In Canada the CPP and OAS Payments are being delivered to the seniors or retirees as a financial support. These both benefits are the monthly payments that are being delivered. Today this guide will include both these CPP and OAS Benefits. There is news for the New CPP/OAS Payment for Canadian Seniors. The new payments for the seniors and retirees are being issued. Both these benefits are revised quarterly as now in the last quarter these payments are going to be revised from 1st October 2024. This means that the new amounts for the OAS and CPP will be delivered. These amounts are revised as per the inflation or CPI in Canada. The Canadian seniors or retirees will receive this benefit amount. In this post we will look at new amounts that are being delivered and also we will see who can qualify for this benefit and with this we will check the issuance schedule for these new benefits.
New CPP/OAS Payment for Canadian Seniors
The OAS is the financial security payment for the seniors. Now the seniors will get the revised amounts from October. These payments are the support payments for the seniors and this will be scheduled for the citizens over the 65 years age. The CPP is the contributory plan in which the retiree will receive the contributory amount. For this payment the retiree needs to firstly contribute into the CPP and the average earnings of the lifetime must be contributed. Then only in the future payments will be delivered. The new amounts are provided in the post and with this we may see the qualification requirements and the issuance schedule.
New CPP and OAS In Canada 2024 – Overview
| Post Title | New CPP/OAS Payment for Canadian Seniors |
| Year | 2024 |
| Name of the Country | Canada |
| Issuing Authority | Service Canada |
| Payment Name | CPP, OAS |
| CPP/OAS Benefit Eligibility 2024 | Seniors or Retirees In Canada |
| Objective | Financial Support |
| Canada New CPP/OAS Amount 2024 | See this guide |
| Payment Frequency | Monthly |
| Canada CPP/OAS Schedule 2024 | From October till December 2024 |
| Post Category | Finance |
| Official Web Portal | www.canada.ca |
CPP/OAS Benefit Eligibility 2024
- This new payment will be delivered to the Claimants of CPP and OAS.
- This means that the seniors who are earning lower income can claim for the new amounts.
- The Senior minimum qualifying age is 65 years.
- The Canadian Residency is required to claim new OAS/CPP .
- A Canadian Resident since 18 years age should stay for 10 years in Canada.
- The earnings for the last year must be as per the provided table:
| Age | Earnings In Year 2023 |
| 65 Years to 74 Years | $1,48,451 |
| 75 Years or over | $1,54,196 |
- For the qualification of CPP the qualifying age is 60 years or more.
- The resident in their working life should contribute to the plan called CPP.
Canada New CPP/OAS Amount 2024
The new amounts that take effect from October till December are provided here. The CPP per month maximum amounts is $1364.60 and the OAS per month maximum amounts are provided below as per the last year earnings:
| Age | Income | Monthly Amount |
| 65 Years – 74 Years | $1,48,451 | $727.67 |
| 75 Years or over | $1,54,196 | $800.44 |
Canada New CPP/OAS Schedule 2024
The new amounts for the CPP and OAS will have the effect from 1st October till last december. For the last quarter we have provided the schedule for both CPP and OAS. The schedule for the issuance is the same. This means that the following schedule is applicable for both benefits:
| Month | Payment Date | Payment Day |
| October | 29th | Tuesday |
| November | 27th | Wednesday |
| December | 20th | Friday |
Fact Check: New CPP/OAS Payment for Canadian Seniors
These new payments for the OAS and CPP will come. Both these payments are reliable. The provided amounts in the post are reliable amounts for both new CPP and OAS Benefits. These news amounts for the CPP and OAS will be effective from October 2024 and applicable till December 2024. We have also provided the schedule for the OAS and CPP for the October, November, December month. For more updates on new payments the information will be given on the Service Canada page.
FAQ Related To New CPP/OAS Payment for Canadian Seniors
The regular OAS and CPP Claimants can claim for new amounts.
These new OAS/CPP will be effective from October and be applicable till December.
No, the regular claimants can automatically claim the new amounts.
Yes, the OAS and CPP are issued as per the same schedule or date.
The new amounts for the CPP/OAS are given on the Service Canada page.
