Yes, seniors aged 75 and older in Canada receive a permanent 10% increase in their Old Age Security (OAS) pension, implemented in July 2022. This, along with quarterly inflation adjustments, means that for 2026, those over 75 will receive a higher maximum monthly payment, expected to reach up to $ 820 $ 8 2 0 in January.
Increased OAS pension at age 75
You will get an automatic 10% increase of your OAS pension the month following your 75th birthday. This 10% increase will not affect your Guaranteed Income Supplement (GIS) payment amount.
Based on changes in the Consumer Price Index (CPI), OAS benefits increased by 0.3% for the January to March 2026 quarter, for an increase of 2.0% over the past year, from January 2025 to January 2026.
All eligible seniors aged 65 to 74 will see their OAS payments increase in January 2026. The adjustment applies automatically, provided eligibility requirements are met. For this group, the increase helps offset rising everyday expenses such as groceries, utilities, and transportation.
The $1,200 payment is a one-time direct deposit issued by the Canada Revenue Agency for seniors classified as low income based on their most recent tax return. The payment is not a loan, does not need to be repaid and does not replace existing monthly benefits.
Not only will the government be issuing a one-time cash payment of $500 to be paid in August 2021, this year's Federal Budget also includes the highest quarterly adjustment to existing OAS payments since July 2014.
Canadian seniors are set to benefit from a landmark expansion of federal support programs in 2026, with eligible individuals potentially receiving up to $3,200 in combined Old Age Security (OAS) top-ups and related payments.
Who Will Receive the $1,100 Centrelink Bonus. The bonus will be automatically issued to eligible Australians receiving approved Centrelink payments. Those expected to qualify include: Age Pension recipients.
What Is the New $300 Seniors Payment. The $300 seniors payment is described as a one-time direct deposit issued through the Canada Revenue Agency to eligible older Canadians. It is designed to provide short-term relief during a period when inflation, housing costs, utilities, and groceries remain elevated.
Latest payment adjustment - January to December 2026
Based on changes in the CPI, CPP benefits paid in 2025 increased by 2.0% for 2026.
The 2025 Cost-of-Living Adjustment (COLA) for Social Security and Supplemental Security Income (SSI) was 2.5%, effective January 2025, increasing average benefits but feeling insufficient for some due to inflation. This increase raised maximum SSI payments and affected other limits, like the Social Security taxable maximum, but some retirees found the boost inadequate for rising costs like Medicare premiums.
Who qualifies for the $6,000 senior deduction? People who turned 65 by Dec. 31, 2025, are eligible for the new deduction, according to the IRS. The deduction provides $6,000 for each qualifying individual, or $12,000 for married couples who both qualify.
The $2,200 payment is a one-time, tax-free financial benefit provided by the federal government through the CRA. Unlike monthly pension programs, this payment is not ongoing but instead offers immediate relief to help seniors weather current financial pressures.
Cost-of-Living Adjustment (COLA) Information for 2026
Social Security and Supplemental Security Income (SSI) benefits for 75 million Americans will increase 2.8 percent in 2026.
From 6 April 2025, the State Pension will increase by 4.1%.
To be eligible for Age Pension you must be Age Pension age and meet some other rules. Age Pension age is 67 years or older. We use income and assets tests to work out how much Age Pension you get. There are several things to consider when you're preparing to claim Age Pension.
The Minister for Social Protection, Dara Calleary, has announced the details for the Christmas Bonus, which will be paid to approximately 1.5 million people this week including pensioners, carers and people with disabilities.
Eligibility and details for the $250 rebate.
To qualify, individuals must meet criteria such as working in 2023, earning under $150,000, filing a tax return, and being a Canadian resident on March 31, 2025. Payments will be issued automatically via direct deposit or cheque by the CRA.
Old Age Security Payment Updates
Old Age Security provides monthly support to Canadians aged 65 and older, regardless of work history, as long as residency requirements are met. For December 2025, OAS payments reflect a 1.2% quarterly indexation increase tied to the Consumer Price Index.
The $1,000 "Welcome to Canada Bonus" is a General Motors (GM) program for new Permanent Residents or Temporary Workers, requiring a valid PR card (arrival date generally 2022 or later) or a valid work permit, plus a Canadian driver's license, for the purchase or lease of a new eligible Chevy, Buick, GMC, or Cadillac vehicle. Eligibility hinges on your status at the time of purchase, with specific arrival year requirements for Permanent Residents.
Canadian seniors are set to receive a significant financial boost in early 2026, with reports confirming a new $1,500 Canada Pension Plan (CPP) payment scheduled for direct deposit on January 15, 2026.
To be eligible for the new senior deduction, you need to turn 65 on or before Dec. 31, 2025, and file as an individual, head of household, surviving spouse or a married couple filing jointly. (The deduction is not available to married couples filing separately.)
Beneficiaries who get Supplemental Security Income (SSI) will get two checks in the month of May. The first check, due on May 1, is the benefit for the month of May 2025. A second check is due on May 30, the benefit check for the month of June.