same time. However, CPP amounts will not increase because they are adjusted for inflation once annually in January.
How Much Is OAS Increasing?
Old Age Security payments have increased by 1.2 per cent for the July-to-September quarter, according to Service Canada.
OAS amounts are reviewed every three months using cost-of-living changes measured by the Consumer Price Index. The latest adjustment represents the largest quarterly increase since the 1.3 per cent rise recorded in October 2024.
Service Canada said OAS payments have increased by a total of 2.3 per cent since July 2025.
Canada’s annual inflation rate reached 2.8 per cent in June 2026, compared with a 3.2 per cent reading in May. Statistics Canada is expected to release its next inflation update on August 17.
Updated Maximum OAS Payment Amounts
The amount each recipient receives depends on factors including age, annual net income and how long they have lived in Canada.
OAS Payments for People Aged 65 to 74
The maximum monthly payment has increased from $743.05 to $751.97.
This maximum is available to eligible recipients whose annual net income is below $152,062.
OAS Payments for People Aged 75 and Older
Recipients aged 75 or above can now receive a maximum monthly payment of $827.17, up from $817.36.
To qualify for the maximum amount, annual net income must be below $157,923.
Service Canada provides an online OAS benefits estimator, although the actual amount deposited may differ after the recipient’s final assessment.
Can OAS Payments Decrease?
OAS payments are protected from reductions when the cost of living falls. Federal legislation ensures that benefit amounts will either increase or remain unchanged following a quarterly review.
The remaining OAS payment dates for the current quarter are August 29 and September 25. The next quarterly adjustment will take place in October.
Other Benefits Increasing With OAS
Three additional benefits under the OAS program are also increasing because of the latest Consumer Price Index adjustment.
These include:
- The Guaranteed Income Supplement for eligible low-income seniors
- The Allowance for low-income adults aged 60 to 64 whose spouse or partner receives OAS and GIS
- The Allowance for the Survivor for eligible adults aged 60 to 64 whose spouse or common-law partner has died
Survivors must not have remarried or entered another common-law relationship to remain eligible.
These benefits are also reassessed every July using the recipient’s net income from the previous calendar year. Service Canada notes that payments may rise, fall or stop entirely when income changes.
New GIS and Allowance Payment Amounts
The maximum monthly Guaranteed Income Supplement payment for a single, widowed or divorced recipient has increased from $1,097.75 last July to $1,123.17.
Recipients whose spouse receives OAS or the Allowance may receive up to half of that amount.
The maximum monthly Allowance payment has risen from $1,395.73 to $1,428.06.
The Allowance for the Survivor has increased from $1,663.81 to a maximum of $1,702.34 per month.
The latest quarterly adjustment provides a small financial boost to eligible OAS recipients and people receiving related income-tested benefits. Actual payments will continue to depend on age, income, residency and individual eligibility assessments.
