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$1867 OAS Increase: Get a $1867 OAS Boost in 2024 | Eligibility & Details

By Sarah Mitchell

Updated on:


Get ready for a financial boost! The Canadian government has announced a significant $1867 increase to the Old Age Security (OAS) pension payments, effective April 2024. This substantial change aims to help Canadian seniors keep pace with rising living costs and ensure a more comfortable retirement. In this article, we’ll break down everything you need to know about this increase.


Understanding the $1867 OAS Increase

The $1867 increase to the OAS pension is a major win for seniors across Canada. Here’s why this increase matters:

  • Combatting Inflation: This increase is designed to help offset the rising cost of living, ensuring your pension payments maintain their purchasing power.
  • Strengthening Financial Support: This change provides essential additional income on a monthly basis, bolstering the financial security of retirees.
  • Recognizing Valuable Contributions: The increase acknowledges the lifelong contributions seniors have made to Canadian society and their ongoing role in our communities.

Key Details about the 2024 OAS Increase

Increase Amount$1867 (annual)
Monthly IncreaseApproximately $155 (calculation included)
Effective DateApril 2024
First Increased PaymentApril 26th, 2024

Are You Eligible for the OAS Increase?

To qualify for the increased OAS pension, you must meet the following criteria:

How to Receive the Increased OAS Payments?

  • Automatic Enrollment: If you’re already an OAS recipient, good news! The increase will be applied automatically. No further action is required.
  • New Applicants: If you’re turning 65 in 2024 or later, here’s how to apply:

Important Considerations

  • Income-Based Adjustments: If your income exceeds a certain threshold, a portion of your OAS pension may be subject to a recovery tax (also known as the OAS clawback).
  • Guaranteed Income Supplement (GIS): Seniors with low income may be eligible for additional financial support through the GIS program. Find more information on the Service Canada website.


The $1867 OAS increase is a welcome and significant change, demonstrating the Canadian government’s commitment to supporting seniors. This increase will offer much-needed financial relief, helping eligible seniors enjoy a more secure and comfortable retirement.

When will the OAS increase take effect?

The increase will begin in April 2024.

Do I need to re-apply for OAS to receive the increase?

No, current OAS recipients will have the increase applied automatically.

Could my increased OAS payments be taxed?

Yes, if your income is above a certain level, a portion may be recovered through the OAS recovery tax.

Sarah Mitchell is an accomplished finance expert with deep knowledge in corporate finance and strategic investment planning. With over 15 years in the finance industry, Sarah is a trusted resource for insights on market dynamics and economic forecasting. Education: Bachelor’s Degree: B.A. in Finance from Stanford University (2002-2006) Master’s Degree:…

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