What is Old Age Security (OAS) and what can you expect from it?

The OAS program is part of the Canadian Government’s largest pension plan and it is funded from general tax revenues, such as income tax and GST. We do not pay directly via employer and employee contributions like we do with CPP.

As of the 2nd quarter of 2020 the maximum monthly OAS payment is $615.53; payments are adjusted quarterly based on inflation.

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