Old Age Security Benefit Going Up

Posted on by grow@peopleorchard.com
Old Age Security Benefit Going Up
Old Age Security Benefit Going Up
Canadian Old Age Security pension increase

In her first speech since the federal budget, Canadian government Deputy Prime Minister and Finance Minister Chrystia Freeland announced

  • an enhanced Canada Workers Benefit will give low-income workers an additional $2,400 starting this year (a refundable tax credit)
  • Old Age Security (OAS) recipients get a 10% increase; for Canadians over 75, it will provide up to $766 more.
  • low-income renters get a one-time $500 cheque

multiple articles reported June 16 including CBC, The Financial Post, Toronto Star

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