Old Age Security Payments Rise: Max $752 for Seniors in July 2026

Old Age Security (OAS) payments in Canada will increase this week, with maximum monthly benefits rising to $752 for recipients aged 65 to 74 and $827 for those 75 and older, Service Canada announced.

Largest Quarterly OAS Increase Since 2024

The 1.2% adjustment for the July-to-September 2026 period marks the largest single-quarter OAS increase since October 2024, when benefits climbed 1.3%. The change reflects a quarterly reassessment tied to the Consumer Price Index (CPI), which rose 2.8% year-over-year in June 2026, down from 3.2% in May, according to Statistics Canada. The next CPI update is scheduled for August 17.

Service Canada noted the latest adjustment brings cumulative OAS growth to 2.3% since July 2025. Payments will be deposited Wednesday for those enrolled in direct deposit, while mailed cheques will arrive shortly after. Unlike OAS, Canada Pension Plan (CPP) benefits remain unchanged, as they are adjusted annually in January.

Who Qualifies for the Full OAS Increase?

Eligibility for the maximum OAS payment depends on age, net income, and residency. For July 2026, recipients aged 65 to 74 must have an annual net income below $152,062 to receive the full $751.97, up from $743.05. Those 75 and older qualify for $827.17 (previously $817.36) if their income is under $157,923. Exact amounts may vary based on individual assessments, and Service Canada offers an OAS benefit estimator online.

By law, OAS payments cannot decrease, even if the cost of living declines. The program is designed to provide financial support to seniors, with adjustments ensuring benefits keep pace with inflation. Recipients are encouraged to verify their payment details through their Service Canada account or the agency’s official channels.

What’s Next for OAS Recipients?

The next OAS adjustment will be announced in October 2026, based on the CPI data for the July-to-September period. Seniors should monitor their accounts for the updated payment amounts this week and consult Service Canada’s resources for personalized benefit estimates.