If you are a senior in Canada and struggling to meet your basic needs then a $956 OAS Pension Payment 2024 is the best option to get a monthly increase in your account. But to receive monthly income from this program, you must meet certain requirements set by the government to become eligible for the payments.
Due to rising inflation and the cost of living every year, many senior citizens are facing financial challenges in their retirement years. Because now they have no option to earn money for their needs. If they have savings then they can manage their expenses but even this does not go that far.
$956 OAS Pension Payment 2024
Therefore the Government of Canada has decided on this Old Age Security Pension Scheme and allows senior citizens to claim to receive monthly income support. All senior citizens have been provided with an additional $956 OAS Pension Payment for 2024 in the bank account. Now you need to check how to claim this month’s OAS Pension Increase Worth $956, then read the following section and find out how to receive this amount. The allocation of this $956 OAS Payment will be based on your eligibility and especially post-retirement senior citizens who are struggling to meet their basic needs like food, housing and health care can get this payment.
However, this payment does not give you enough income but allows you to manage your expenses in difficult times. So if you have not applied for this program then visit the official website and submit the required details to start this pension program. The CRA as well as the Government of Canada require your details as well as income limits to initiate this payment. Below I have attached all the updates and relevant information so you may be entitled to receive the OAS $956 Pension Amount 2024 in the bank account. For more updates, you can go down and read the following sections.
$956 Old Age Pension to Seniors in Canada – Overview
| Country | Canada |
| Article On | $956 OAS Pension Payment 2024 |
| Department | Canada Revenue Agency (CRA) |
| Beneficiary | Seniors |
| Amount | $956 |
| Category | Government Aid |
| $956 OAS Payment Date 2024 | August 2024 |
| Official Website | canada.ca |
Details on the OAS Extra Payment Worth $956 to Seniors
According to a new update recently announced on the official website, senior citizens in Canada will receive an additional $956 Payment with their OAS Monthly Payments in 2024. This amount will be available to eligible OAS beneficiaries in the coming dates. If you want to know yourself eligible for this payment then you have to visit the official website and know the updates there. The boost amount worth $956 in OAS Payment 2024, will be available directly into the bank account. Therefore you will have to update your bank details and other necessary information to make this payment.
This is an important addition to the OAS Payment for senior citizens as they can receive this amount to increase their monthly budget to prepare for this inflation. Due to the rising cost of living expenses, senior citizens need a lot of financial assistance to manage their expenses and this $956 OAS Payment in 2024 will assist them to improve their standard of living. Senior citizens who come from low-income groups will benefit from this amount and can receive it in their bank account. It is not available for every installment of your payment, but eligible senior citizens can get it with the first installment in August 2024.
$956 OAS Pension Payment 2024 Eligibility
All seniors need to receive their full entitlement to this payment. The government has set certain criteria under which relaxations will have to be given to senior citizens. The Canada Revenue Agency will allow seniors who meet all the requirements to receive this $956 OAS Pension Payment in August 2024. If you have doubts and want to know the requirements then you can follow the points given below and know the updates there. The authority has also uploaded all the requirements to receive this OAS Benefit Amount of 2024 in the bank account. You can now scroll down to understand all the updates.
- Individuals must be permanent residents of Canada.
- Should be Enrolled for the Old Age Security Pension 2024.
- Your age should be 65 years and above.
- If you are an immigrant or living outside of Canada then you must have lived in Canada for up to 10 years.
Is There a $956 Increase in OAS Payment 2024?
This is an important update from the Government that provides eligible seniors with a $956 Increase in OAS Pension. Lakhs of senior citizens are now happy and are looking forward to getting this increase. This increase in OAS Payments worth $956, will assist them and promote financial stability to manage expenses. If you are a senior in Canada and enrolled for the OAS Pension 2024, you can receive this increased amount along with your monthly payments.
This $956 OAS Amount in 2024 will give you enough money to manage all the expenses for your well-being. If you are from a low-income group then your standard of living can also increase. Senior citizens can also pay their medical bills and treat their health with this amount even if they are struggling to manage the expenses from their savings.
Although the OAS also provides considerable financial support to pension-eligible seniors, this increase will now provide greater support to those who are in need, ensuring the long-term sustainability of such commitments and removing systemic barriers to the effectiveness of the program is critical.
Canada OAS Payment Dates 2024
| OAS Payment Month | OAS Payment Dates |
| January 2024 | 29 January 2024 |
| February 2024 | 23rd February 2024 |
| March 2024 | 27 March 2024 |
| April 2024 | 27 April 2024 |
| May 2024 | 28 May 2024 |
| June 2024 | 27 June 2024 |
| July 2024 | 28 July 2024 |
| August 2024 | 29 August 2024 |
| September 2024 | 26 September 2024 |
| October 2024 | 28 October 2024 |
| November 2024 | 26 November 2024 |
| December 2024 | 21st December 2024 |