The federal government has announced that maximum payments under the Old Age Security (OAS) program will increase for the October to December 2022 benefit period.
For that period, and owing to changes in the Consumer Price Index, the maximum OAS benefit for recipients aged 65 to 74 will increase to $685.50. At the same time, the maximum benefit payable to OAS recipients aged 75 and older will increase to $754.05.
More information on the changes to OAS and related benefits for the October to December 2022 benefit period can be found on the federal government website at https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html.
If you would like to know about which benefits you may be applicable for, please feel free to call us at (905) 305-9722 or email us at info@eigenmachtcrackower.com and we will help you out!
