This document has been updated on October 24th, 2017 and reflects the state of the Law, including draft amendments, at that date.


Old Age Security Pension

The maximum monthly OAS payments to eligible taxpayers in 2017 are as follows:10

2017 $
PENSION EXCLUDING GIS
January, February, March
April, May, June
July, August, September
October, November, December11
578.53
578.53
583.74
GIS12
Single13 Married14
January, February, March
April, May, June
July, August, September
October, November, December11
864.09
864.09
871.86
520.17
520.17
524.85
SPOUSE ALLOWANCE14
60-64 yrs. old Widowed 60-64 yrs. old
January, February, March
April, May, June
July, August, September
October, November, December11
1,098.70
1,098.70
1,108.59
1,309.67
1,309.67
1,321.46

Receiving the OAS benefit may be deferred for a maximum of five years. The benefit is then increased by 0.6% for each month of deferral, up to a maximum of 36%.

OAS benefits are reduced15 at the rate of 15% when an individual’s income reaches $74,888 and cease to be paid when income reaches $121,279.16 The GIS (with non-pensioner spouse), the spousal allowance and the surviving spouse benefit cease to be paid when the beneficiary’s income reaches $42,384, $32,736 and $23,832 respectively.17

It is not financially advantageous to defer your OAS to after the age of 70. On the contrary, you could lose benefits.


10 The amounts and income thresholds are adjusted quarterly. For additional information: https://www.canada.ca/en/employment-social-development/programs/pensions/pension.html.
11 Data not available at date of publication.
12 Amounts shown are the maximum amounts, calculated on the basis of the spouses’ income for the previous year and entitlement thereto is based on meeting several requirements. An increased GIS is available for individuals with very low income.
13 Single, widowed or divorced pensioner or married pensioner whose spouse is not a pensioner.
14 Married couples when both spouses are pensioners.
15 Benefits are generally recovered by means of a withholding mechanism, which eliminates the need for individuals to repay the benefits when filing their tax returns for the year.
16 Thresholds for 2017.
17 Thresholds as of the third quarter of 2017. The OAS and first $3,500 in employment income are not considered for the purposes of these limits.

Complementary Provincial Benefits

Low-income Seniors Benefit – New Brunswick

An annual benefit of $400 is offered to seniors 60 years of age and over living in New Brunswick. To be eligible, the person must have received a federal GIS or a federal OAS allowance for the preceding year. A single benefit is paid per couple. However, if the spouses live apart (e.g. if one of them is in a nursing home), both are eligible for the benefit.

Guaranteed Annual Income System – Ontario

The guaranteed annual income system guarantees Ontario’s seniors (65 years and older) who receive OAS benefits and the GIS a minimum income by paying them a monthly benefit of up to $83 ($166 per couple) based on the total family income. It is not necessary to apply for this amount. The Ontario government determines eligibility and the amount of the benefit using information it receives from the federal government.