USEFUL NUMBERS – 2023 (by Ivana Saula)
1. OLD AGE SECURITY BENEFIT (Monthly, at age 65, January 2023) Age 65-74: $ 687.56 (regardless of marital status) 75+: $ 756.32 Adjusted quarterly to CPI (in January, April, July and October) OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.60% for each month of deferral Pension indexation rate for 2023 is 6.3% Following increases to CPI, OAS benefit will increase by 0.3%