$2120 OAS Payment Date 2024 – For All Seniors, Know Eligibility & OAS Amount

The federal government of Canada has initiated several programs for the welfare of the citizens of Canada. One such scheme is Old Age Security Payment 2024. In this scheme, the government provides financial benefits to Canadian citizens who are aged 65 and above. This is the main retirement scheme offered by the Canadian government for old age people. Candidates who satisfy the eligibility criteria can apply on the official website https://www.canada.ca to get the payments on a monthly basis as per $2120 OAS Payment Date 2024. The OAS Payment Amount 2024 can be calculated by referring to the calculation procedure available at the official portal.

$2120 OAS Payment Date 2024

The Canadian government has launched immense schemes to benefit its citizens especially those aged 65 years or above. $2120 OAS Payment Date 2024 is such a scheme which offers monetary aid to old people with this retirement benefit. In 2022, the Old Age Security pension was permanently increased by 10% for old people aged above 75 years or above. The old age benefits are segregated into Guaranteed Income Supplement (GIS), Allowance, and Allowance for the Survivor. Visit the official website https://www.canada.ca for detailed information. The following table gives an overview of this government initiation.

$2120 Old Age Security Payment Date 2024

Program Name$2120 OAS Payment Date 2024
Organised ByGovernment of Canada
Year2024
CountryCanada
$2120 Old Age Security Payment Date 2024March 2024
EligibilitySenior Citizens of Canada 
Payment Amount$2120
CategoryFinance
Websitehttps://www.canada.ca/
$2120 OAS Payment Date 2024 - For All Seniors, Know Eligibility

$2120 OAS Payment Eligibility Criteria 2024

The candidates who want to apply for such a government offered financial aid must satisfy the $2120 OAS Payment Eligibility Criteria 2024. The payments are organised to help the old people with monetary aid so that they can carry out the daily necessities and care towards their health. Below mentioned are the points which should be fulfilled to be eligible for such a payment. The candidate must be:

  • 65 years old or above
  • How long has a person lived in Canada after 18 years of age
  • The income of the candidate in certain limits
  • Permanent citizen of Canada.

Note: monthly payment rates will increase if the cost of living goes up and monthly payment rates will not decrease if the cost of living goes down.

OAS Payment Amount 2024

The payment amounts under the Old Age Security are segregated as Old Age Security Pension, Guaranteed Income Supplement (GIS), Allowance, and Allowance for the Survivor. The OAS Payment Amount 2024 paid under these program are as below:

Old Age Security Pension

Allowed to Canadian citizens of the age 65 years or above.

SituationsAnnual Net IncomeOAS Payment Amount 2024
Age up to 65 to 74 yearsLess than $134,626Up to $713.34
Age up to 75 or over Less than $137,331Up to $784.67

Guaranteed Income Supplement 

Allowed to Canadian citizens of the age 65 years or above.

SituationsAnnual Net IncomeMaximum Monthly Payment Amount
Single, widowed or divorced Less than $21,624Up to $1,065.47
Spouse/common-law partner who receives a full OAS pensionLess than $28,560(combined income of couple)up to $641.35
Spouse/common-law partner who receives the AllowanceLess than $39,984(combined income of couple)up to $641.35
a spouse/common-law partner who does not receive an OAS pension or AllowanceLess than $51,840(combined income of couple)up to $1,065.47

Allowance

Allowed to Canadian Citizens of 60 to 64 years of age.

SituationsAnnual Net IncomeMaximum Monthly Payment Amount
a spouse/common-law partner who receives the GIS and the full OAS pensionLess than $39,984(combined income of couple)up to $1,354.69

Allowance for the Survivors 

Allowed to Canadian Citizens of 60 to 64 years of age.

SituationsAnnual Net IncomeMaximum Monthly Payment Amount
a surviving spouse or common-law partnerless than $29,112up to $1,614.89

$2120 OAS Payment Dates 2024

The candidates who are eligible for the OAS payments, will receive the payments with an increase of 3.2% in the Consumer Price Index which remained same since April 2023. By the end of each month, the government credits the payment amounts in the account of the beneficiaries. Below is the $2120 OAS Payment Dates 2024 released by the government on the official portal https://www.canada.ca/. 

Month 2024$2120 OAS Payment Dates 2024
January 28 January 2024
February27 February 2024
March26 March 2024
April26 April 2024
May 29 May 2024
June26 June 2024
July29 July 2024
August28 August 2024
September 25 September 2024
October 29 October 2024
November 27 November 2024
December20 December 2024

Steps To Claim $2120 OAS Payment 2024 

Candidates who are eligible to receive the benefits can Claim $2120 OAS Payment 2024 by following the below steps:

  • Visit the official website at https://www.canada.ca/.
  • As the portal opens, fill in your credentials to generate your ID number and password.
  • Fill in the accurate information in the online form available on the website.
  • Upload the relevant documents as stated in the form.
  • Submit the form to proceed further.

DISCLAIMER : It is to inform you that the information is collected from official website and other resources available on the Internet. We do not approve the authenticity of the information and you should stick to official website for all the updates.

FAQs On $2120 OAS Payment 2024

Who is eligible for OAS Payment 2024?

The senior citizens of Canada are eligible for the OAS Payment 2024.

When will the payment amount be received for March 2024?

The payment for March 2024 will be received on 26 March 2024.

What is the link to the official website to apply for OAS Payment 2024?

Candidates can check their eligibility and can apply at https://www.canada.ca/.

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