Unpublished Newswire

Eligible Canadians receiving Old Age Security (OAS) payments will see a slight increase when the latest deposit lands in their account on Wednesday or when the cheque arrives in the mail, for those not signed up for direct deposit. Canadian Pension Plan payments are going out simultaneously to eligible recipients, but there’ll be no increase as that benefit is adjusted for inflation annually in January. Here’s what to know about the forthcoming OAS bump. How much is OAS increasing? The benefit, reassessed quarterly based on the “cost of living increases as measured by the Consumer...