Skip to Content Subscribe Our Offers My Account Manage My Subscriptions FAQ Newsletters Canada Canadian True Crime Canadian Politics Health World Israel & Middle East Financial Post NP Comment Longreads Puzzmo Diversions Comics NP News Quiz New York Times Crossword Horoscopes Life Eating & Drinking Style Sponsored Play for Ontario Travel Travel Canada Travel USA Travel International Cruises Travel Essentials Culture Books Celebrity Movies Music Theatre Television Business Essentials Advice Lives Told Tails Told Shopping Buy Canadian Home Living Outdoor Living Kitchen & Dining Tech Style & Beauty Personal Care Entertainment & Hobbies Gift Guide Travel Guide Amazon Prime Day Deals Savings National Post Store More Sports Hockey Baseball Basketball Football Soccer Golf Tennis Driving Vehicle Research Reviews News Gear Guide Obituaries Place an Obituary Place an In Memoriam Classifieds Place an Ad Celebrations Working Business Ads Archives Healthing Epaper Manage Print Subscription Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ Newsletters Canada World Financial Post NP Comment Longreads Puzzmo Diversions Life Shopping Epaper Manage Print Subscription HomeNewsCanadaOld Age Security payments getting a boost — maximum from $743 to $752, and $817 to $827 this weekService Canada adjusted the benefit by 1.2 for July to September 2026, the largest single-quarter increase since October 2024 You can save this article by registering for free here. Or sign-in if you have an account.Millions of senior Canadians will receive slightly more via their Old Age Security pension this month thanks to a benefit increase.Eligible Canadians receiving Old Age Security (OAS) payments will see a slight increase when the latest deposit lands in their account on Wednesday or when the cheque arrives in the mail, for those not signed up for direct deposit.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorCanadian Pension Plan payments are going out simultaneously to eligible recipients, but there’ll be no increase as that benefit is adjusted for inflation annually in January.Here’s what to know about the forthcoming OAS bump.Get a dash of perspective along with the trending news of the day in a very readable format.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of NP Posted will soon be in your inbox.We encountered an issue signing you up. Please try againThe benefit, reassessed quarterly based on the “cost of living increases as measured by the Consumer Price Index”, is up 1.2 per cent for the July to September period, according to Service Canada, driving up the maximum amount for recipients.The latest adjustment brings OAS growth to 2.3 per cent since July 2025, the agency said. In fact, it’s the largest jump since a 1.3 per cent climb in October 2024.Canada’s CPI inflation rate was up 2.8 per cent over the 12 months to June 2026, down from 3.2 per cent in May, according to Statistics Canada. The next data is expected on Aug. 17.For recipients, the amount you receive is based on age, net income, and residence in Canada.The maximum payment amounts for people aged 65 to 74 increase from $743.05 to $751.97, provided your annual net income is less than $152,062.Those 75 and older with net incomes under $157,923 will go from $817.36 to $827.17.The agency offers an OAS benefit estimator online, but exact amounts can differ on deposit based on the final assessment.Should life in Canada become less expensive, legislation ensures that the OAS benefit will not decrease.The next OAS payments this quarter are scheduled for Aug. 29 and Sept. 25. Another benefit recalculation will follow in October.Three other benefits under OAS are also increasing with this quarterly CPI measurement — the Guaranteed Income Supplement (GIS) paid to eligible low-income seniors, an allowance paid to low-income adults aged 60-64 whose partners received GIS, and another allowance supplied to low-income survivors of the same age group after a spouse’s or common-law partner’s death, provided they have not remarried or entered a new common-law relationship.Those benefit amounts are recalculated each July based on net income in the previous calendar year and Service Canada noted that “payments can increase, decrease or even stop according to changes” in that figure.A single, widowed or divorced person, as well as will see their maximum GIS payment go from $1,097.75 last July to $1,123.17 monthly, while those with a spouse receiving an allowance or OAS themselves get half that amount.The monthly payment cap for allowance recipients is $1,428.06, up from $1,395.73, while survivors reach $1,702.34 from $1,663.81.Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. 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