Old Age Security Payments: Canadian pensioners to receive higher payout in April - Check Date, Eligibility, and Maximum Amount by age bracket

Canada’s Old Age Security (OAS) payments are set to increase in April, offering a financial boost to eligible pensioners amid rising living costs. The updated payouts will vary depending on age brackets, with higher amounts available for seniors aged 75 and above. Eligibility is based on factors such as age, residency, and years lived in Canada after turning 18. OAS is a government-funded pension program managed by Service Canada, providing monthly payments to eligible Canadian citizens and residents who meet the required age criteria.

You can receive your Old Age Security (OAS) payments from Service Canada either by cheque or direct deposit. With direct deposit, funds are automatically credited to your bank account, including accounts in Canada, the United States, or other participating countries. If you do not opt for direct deposit, your payment will be issued by cheque and mailed to you within the final three business days of each month.

WHEN WILL OAS BE PAID IN APRIL?

The next Old Age Security (OAS) payment will be issued on Tuesday, April 28, 2026, for eligible Canadian seniors nationwide.

WHO'S ELIGIBILE FOR OAS PAYMENTS?

To qualify for the Old Age Security (OAS) pension, you must be at least 65 years old. You may qualify for OAS even if you have never worked or are still employed, as your job status does not impact eligibility.

If you live in Canada, you need to be a Canadian citizen or legal resident when your application is approved, and you must have lived in Canada for at least 10 years after turning 18.

If you live outside Canada, you must have been a Canadian citizen or legal resident before leaving the country and have resided in Canada for at least 20 years after the age of 18.

WHAT'S THE MAXIMUM OAS AMOUNT AS PER AGE BRACKET?

The amount you receive from Old Age Security (OAS) is determined by factors such as your age, income level, and how long you have lived in Canada. To reflect rising living costs, OAS payments have been increased for the April to June period this year.

For the April 2026 payment, as reported by Narcity, the maximum monthly benefit is set at $743.05 for individuals aged 65 to 74, while those aged 75 and older can receive up to $817.36.