OAS to increase for third quarter of 2021

The maximum basic OAS benefit payable from July 1 to September 30, 2021 will increase by 1.3%, from $618.45 to $626.49. The Old Age Security benefit administered by the federal government is adjusted quarterly to reflect the rate of inflation.

The announcement of the increase, and more detailed information on the OAS and GIS benefits payable during the third quarter of 2021 is available at https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html.