The Government of Canada is providing an additional $1400 Old Age Security (OAS) payment to seniors in September 2024. This payment is a much-needed boost for seniors, particularly given the rising cost of living. In this article, we will cover the release date, eligibility criteria, payment mode, and how seniors can claim this extra payment.
Extra $1400 OAS Payment
The Old Age Security (OAS) program is one of Canada’s key benefits designed to support seniors. The Canada Revenue Agency (CRA) administers this monthly payment, which is available to Canadian residents aged 65 and over. As a regular part of Canada’s social welfare system, OAS payments help seniors maintain financial stability in their retirement years.
In September 2024, eligible seniors will receive an additional payment of $1400. Let’s explore the details of this extra payment and how it will work.
Key Details
| Agency Name | Canada Revenue Agency (CRA) |
| Payment Name | Old Age Security (OAS) Extra Payment |
| Who Gets It | Residents of Canada aged 65 and above |
| Payment Mode | Online payment via direct deposit |
| Regular OAS Payment Frequency | Monthly |
| Extra OAS Payment Date | 25th September 2024 |
| Amount of Extra Payment | $1400 |
| Official Website | www.canada.ca |
What is Old Age Security (OAS)?
The Old Age Security (OAS) program is a monthly payment provided by the Canadian government to seniors aged 65 or older. It is a key financial support system aimed at ensuring a basic income for retired individuals. The OAS is not income-tested, meaning anyone who meets the age and residency requirements can receive it regardless of their earnings.
Eligibility for the Extra $1400 OAS Payment in 2024
To qualify for the additional $1400 OAS payment, seniors must meet specific eligibility criteria set by the Canadian government. These criteria ensure that the extra payment goes to those who need it the most.
Eligibility Criteria:
- Age Requirement: Seniors must be aged 65 or older as of September 2024.
- Residency Requirement: The recipient must be a resident of Canada or a legal citizen.
- OAS Recipients: The extra payment is only available to individuals who are already receiving the regular Old Age Security (OAS) payments.
- No Income Limit: There is no specific income limit for receiving the extra payment, making it accessible to all OAS recipients.
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OAS Payment Schedule and Regular Payment Information
In addition to the extra $1400 payment, regular OAS payments are made on a monthly basis. Here’s a quick look at the OAS payment schedule for the remainder of 2024:
| Month | Payment Date |
| January 2024 | January 29, 2024 |
| February 2024 | February 27, 2024 |
| March 2024 | March 26, 2024 |
| April 2024 | April 26, 2024 |
| May 2024 | May 29, 2024 |
| June 2024 | June 26, 2024 |
| July 2024 | July 29, 2024 |
| August 2024 | August 28, 2024 |
| September 2024 | September 25, 2024 |
| October 2024 | October 29, 2024 |
| November 2024 | November 27, 2024 |
| December 2024 | December 23, 2024 |
How to Claim the Extra $1400 OAS Payment
- Visit the Official Website: Go to the official Canada Revenue Agency (CRA) website by clicking on www.canada.ca.
- Create an MSCA Account: On the homepage, find the option to create your ID and password under My Service Canada Account (MSCA). Follow the prompts to set up your account.
- Log in to MSCA: After creating your MSCA account, log in with your newly created credentials.
- Select the OAS Program: Once logged in, find and click on the option for the Old Age Security (OAS) program.
- Fill in Your Identification Details: Complete the form by providing all the required personal identification details.
- Review Your Information: Carefully check all the information you have entered to ensure accuracy.
- Submit the Form: After verifying the details, click on the Submit button.
- Wait for Department Verification: The CRA will verify the information provided.You will receive a notification about when you will start receiving your payments directly into your bank account.
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Facts Check: What You Need to Know
There have been discussions surrounding the extra OAS payments, leading to some confusion. Below are the facts you need to be aware of regarding the $1400 OAS payment in September 2024:
- It is a One-Time Payment: The $1400 is an extra, one-time payment that will be delivered in addition to the regular OAS payments.
- No Application is Necessary for Current OAS Recipients: If you are already receiving OAS, you do not need to apply separately for the extra $1400.
- Eligibility is Based on Age and Residency: Only Canadian residents aged 65 and older are eligible for the extra payment.
- Automatic Payment: The CRA will automatically transfer the $1400 to eligible recipients’ bank accounts in September 2024
Conclusion
The extra $1400 OAS payment in September 2024 provides additional financial relief to Canadian seniors amid rising living costs. Eligible individuals aged 65 and older who are already receiving OAS will automatically receive the extra payment. This initiative, spearheaded by the CRA, highlights the government’s commitment to supporting seniors across the country.
If you are a senior and not yet receiving OAS, ensure you apply to receive both regular and extra payments. For more details, visit Canada.ca or contact your nearest Service Canada office.
Frequently Asked Questions (FAQs)
1. When will I receive the extra $1400 OAS payment?
The extra $1400 OAS payment will be deposited into your bank account in 25 September 2024, on the third last business day of the month.
2. Who is eligible for the extra $1400 OAS payment?
To be eligible, you must be aged 65 or older, a resident or citizen of Canada, and currently receiving the regular OAS payments.
3. Do I need to apply for the extra payment?
No, if you are already receiving OAS payments, the extra $1400 will be automatically added to your regular OAS payment for September.