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$750 OAS Payments for Seniors in October 2024 : OAS Payment Date October 2024 , Eligibility & Fact Check

$750 OAS Payments for Seniors in October 2024 : OAS Payment Date October 2024 , Eligibility & Fact Check

The CRA is responsible for providing monthly aid to the eligible citizens of the country under the retirement, disability, and old age pension. The foremost purpose behind these pensions is to make sure that no citizens will have to suffer from financial hardships due to inflation and the rising cost of living. The majority of old-age citizens do not have stable income; thus, they rely on the government to provide them a financial support. The CRA quarterly adjusts the OAS and CPP payments in January, April, July, and October. The payment amount may differ based on the age of citizens and how long they have lived in Canada after turning 18. In addition to OAS payments, citizens are also eligible to claim Guaranteed Income Supplement (GIS), Allowance, and Allowance for Survivors.

Several rumors are circulating on the different web portals regarding the $750 OAS payments coming for seniors in August 2024. As of August 2022, the OAS payments for seniors aged 75 and above have increased by 10%. The payment amount may vary for the citizens who are 75 and above and for those who are under 75. However, neither the Canadian government nor the CRA has confirmed the news regarding such payment. Thus, it is advised that the citizens stay updated with the latest news based on the credible source. The seniors can check their eligibility criteria to claim the payment monthly. The payment will be directly deposited to the respective bank accounts of the recipients.

$750 OAS Payments for Seniors 

Post Title $750 OAS Payments for Seniors 
Country Canada
Department Canada Revenue Agency
Category Government aid
Applicable for Old age citizens
Payment amount $750
Year 2024
Official website canada.ca

Old Age Security Payment Amounts for Seniors

The OAS payments are increased quarterly in January, April, July, and October as per the cost of living rise measured by the consumer price index. The OAS payment will increase if there is an increment in the cost of living in the country to compensate for the rising expenses for seniors. However, if there is no rise seen in the living expenses then the OAS payments will neither rise nor decline. You can check the maximum payment amount you are entitled to claim mentioned in the table below:

Category Annual net income in 2022 Maximum payment
Age 65 to 74 (OAS) $134,626 Up to $713.34
Age 75 and over (OAS) $137,331 Up to $784.67
GIS for single, widowed, or divorced Less than $21,624 Up to $1,065.47
Spouse/partner receiving OAS pension (GIS) Less than $28,560 Up to $641.35
Spouse/partner receiving allowance (GIS) Less than $39,984 Up to $641.35
Spouse/partner does not receive OAS or allowance (GIS) Less than $51,840 Up to $1,065.47
Spouse/partner receiving OAS and GIS (allowance) Less than $39,934 (couple’s combined income) Up to $1,354.69
Surviving spouse (allowance for survivors) Less than $29,112 Up to $1,614.89

Eligibility Criteria for $750 OAS Payments for Seniors

Though the payment has not been confirmed yet by the CRA you must be aware of the eligible requirements if the payment is implemented. I have provided the eligibility criteria in the points listed below:

  • A person must be a Canadian citizen and a permanent resident of the country.
  • A person must be 65 years old as above.
  • A person must have stayed in the country for at least 10 years after turning 18 years old.
  • A person must have filed their tax returns.
  • Immigrants have specific eligibility criteria.

$750 OAS Payments for Seniors Deposit Dates

The OAS and CPP payments are provided by the CRA monthly. Usually, the payment arrives in the last week of the month except for December. I have provided the complete annual schedule of the OAS payments for the following months in the table mentioned below:

Month Payment dates
July July 29, 2024
August August 28, 2024
September September 25, 2024
October October 29, 2024
November November 27, 2024
December December 20, 2024

$750 OAS Payments for Seniors in August Fact Check

The Canadian government and the CRA have not confirmed the $750 OAS payments for seniors as of now and the news surfacing on different websites is mere rumors. You are advised not to believe any such rumors and stay updated with credible sources. For more information, you are allowed to visit the official website of the Canada Revenue Agency and can also visit the nearby

$3,100 OAS Extra Pension Payment 2024 Eligibility & Payment Dates

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