The Old Age Security is the monthly payment given to the citizens who are aged 65 years or more and have been supplemented by the Guaranteed Income Supplement. The $718 OAS Payment 2024 is the monthly benefit to be given to all the citizens aged 65 to 74 years. The beneficiaries are to check the OAS Payment Eligibility 2024 to know who all are entitled to get the payment. The $718 OAS Payment Date 2024 will let you know as to when this payment will be released. Now the given post will guide with OAS payment which is set to be released in the month of September 2024. To know all the details regarding the benefit of $718, you shall read the complete post.
$718 OAS Payment 2024
The Canada Revenue Agency is the Federal Agency which has been providing the finances to the citizens in order to help them get rid of poverty and ensure they have proper income to support their daily needs. The Canada pension plan is the retirement income given to the citizens while the Old Age Security is the old aged income given to the beneficiaries who are aged 65 years or more. The OAS payment is not dependent upon the income of the seniors but on the age limit. The payment of OAS is given on the monthly basis and the beneficiaries shall check the amount which they are entitled for.
The OAS Payment Eligibility 2024 is the basis to decide if you could get the payment or not. The beneficiaries shall know that the payment will be given each month and the news is stating that $718 is to be released towards OAS. This is very much true as the ones aged 65 to 74 years will get this payment and this is the income to help the citizens easily pay their medical or food bills. We have often seen seniors struggling due to lack of income where they have to compromise between choosing medication or a healthy lifestyle. To help those citizens, the OAS payment is being released and it lets the seniors meet their basic needs. If this payment weren’t provided, the seniors will be seen below the poverty line dying due to hunger or lack of medication.
You must have a look at this post for all the details pertaining to the OAS benefit.
canada.ca OAS Payment 2024
- After the Government has known that the seniors are having lack of income to support their needs and have not been doing much work, they have started the $718 OAS Payment 2024.
- This benefit acts as the monthly income support for all those aged 65 years or more and this payment will be transferred in the accounts by the last week of each month.
- The low income recipients can apply for an additional amount in the form of Guaranteed Income Supplement and the partners income can affect your threshold limit.
- The ones whose annual net income is below the certain limits will only be eligible to get the benefit and it has been said that the payment will be given for $718.33 if you are aged 65 to 74 years.
Canada’s OAS Payment 2024
| Post Title | $718 OAS Payment 2024 |
| Organization Name | Canada Revenue Agency |
| Benefit Name | Old Age Security Payment |
| Payment in Country | Canada |
| Payment to | Old aged people living in Canada |
| Eligibility | Age above 65 years |
| $718 OAS Payment 2024 | 25 September 2024 |
| Payment frequency | Monthly |
| Payment status | Releasing this month |
| Amount of benefit | $718.33 per month |
| Benefit release mode | Online |
| Post type | Finance |
| Website | canada.ca |
What Is The OAS Payment Eligibility 2024?
- To get the $718 OAS Payment 2024, you shall be living in Canada.
- Your age has to be 65 years or more.
- Those who are non-residents shall be living in Canada for a period of 20 years or more from the age of 18 years.
- The person shall be getting the Canada Pension payment.
- The beneficiary shall be facing any sort of disability.
What Is The OAS Payment Amount 2024?
The amount which you will check in the table below is the benefit from July 2024 to September 2024. After this month, you will be able to get a new payment amount.
| Age Limit | Net income | Monthly benefit |
| 65 to 74 years | Under $142609 | $718.33 |
| 75 years or more | Under $148179 | $790.16 |
What Is $718 OAS Payment Date 2024?
The benefit of OAS is given on the third last date of each month and the amount will be given in the bank accounts directly.
You can check the payment dates below.
| Month | OAS Payment Date 2024 |
| September 2024 | 27 September 2024 |
| October 2024 | 27 October 2024 |
| November 2024 | 28 November 2024 |
| December 2024 | 20 December 2024 |
Facts On $718 OAS Payment 2024
It has been in the news that the beneficiaries will be given the benefit of $718.33 as the monthly OAS payment. People have been looking after the news and have known that this payment will surely be provided and will be given to those aged 65 to 74 years.
Without any doubt, you will get this benefit on 27 September 2024.
FAQs On $718 OAS Payment 2024
The old aged people age 65 to 74 years will get the amount of $718.33
You will get this amount on 27 September 2024.
The payment will be released in the bank accounts of the beneficiary.
