An Act to amend the Old Age Security Act (amount of full pension)
Increases the Old Age Security pension for seniors aged 65 to 74 by 10 percent, matching the increase already extended to those 75 and older in 2022. Also raises the Guaranteed Income Supplement earnings exemption from $5,000 to $6,500. Passed third reading in the House of Commons.
Status
Quick learn
Gives seniors aged 65 to 74 the same 10 percent OAS boost that seniors 75 and older already get. Also raises the income seniors can earn before their GIS starts being clawed back.
Issues this bill touches
- Cost of Living
Increases the OAS pension for seniors 65 to 74 by 10 percent, matching the increase given to seniors 75 plus in 2022.
- Disability & Senior Care
OAS 10% boost for seniors 65-74, matching what 75+ already get. Closes the seniors-benefits equity gap.
Legislative history
- First reading
First reading in the House of Commons.
View source - Second reading
Second reading in the House of Commons.
View source
Official source
Read full text on Parliament of Canada