OAS Payment Dates in 2024: Old Age Security (OAS) is a significant part of the retirement income system in Canada, providing financial assistance to individuals aged 65 and older. The OAS 2024 deposits are paid on monthly basis to help people financially during their old age. OAS is a taxable monthly payment that citizens receive when they turn 65. Though there are numerous welfare schemes for the Canadian people under the CRA, similarly, for 2024 the Canadian Government will administer payments under the OAS.
Since the universal OAS payment is still a low-level income, but these payments will help people manage their monthly expenses including medicine bills, food & groceries, shelter, and other household necessities. To help you stay organized and make sure you receive your benefits on time, here we have shared a detailed guide to the OAS Payment Dates for 2024.
What is OAS?
The full form of OAS stands for Old Age Security (OAS). It is a monthly pension scheme in Canada that people receive at the age of 65. Unlike other pension plans, you do not need to have worked or paid into the OAS program to qualify. However, the amount you receive is determined by how long you have lived in Canada after turning 18.
Old Age Security July 2024 For Seniors
| Organizations | Government of Canada |
| Authority | CRA |
| Department | Finance |
| Program Name | Old Age Security Program 2024 |
| Eligibility | 65 and Above, Retired |
| Dates of Distribution | July 2024 |
| Official Website | www.canada.ca |
How Much is OAS Payment in Canada?
The OAS payment in Canada goes through quarterly adjustments in January, April, July & October. The OAS payment amount and eligibility vary by individuals. The maximum monthly OAS payment is set at $687 for individual aged between 65 and 74 whereas seniors aged 75 or above will receive a maximum monthly OAS payment of $756.
OAS Payment Dates 2024
The OAS payments are made on the third to last business day of each month. Here are the OAS payment scheduled dates for 2024.
| Monthly OAS Payments | OAS Payment Dates For 2024 |
| January | 29th January 2024 |
| February | 27th February 2024 |
| March | 27th March 2024 |
| April | 26th April 2024 |
| May | 29th May 2024 |
| June | 26th June 2024 |
| July | 29th July 2024 |
| August | 28th August 2024 |
| September | 26th September 2024 |
| October | 29th October 2024 |
| November | 27th November 2024 |
| December | 27th December 2024. |
OAS Eligibility Criteria
To be eligible for Old Age Security Program 2024, you must be at least 65 years old. The OAS pension is designed to help the people of Canada by paying them a pension when they turn 65. Therefore, to be eligible for the OAS Pension Scheme, you must fulfill the following eligibility criteria.
- You must be a legal resident of Canada when application is approved.
- You must be at least 65 years old when you apply.
- You must have lived in Canada for more than ten years after turning 18 years old.
How To Claim Old Age Security July 2024?
To claim your OAS payment for 2024, you need to follow the steps below:
- Step 1: Visit the official website of CRA @canada.ca.
- Step 2: Locate the OAS application form.
- Step 3: Fill out the OAS application form.
- Step 4: Attach all the required documents with the application form.
- Step 5: Wait for the verification of your OAS application and documents.
How to Apply For the OAS Pension Online?
In order to apply for OAS Pension 2024, you need to follow the steps below:
- To apply online, first visit the official website of My Service Canada Account (MSCA).
- Now click on apply online, log in to your MSCA account, and fill out the application.
- Submit the application form through the MSCA portal.
- Apply for OAS pension at least six months before of your 65th birthday.
- Once your application is processed, you will receive a confirmation letter from My Service Canada.
How to Apply For the OAS Pension Offline?
To apply for OAS pension offline you need to follow these steps below:
- Visit the official website of My Service Canada Account (MSCA) and download the application form (ISP-3000).
- Now fill out the OAS application form with your details and attach all the required documents with it.
- Finally, send the filled OAS application form to the address provided on the form.
Required Document For OAS
- Proof of age (e.g., birth certificate, passport).
- Social Insurance Number (SIN).
- Proof of legal status in Canada (e.g., citizenship certificate, permanent resident card).
- Banking information for direct deposit.
Conclusion
Applying for an OAS pension is a straightforward process. However, careful attention is required to ensure that all the information is provided correctly. By following these steps and applying early, you can receive your OAS payments without delay. For any queries, visit the official website of Service Canada or comment down below.
| Official Website | fukashere.edu.ng |
Home page click on www.canada.ca
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