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OAS benefit amounts will increase by 1% for the April to June 2022 quarter. This increase is based on the general Consumer Price Index (CPI).
Maximum OAS amount for this quarter: $648.67
Maximum GIS amount for this quarter:
- Single, widowed, or divorced pensioner: $968.86
- You and your spouse both receive full OAS / your spouse receives Allowance payment: $583.20
- Your spouse does not receive OAS or Allowance payment: $968.86
Maximum Allowance amount for this quarter: $1,231.87
Maximum Allowance for Survivor amount for this quarter: $1,486.47
Past increase
1.1% for the January to March 2022 quarter.
Note: The CPI is a measure of the rate of price change for goods and services bought by Canadian consumers. The increase or decrease in the CPI is measured by the percentage change between the average of the most recent 3-month CPI period and that of the last 3-month CPI period.
Additional Information
Seniors aged 75 and over will see an automatic 10% increase in their Old Age Security pension, as of July 2022.
source: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html
Stephen Kapsha
February 18, 2022 3:16 pmWho should a senior lobby for more realistic income for OAS or CPP? The CPI misses a large number of cost increases and what most seniors receive is below poverty line. A living wage needs to established, residential taxes increased over 6% in last two years, carbon taxes are robbery, power bills in Alberta increase over 30% in first two months of 2022. As you know 1.1% increase of $700.00 is not helping.
PensionExpert
February 18, 2022 8:49 pmHello Stephen,
I’m sorry that I do not have the perfect answer for your but most generally, it is to start pressuring your own MP, then get petition signed and reach out to the Minister’s office that is responsible for the pension program. Public pressure is power, you may want to bring the issue to the media as well. Turn the topic into an election issue will surely get political party’s attention!
John T
PensionCanada.ca Team
James Richardson
March 25, 2022 12:26 pmHello, I live in the USA and receive both CPI and OAS on a prorated basis. I believe due to current hyper inflation that CPP should adjust COLA quarterly not just annually. I also believe that CPI does not consider the price increases that most Canadians are experiencing. Is it time for an overhaul of how CPI is calculated? I mean, we have been in a non inflationary cycle for the last 40 years. Times have changed.
PensionExpert
March 26, 2022 11:44 amHello James,
I totally understand your perspective. I would suggest you write your concern directly to you the Minister’s office since you don’t live in Canada right now.
Aaron
PensionCanada.ca Team
ROBERT EDWARD LEVAC
March 30, 2022 4:00 pmwould like to know what would be the percentage of of increase for old age in april 2022
PensionExpert
March 30, 2022 4:09 pmHello Robert,
Unfortunately, this information is not available yet. But most likely will only be increased by 1.1% as expected.
Melyssa
PensionCanada.ca Team
cathy smith
October 15, 2022 6:35 pmis the OAS eligibility change in age, still in effect to move forward in April 2023? I was born in Sept 1959, and according to charts I have seen, i would not be eligible to collect my OAS until 9 months after i turn 65. Could you clarify. Thanks.
PensionExpert
October 17, 2022 1:02 pmHello Cathy,
Not much info has been released regarding this topic. As current moment, people still qualifies for their OAS right after they turned 65 years old. You can call pension call centre to find out the details specifically to your situation.
John T
PensionCanada.ca Team