PM Trudeau Approved $4600 New OAS Pension: Check Who is Eligible & Payment Date

$4600 New OAS Pension Payment: Canadian seniors are Expected to get the $4600 payment in the upcoming month for oas pension in the country. The Prime Minister Justin trudea has proposed a bill to increase the payment of old age security beneficiaries for a maximum $4600. So if you are also living in the country and getting the senior citizen benefits such as OAS then can read this article where we will share with you the latest announcement by PM Trudea of $4600 New OAS Pension including the eligibility to receive the increased payment, date of release in the payment, procedure to claim the increased payment etc.

The government is thinking about increasing the amount of money it gives to seniors each month. This is because the cost of living is going up, and seniors are finding it harder to afford the things they need. The proposed increase would give eligible seniors an extra $4600, which would help them keep up with the rising costs. If the plan is approved, seniors could start seeing the extra money in their payments. However, the government hasn’t made a final decision yet, so we’re still waiting to hear if the increase will definitely happen. If it does, it could make a big difference to many seniors who are struggling to make ends meet.

$4600 New OAS Pension Payment 2024

$4600 New OAS Pension Eligibility 2024

If you want to get the oas payment in Canada then you are required to fulfill the following eligibility criteria:

• Only citizens in Canada are eligible to get the old age security payment 
• It is important to live in the country for at least 10 years continuously after getting to the age of 18. 
• The age of the citizen in the country should be more than 65 years old.
• It is required for all the seniors in the country without any investment. So instead of CPP, where you need to invest a monthly contribution in the scheme during employment, OAS will provide the fixed payment to the beneficiaries without getting any contribution and other payment.

Claim the $4600 New OAS Pension Payment 

Senior citizens in the country who have certain eligibility criteria can follow the following procedure to submit application form for starting the OAS payment per month. However you are not required to apply every month for getting the payment but can start the payment by following this procedure:

• Visit to the official website of Canada revenue agency
• Now you are required to login on the dashboard by using your social security number and other person details.
• After that, candidates can see the tax information on the dashboard and have to click on the senior citizen schemes link
• Click on the old age security payment in the dashboard so you will be redirected on the application page where you need to provide your personal details, educational and Employment details, Tax Information etc
• After that attach the relevant documents along with the application form and submit it accordingly

Once you submit the application form, the authority will verify all the details and will inform you through email about starting your payment from the upcoming month. Beneficiaries can follow the same procedure to check the status of their payment and other details of the OAS application form at any time on the official website.

OAS Payment Dates 2024

OAS payments are released by CRA per month where you can check the last week of a month for receiving the OAS payment. You can check the following schedule of OAS payment in canada for beneficiaries for upcoming month:

OAS Scheme in Canada 

Old Age Security (OAS) scheme in Canada is a vital program designed to support seniors in their golden years. With its proposed increase of $4600, the government aims to help seniors keep pace with the rising cost of living, ensuring they can afford basic necessities and maintain their dignity. While the increase is pending approval, it highlights the government’s commitment to addressing the financial challenges faced by seniors. As Canada’s population ages, the OAS scheme will play an increasingly crucial role in providing a safety net for vulnerable seniors, and its evolution will be essential in ensuring their well-being and quality of life.

Fact Check

Rumors of specific checks often arise from misunderstandings of existing government benefits or exaggerated claims made online. It’s important to rely on official sources for accurate information.

There has been no federal announcement in 2024 about deposit payments. Most deposits for government programs will vary based on individual circumstances, including income, work history, and eligibility. To avoid becoming a victim of misinformation, always verify claims through official government websites or consult a financial advisor.

FAQs: $4600 New OAS Pension Payment 2024