See the highlights of the Old Age Security (OAS) index adjustment announcements made by the Federal Government. Learn about the ONE-TIME Payment for "older" seniors and an extra 10% for seniors over 75.
For Federal Government announcement, please see this link: https://www.canada.ca/en/employment-s...
Of course, the objective of the OAS program has to do with ensuring a minimum income for seniors and to help reduce the incidence of low income among Canada's seniors.
OAS pension includes the Guaranteed Income Supplement (GIS) for low-income seniors; and the Allowances for low-income Canadians aged 60-64 who are the spouses or common-law partners of GIS recipients, or who are widowed or widowers.
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