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OAS Secrets | How To Get the Maximum OAS Increase You Deserve



OAS Secrets | How To Get the Maximum OAS Increase You Deserve

OAS Secrets | How To Get the Maximum OAS Increase You Deserve. The Old Age Security (OAS) program provides a basic income to seniors aged 65 and older who meet eligibility criteria. This government initiative, alongside personal savings and the Canada Pension Plan, forms a crucial part of the country’s retirement income system. Eligibility is determined by factors such as age, residency, and income.

OAS Eligibility Criteria

To qualify for OAS benefits, individuals must be 65 years or older and have resided in Canada for at least ten years after turning eighteen. OAS is considered taxable income, with maximum payouts as of June 2023 set at CAD 691 per month for those aged 65 to 74 and CAD 760.10 per month for those 75 and older.

OAS Application and Automatic Enrollment

Applying for OAS is generally automatic, with Canadian citizens and legal residents receiving a notification a month after their 64th birthday. Residents can then notify Service Canada when ready to commence payments. The length of residency in Canada after turning 18 influences the amount of OAS one receives, and partial pensions are available for those with less than 40 years of Canadian residency.

Best Ways to Maximize OAS Increase

1. Avoiding the Dreaded OAS Clawback

Failure to be aware of income thresholds may result in a clawback, reducing OAS payments. For the income year 2023, the minimum income recovery criterion is CAD 86,912, with higher thresholds for older age brackets. Strategic income splitting among married or common-law couples is permitted to mitigate the impact of the clawback.

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2. Deferring OAS Payments

Delaying OAS benefits for one to five years, particularly if in good health and without immediate financial need, can lead to increased monthly payments. The percentage increase varies with each year of deferral, reaching a permanent rise of 36% at age 70. Pensioners can choose when to receive OAS payments based on their financial circumstances.


3. Maximize OAS Increase at Age 75

As of July 2022, the Canadian government announced a 10% automatic and permanent increase in the OAS pension for seniors aged 75 and above. This enhancement, aimed at supporting seniors’ living standards, does not impact the Guaranteed Income Supplement (GIS). Seniors will receive this increase in the month following their 75th birthday if it falls after July 1, 2022.


The full potential of Old Age Security (OAS) involves strategic planning and awareness of key factors. By navigating income thresholds, considering deferral options, and embracing age-related enhancements, seniors can optimize their OAS benefits for a secure and comfortable retirement.

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