No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Money

When do CPP and OAS pension payment increases happen around your birthday?

by TheAdviserMagazine
5 months ago
in Money
Reading Time: 1 min read
A A
When do CPP and OAS pension payment increases happen around your birthday?
Share on FacebookShare on TwitterShare on LInkedIn


OAS increase at age 75

In July 2022, there was a change made to OAS so that pensioners 75 and older receive a 10% increase in their pension payments.

The reason your pension did not change, Luis, is because the first increased payment occurs the month after you turn 75. So, you can expect to see an increase in your June payment.

The increase is automatic, so you do not need to worry about applying. It is not a one-time increase, either. It is a permanent 10% increase in your payments.

The maximum monthly OAS payment for the second quarter of 2025 for Canadians aged 75 and older is $800.44 for those who began their pension at age 65. To receive the maximum, your net world income for the 2023 tax year must have been less than $148,179.

Have a personal finance question? Submit it here.

Applying for CPP and OAS

When you first apply to begin your OAS or your Canada Pension Plan (CPP) payments, Service Canada provides guidelines for processing the application.

If you apply online, it generally takes less than two weeks. You can apply by registering for or signing into your My Service Canada Account.

If you mail in a paper OAS application or a paper CPP application, it can take up to four months to process.

When does OAS start?

An OAS pension can begin for Canadians as early as age 65. A CPP pension can begin as early as age 60.



Source link

Tags: BirthdayCPPHappenIncreasesOASPaymentpension
ShareTweetShare
Previous Post

What to expect when Lennar Corporation (LEN) reports Q2 2025 earnings results

Next Post

The Cover Story — Humira and Innovations in Biosimilar Strategies

Related Posts

edit post
The Grim Reality of Working in These 10 Professions

The Grim Reality of Working in These 10 Professions

by TheAdviserMagazine
October 24, 2025
0

Image Source: Shutterstock.comAre you stuck in a dead-end job? Do you feel like you have no room for growth, no...

edit post
How Men and Women Perceive Fairness in the Workplace As Parents

How Men and Women Perceive Fairness in the Workplace As Parents

by TheAdviserMagazine
October 24, 2025
0

oliveromg / Shutterstock.comFor many working parents, the idea of “balance” feels out of reach. Mothers report higher standards at work,...

edit post
Polyamory’s Secret Money Traps: How Multiple Partners Could Cost You Thousands (And How to Avoid Them)

Polyamory’s Secret Money Traps: How Multiple Partners Could Cost You Thousands (And How to Avoid Them)

by TheAdviserMagazine
October 23, 2025
0

Image source: Shutterstock. Love triangle on a couch, not thinking about money. Reporting on the subject of alternative relationships suggests...

edit post
Who you gonna trust: Barry Ritholtz or Jim Cramer?

Who you gonna trust: Barry Ritholtz or Jim Cramer?

by TheAdviserMagazine
October 23, 2025
0

The first can be regarded by retirees and those on the cusp of retirement as a must read: William Bengen’s A...

edit post
Retired and Lost: 12 Things Retirees Can Do to Ease Loneliness and Cut Real Health Risks

Retired and Lost: 12 Things Retirees Can Do to Ease Loneliness and Cut Real Health Risks

by TheAdviserMagazine
October 23, 2025
0

Image Source: Shutterstock Retirement promises freedom, but many older adults are surprised by the quiet that follows. Without daily work...

edit post
WEP/GPO Repealed—Now What? 6 Steps for Teachers, Firefighters, and Public Workers to Recheck Benefits in 2025

WEP/GPO Repealed—Now What? 6 Steps for Teachers, Firefighters, and Public Workers to Recheck Benefits in 2025

by TheAdviserMagazine
October 23, 2025
0

Image Source: ShutterstockFor decades, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced or eliminated Social Security benefits...

Next Post
edit post
The Cover Story — Humira and Innovations in Biosimilar Strategies

The Cover Story — Humira and Innovations in Biosimilar Strategies

edit post
New research challenges belief that taurine supplements support longevity

New research challenges belief that taurine supplements support longevity

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

0
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

0
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

0
edit post
Earnings Summary: Highlights of Freeport-McMoRan’s (FCX) Q3 2025 report

Earnings Summary: Highlights of Freeport-McMoRan’s (FCX) Q3 2025 report

0
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

October 24, 2025
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

October 24, 2025
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

October 24, 2025
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

October 24, 2025
edit post
Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

October 24, 2025
edit post
The Grim Reality of Working in These 10 Professions

The Grim Reality of Working in These 10 Professions

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Market Talk – October 24, 2025
  • Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks
  • Trump taps Michael Selig to lead CFTC: Bloomberg
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.