$2254 OAS Payment 2024: Canada revenue agency is releasing $2254 payment for OAS beneficiaries in country in October 2024. Eligible pensioners who are getting regular payments from the CRA are waiting for their upcoming OAS payment which is scheduled on 29th October 2024.
So if you are also waiting for your payment then can check this article where we will share with you and the latest update by CRA regarding $2254 OAS payment in October 2024 including the eligibility criteria, Application procedure to claim the payment, Upcoming dates for getting the $2254 OAS Payment 2024 etc. It will help you to receive the 100% benefit of OAS.
$2254 OAS Payment October 2024
Old age security payment is the Federal Government sponsored program in country where seniors who have crossed the age of 65 can get monthly payment from Canada revenue agency which can be used for their personal welfare and expenses such as paying the rent, purchasing medicines, arrange doctor visits etc.
There are many new circulating on social media about increased OAS payment in October 2024 where most of the seniors are looking to check the fact and reality of OAS $2254 payment October 2024. All the latest updates are released by Canada revenue agency and after that beneficiaries can avail benefit of it. But currently there is no updates available regarding $2254 oas payment in October.
How much seniors get OAS Payment?
As the old age security payment is prepared for seniors in the country where all the seniors without any discrimination or prior investment can apply to claim the monthly benefit. However the monthly payment is divided into two categories including payment for the age group of 65 to 74 and the payment for seniors more than the age of 75. So if any individual in the country between the age of 65 to 74 earning less than the $148,451 Annually will get the maximum $727.67. However seniors more than the age of 75 will get 10% extra payment which is approximate $800.44 . Apart from this the government has also increased income criteria for Ultra seniors from $148,451 to $154,196.
OAS October Extra payment 2024
If you are eligible to get the monthly payment of OAS then can check the status of your payment on the official website of Canada revenue agency accordingly. We have already discussed the regular payments of OAS in the above paragraph. Apart from this payment, if you are eligible or earning less than the income criteria then you can also get additional payment accordingly.
Canada revenue agency is offering Guarantee supplementary income- GIS and Allowance for the survivors along with the regular payments of OAS. Where individuals can get approximately $1000 or more with the regular payment and avail extra benefits of the program.
Eligibility for the $2254 OAS Payment
- Only citizens of Canada who are living in the country for at least 10 years are eligible for getting OAS payment.
- The age of the applicant should be more than 65 years old to get the payment. However beneficiaries will get opportunity to delay their payment for maximum 5 years where they can start the pension after the 70 so the payment of OAS will also increase accordingly.
- Seniors who have crossed the age of 75 will get 10% extra payment in regular benefits
- All the seniors are eligible to get the payment without any earlier investment to secure the future such as CPP. So in case you miss to invest in CPP then can opt for OAS.
- The income criteria to get the payment is Less than $148,451. How much you earn the extra payment, your benefits will automatically reduced by the authority.
Date of releasing the payment
Usually Canada revenue agency release the monthly benefits of OAS at the end of the month. However the October payment of OAS is scheduled on 29th October 2024. Apart from OAS, CPP beneficiaries can also get their payment on the same day. After that you should mark the 27th November in your calendar for getting the next month payment.
Fact check of $2254 OAS
Canada revenue agency has not informed to provide fixed payment of $2254 to all the beneficiaries of OAS in October 2024. So the news circulating on social media about providing $2254 to each citizen is not true. But if you are eligible to get GIS and allowance for survivor then you can receive up to $2000 or more according to your eligibility.
