Old Age Security (OAS) Payment Rates

January - March 2006

The following chart shows the maximum and average monthly rates for Old Age Security (OAS), Guaranteed Income Supplement and the Allowance, as well as the maximum annual income to be eligible for these benefits.

For detailed monthly rates, please refer to the Tables of Rates for Old Age Security, Guaranteed Income Supplement and the Allowance.

Old Age Security benefit rates are reviewed in January, April, July and October to reflect increases in the cost of living as measured by the Consumer Price Index.

The term "spouse" includes a common-law partner.

Pensioners are not eligible for benefits if their income, or the combined income of them and their spouse, is more than the maximum income shown on the chart.

The Allowance stops being paid at $26,496 while the GIS stops being paid at $34,368.

Note - Pensioners with an individual net income above $62,144 must repay part or all of the maximum Old Age Security pension amount. The repayment amounts are normally deducted from their monthly payments before they are issued. The full OAS pension is eliminated when a pensioner's net income is $100,914 or above.return to table

More information:

• Detailed rates: Tables of Rates for Old Age Security, Guaranteed Income Supplement and the Allowance
• Canada Pension Plan Payment Rates
• ISP Information Card - Old Age Security and Canada Pension Plan
• Payment dates
  
• Old Age Security Rates and the Consumer Price Index

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