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Saturday September 6th 2008

Old Age Security (OAS) Pension

May 23, 2008 - 3:40pm
About: 

The Old Age Security pension is a monthly payment available to most Canadians aged 65 or older. You must apply to receive benefits. If you meet the eligibility requirements explained below, you may be entitled to receive the Old Age Security pension even if you are still working or have never worked.

Eligibility

They look at two things to determine if you can receive the Old Age Security pension: your age and your years of residence in Canada.

If you fall into either of the categories below, you may be eligible to receive the Old Age Security pension.

Category 1 - People living in Canada

  • You are 65 or older.
  • You live in Canada and are a Canadian citizen or a legal resident at the time your pension is approved.
  • You lived in Canada for at least 10 years after reaching age 18.

Category 2 - People living outside Canada

  • You are 65 or older.
  • You left the country and you were a Canadian citizen or a legal resident of Canada when you left.
  • You lived in Canada for at least 20 years after reaching age 18.

If you do not fall into either of these two categories, you may still qualify for a pension since Canada has social security agreements with many countries. If you have lived in one of these countries or contributed to its social security system, you may qualify for a pension from that country, from Canada or from both countries.

How to Apply
( categories: Applying For... | Canada | Seniors/Elders )
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