$1682 OAS Approved by Trudeau in September 2024: Check Eligibility & Payment Date – Don’t Miss Out on This Big Boost

Old Age Security (OAS) payments are an important source of financial support for elderly citizens in Canada, helping to reduce the financial hardship that many endure during retirement.

Recently, there has been a lot of talk about a projected rise in OAS payouts to $1682, which Prime Minister Justin Trudeau apparently approved for 2024. If approved, this increase would provide eligible recipients with additional monthly help, thereby improving their financial security.

Canada OAS Eligibility 2024

Canada OAS Eligibility 2024 can be assessed based on a citizen’s age, income, length of residency, and number of years living in Canada. Based on these variables, we shall see the Qualification requirements below:

• The age at which one is eligible for an OAS increase of $1682 is 65 years old.
• Residency in Canada is required in order to receive the $1682 raise.
• To be able to live in Canada after turning eighteen, ten years must pass.
• The senior adult must have lived in Canada for at least 20 years after turning 18 in order to qualify for this Canada OAS Increase in 2024 if they depart the country.
• The following are the annual income thresholds according to senior citizen and super senior citizen age: Canadian Citizen’s Age and Annual Income Cap 65 to 74 years old is $142,609 & More than 75 Years Old <$148,179

Canada OAS Payment Benefits

The regular OAS benefits for 2024, before any increases, are calculated based on the recipient’s age and income. For your information, the current OAS payout amounts are:

Canada OAS Payment Dates 2024

It is possible that the payment date for this specific program will coincide with regular dates. Thus, the table below offers you a comfortable place to learn more about this:

• January, 29
• February, 27
• March, 26
• April, 26
• May, 29
• June, 26
• July, 29
• August, 28
• September, 25
• October, 29
• November, 27
• December, 20