If a senior is 65 years of age or older and meets the eligibility standards, the Canadian government will give them a monthly payment known as Old Age Security (OAS).For many seniors, it is their primary source of income in addition to their personal savings and the Canada Pension Plan (CPP).
On the other hand, there are a lot of falsehoods and misconceptions regarding OAS compensation and how it varies over time. Your income and the number of years you have resided in Canada after turning 18 will influence how much your OAS pension is.
| Program | $1255 Old Age Security For Seniors 2024 |
| Country | Canada |
| Year | 2024 |
| Development | Employment and Social Development Canada |
| Amount | $1225 |
| Beneficiaries | Senior Citizens |
| Official Website | www.Canada.ca |
$1255 Old Age Security For Seniors Eligibility 2024
1. Your employment history will not be considered in determining your eligibility for $1255 Old Age Security for Seniors in 2024.
2. You are qualified for the Old Age Security (OAS) pension even whether you have never worked or are employed right now.
3. The minimum age requirement for the candidate is 65.
4. You must be a Canadian citizen or lawful resident at that time if your application for an OAS pension is approved.
5. Since turning eighteen, the candidate has resided in Canada for at least ten years.
