Canada Old Age Security (OAS) Payment Increase for January to March 2026
The first Old Age Security (OAS) payment of 2026 is set for January 28, with an increased amount for the new quarter. This adjustment is crucial as OAS rates change quarterly based on the Consumer Price Index (CPI).
Understanding OAS Payments
OAS is a monthly pension for eligible seniors aged 65 and above. Unlike the Canada Pension Plan (CPP), OAS is not dependent on work contributions but is determined by factors such as age, years lived in Canada after turning 18, and income level.
Notably, OAS is subject to tax, affecting total income and potential recovery tax for higher-income seniors. Payments typically coincide with CPP deposits, providing a reliable budgeting reference for recipients.
OAS Increase for January to March 2026
For the first quarter of 2026, OAS benefits rose by 0.3% due to CPI adjustments, marking a 2.0% annual increase from January 2025. Unlike other benefits, OAS rates are reviewed quarterly, increasing with CPI growth and remaining stable during periods of low inflation.
2026 OAS Payment Dates
- January 28, 2026
- February 25, 2026
- March 27, 2026
- April 28, 2026
- May 27, 2026
- June 26, 2026
- July 29, 2026
- August 27, 2026
- September 25, 2026
- October 28, 2026
- November 26, 2026
- December 22, 2026
Note: Payment processing times may vary, especially for cheque recipients.
