Increase in Old Age Security benefits for October to December 2023

The federal government has announced that amounts paid under the Old Age Security (OAS) program will increase for the fourth quarter (October to December) of 2023. The increases are based on changes to the Consumer Price Index.

During the fourth quarter, the maximum monthly OAS payment for recipients under the age of 75 will be $707.68, while the maximum monthly payment to those age 75 and older is set at $778.45.

Details of these and other benefits during the fourth quarter of 2023 can be found on the federal government website at https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html.