Rumors of a $1,860 Old Age Security (OAS) payment hitting Canadian seniors’ bank accounts in August 2025 have sparked excitement — and confusion. While it’s true that OAS payments are increasing this year, the widely shared $1,860 figure doesn’t reflect a single OAS deposit. Instead, it appears to combine multiple retirement benefits, such as OAS, the Canada Continue reading
Canada Pension Benefits
Seniors To Receive $969 Monthly OAS Payments – Eligibility, Payment Dates & How To Claim
Canadian seniors are closely watching a potential rise in Old Age Security (OAS) to $969 per month in 2025. Thanks to cost-of-living adjustments (COLA) and strategic payment deferrals, those who delay claiming their pension can significantly boost their monthly income. Understanding how OAS works, eligibility rules, deferral options, and the claim process empowers retirees to make informed decisions that maximize their financial security. What Is Old Continue reading