The Canada Revenue Agency of Canada has made several changes to the OAS and CPP benefits for senior citizens. The new changes mainly involve the increase in the amount of benefits for all eligible senior citizens, under the OAS and CPP benefits for 2024. It is being expected that the $2,168/Month New OAS and CPP Benefit To Seniors In Canada In 2024 will be issued but there is no official information till now. The new changes in amount is due to the increase in cost of living and inflation rates. As per the latest reports the maximum amount of OAS benefits starting for people who are over the age of 65 shall be $727.67, and for people who are over the age of 75 the amount starts from $800.44. This is the increased amount of OAS 2024 benefits after the October 2024 cost of living adjustments done by the Canada Revenue Agency. 

People who want to claim the OAS benefits in 2024 will have to meet all the $2,168 CPP & OAS Eligibility Criteria 2024, including the income limits. The annual income limits for individuals over 65 applying for the OAS 2024 should be less than $148,451, and for citizens over the age of 75 the annual income limits are set at $154,196. Similarly, CPP benefits are distributed according to the established eligibility criteria under the CRA, and the income limits. For single individuals the annual income for senior citizens who are applying should be less than $73,200, and for couples the limits are set at $81,200. Moreover, CRA Benefits Payment Dates 2025 are out now and you can check the dates on which you will get the benefits.

$2,168/Month New OAS and CPP Benefit To Seniors In Canada In 2024

It is being seen in reports that the $2,168/Month New OAS and CPP Benefit To Seniors In Canada In 2024 might be issued which will help the residents of Canada. However, official website details no such information. The previous increase in the amount of CPP and OAS payments happened back in October 2024, this increase in amount shall be valid till March 2025. Now any increase in payments for CPP and OAS benefits could be possible from April 2025. All the citizens who haven’t reached the age of 65 are expected to start contributing up to $397 for the CPP, to be eligible for these benefits by the time they reach the age of 65. Those who are eligible for these benefits can apply for these benefits offline from their nearest service centre or they can visit the official handle of the Canada Revenue Agency. 

$2,168 Monthly Old Age Security & Canada Pension Plan Benefit To Seniors 2024

Program	$2,168 Monthly Old Age Security & Canada Pension Plan Benefit To Seniors 2024
Country	Canada
Authority	CRA
Category	Finance
Year	2024
Name of the payments	CPP and OAS
Amount	$2,168
Payment dates	December 2024
Payments Frequency	Monthly benefits
Eligibility	Low income residents who are permanent and legal citizens over the age of 62 to 65
Official handle	Official handle of the CRA

$2,168 CPP & OAS Eligibility Criteria 2024

Know about the $2,168 CPP & OAS Eligibility Criteria 2024 through the points below.

• You must be permanent residents of Canada, especially senior citizens over 65. 
• For CPP all the willing applicants must have given at least forty valid contributions to the CPP, they should have crossed the age of 62 and 65, while they meet the income limits.
• Meanwhile OAS benefits for 2024 shall be given to low income senior citizens who are retired and over the age of 65, and they must have lived in Canada over ten years in Canada.

How To Claim $2,168/Month New OAS and CPP Benefit To Seniors In Canada In 2024

Steps below can be used to Claim $2,168/Month New OAS and CPP Benefit To Seniors In Canada In 2024.

• Firstly, you must be meeting the income limits.
• Now visit the official portal of the CRA, locate the application form for OAS or CPP.
• Fill your form with accuracy and submit your claim.
• You also need to attach documentation proof along with your application that involves having a birth certificate, income proof, work history, tax returns, etc.

$2,168/Month New OAS and CPP Benefit To Seniors In Canada In 2024 : Fact Check

This article is based upon the CRA based benefits that includes a monthly payment of $2,168 for OAS and CPP. It is to inform you that the increase mentioned is not true and no such benefit is expected to be released by the CRA. Moreover, the latest increase in these benefits took place from October 2024 due to the cost of living adjustments. Since then there is no other increase in the CPP and OAS benefits, and no increase will take place till April 2025. Till then all the willing applicants should stay connected to the official handle of the CRA for any upcoming latest updates and changes to the payments amount. 

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