The Economic Times

Canada OAS payment increase: Seniors to get more money from October 28 as 2026 benefit rises 1.4% new monthly amounts, GIS, payment dates and tax rules explained

Canada's Old Age Security (OAS) payments are set to increase by 1.4% for the October to December 2026 quarter, giving millions of seniors a higher monthly benefit. The new rate will apply from the October 28 payment. Heres what seniors need to know about the estimated new OAS and GIS amounts, upcoming payment dates, the OAS recovery tax or clawback, eligibility rules and how the increase could affect their mo