Old Age Security (OAS) and Guaranteed Income Supplement (GIS) Amounts For This Year
Your Old Age Security (OAS) pension amount is determined by your age, how long you lived in Canada, and your income levels. This is considered taxable income and is subject to a reduction based on an income threshold. Typically, those who have lived in Canada for 40 years after turning 18 years old and before turning 65 years old, are eligible to receive the full amount from OAS. If you have been in Canada for fewer than 40 years but more than 10 years, you are generally eligible for a partial benefit. Increases to the OAS benefit amount are based on changes in the Consumer Price Index (CPI), which is an inflation indicator. The OAS benefit is adjusted for inflation quarterly in January, April, July, and October.
For current information on maximum payments and income thresholds, see here. You can also get an estimate of your OAS benefit amount here. Please note that this is just an estimate and does not guarantee eligibility, which is based on factors including residency, status, age, and income thresholds.
An important factor to consider around OAS that many Canadian retirees do not realize is that OAS can be clawed back by the government and must be repaid if your income exceeds a certain threshold. To avoid this, careful cash flow planning is needed to ensure your taxable income remains at a level where you are maximizing government benefits alongside your other sources of income.
For April to June 2026, this chart below outlines the maximum monthly payment amount, and the income level where your OAS is fully clawed back.
| Age | To receive any OAS, your 2024 income must be below | Maximum monthly payment amount |
| 65–74 | $148,451 | $743.05 |
| 75+ | $154,196 | $817.36 |
The Guaranteed Income Supplement (GIS) is a monthly, tax-free payment that eligible seniors over 65 can get. Eligibility is based on your income and your marital status, and it is designed for low-income Canadians. In some cases, eligible seniors are automatically enrolled by Service Canada, but if you think you should be receiving the benefit and you have not received an enrolment letter one month after your 64th birthday, you may need to apply. See here for updated estimates for GIS maximum payment amounts and income thresholds.
If you have questions about how OAS and GIS fit into your retirement plan, please contact our team and we can schedule a personal discussion.
