Old Age Security
The Old Age Security (OAS) program provides a modest pension at age 65 for people who have lived in Canada for at least 10 years after the age of 18. Low-income seniors may be eligible for other benefits as early as age 60.
Benefits include the:
- Old Age Security pension – for people who are at least 65 years of age;
- Guaranteed Income Supplement (GIS) – for low-income seniors receiving the OAS pension;
- Allowance – for low-income Canadians between the ages of 60 and 64, who are the spouse or common-law partner of a GIS recipient; and
- Allowance for the survivor – for low-income Canadians between the ages of 60 and 64 who are a widow or widower.
Amendments to the OAS Program
The Government of Canada, in Budget 2012, introduced measures to ensure that the OAS program remains on a sustainable path.
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