Old Age Security
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| Tax Deferred and Tax Free Savings Plans |
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| Government Retirement Benefits |
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Introduction
The OAS pension is available to most Canadians starting at the age of 65. OAS provides additional benefits to eligible low-income seniors:
- Guaranteed Income Supplement (GIS) – for OAS pensioners
- Allowance[1] – for 60 to 64 year-old spouses or common-law partners of pensioners who receive GIS
- Allowance for the survivor[2] – for 60 to 64 year-old widowed spouses or common-law partners
Old Age Security (OAS) Payment Rates[3]
Old Age Security benefit rates are reviewed in January, April, July and October to reflect increases in the cost of living as measured by the Consumer Price Index[4].
References
- ↑ Service Canada, Allowance, Viewed July 16, 2009
- ↑ Service Canada, Allowance for the survivor, Viewed July 16, 2009
- ↑ Service Canada, Old Age Security (OAS) Payment Rates, Viewed July 16, 2009
- ↑ Service Canada, Canada Pension Plan Rates and the Consumer Price Index, Viewed July 16, 2009
