Of all the benefits for seniors in Quebec, the one you hear most often is the Old Age Security (OAS) pension. Here are the details of the Old Age Security (OAS) pension.
Many of you want to understand the process and know the amounts to which you are entitled. Here is everything you need to know about OAS as well as the 2022 payment schedule for this benefit.
What is the Canadian Old Age Security Pension ?
In fact, it is the Seniors Benefit program that is paid monthly as soon as you turn 65. In 2022, the maximum amount that can be paid is $ 635.26 monthly. Remember that these payments are calculated as taxable income. Note that in certain situations, Service Canada may automatically register you as a provider.
Old Age Security and Canada Pension Plan payment dates for 2022 are now available.
Tips and Tricks: Don't forget to sign up for direct deposit in order to facilitate receipt of payments. Usually the receipt of deposits is done within three working days at the end of the month.
This year, good news, the Old Age Security (OAS) benefit will be increased by 10% for anyone aged 75 and over. The start of this increase is scheduled for July 22, 2022 . To obtain this service, you must in most cases request it.
2022 Old Age Security pension payment schedule
Payment and deposit dates
| Canada Pension Plan (CPP) | Old Age Security (OAS) |
|---|---|
| (includes retirement pension, Canada Pension Plan Disability, Child and Survivor benefits) | (includes OAS pension, Guaranteed Income Supplement, Allowance and Allowance for the survivor) |
|
|
Click here to see the payment schedule for year 2023.
Click here to see the payment schedule for year 2021 (past year).
What could be the amount for which you are eligible?
In order to determine the benefits to which you are entitled, an audit is carried out during the months of January, April, July and October according to the cost of living
Information about your payment
Important: Please note that if your income is greater than $ 79,054 (tax year 2020), you will have to reimbursed part or all of your old age security pension benefit. Would you like more information?
See the attached link on Old Age Security Recovery Tax.
Did you know that the Old Age Security pension is offered in two options?
It's true ! There are two ways to get old age security pension.
There is full pension and partial pension.
Concretely, what does this mean?
To obtain the full pension of this benefit, you must entered the following category:
- Lived as a Canadian resident for a minimum period of 40 years from the age of majority (the Canadian majority is set at 18).
If you are not eligible for the full pension, be aware that you may be eligible for the partial pension. To be eligible, you must enter the following criteria:
- Have lived as a Canadian resident for a minimum of 10 years following coming of age.
Good to know:
You may be eligible for other types of benefits such as the Guaranteed Income Supplement , Allowance , and Allowance for the Survivor . See the article What seniors' benefits am I eligible for? for more information on the allowances that exist in Quebec and Canada.
Are you looking for a retirement home for yourself or for a loved one?
Do not hesitate to contact our team of accommodation specialists at 1-844-918-1020 to assist you in your efforts or simply complete the accommodation request form so that we can contact you.
