Why it's trending
The OAS payment is trending because the July 2026 payment, which includes a 1.2% increase, lands on Wednesday, July 29. Canadian seniors are checking their bank accounts for the boosted amount, and media outlets are publishing details about the adjusted maximums and eligibility thresholds.
Old Age Security (OAS) payments for July 2026 are being deposited on Wednesday, July 29, with a 1.2% increase for the July to September quarter, according to Service Canada. The maximum monthly amount for recipients aged 65-74 rises to $751.97, while those 75 and older can receive up to $827.17. The increase is based on the Consumer Price Index and is the largest quarterly adjustment since October 2024.
OAS is not based on employment history but on residency, age, and income. For the July payment, eligibility requires recipients to be at least 65, a Canadian citizen or legal resident, and to have resided in Canada for at least 10 years after age 18. The payment amount is reduced for higher-income seniors via a 'clawback'; for 2025 tax year, the threshold is $93,454 for reduced payments, and full clawback occurs for incomes above $152,062 (65-74) or $157,923 (75+).
The Canada Pension Plan (CPP) payment is also sent on July 29 but does not increase, as CPP is adjusted annually in January. OAS payments are reassessed quarterly. The 1.2% increase brings OAS growth to 2.3% since July 2025. Canada's annual inflation rate was 2.8% in June 2026, down from 3.2% in May.
The OAS benefit estimator is available online from Service Canada to help seniors calculate their exact payment. Next OAS payment after July is scheduled for July 29, 2026 (next year?), but the article states 'the next old age security payment is scheduled for July 29, 2026', which is likely a typo; however, we must attribute as given. Actually, the Global News excerpt says 'The next old age security payment is scheduled for July 29, 2026' which seems contradictory; we'll note the source. For now, the immediate payment is July 29, 2026.
Timeline
- OAS and CPP payments issued
Old Age Security and Canada Pension Plan payments are deposited or mailed to eligible Canadians. OAS includes a 1.2% quarterly increase.
- OAS payment increase in effect
OAS benefits increase by 1.2% based on CPI, raising maximums to $751.97 (65-74) and $827.17 (75+). This is the largest increase since October 2024.
- Previous largest OAS increase
OAS increased by 1.3% in October 2024, prior to the current 1.2% rise.
Questions people ask
How much is the OAS increase for July 2026?
The OAS payment increased by 1.2% for the July to September quarter. Maximum monthly payments are $751.97 for ages 65-74 (up from $743.05) and $827.17 for ages 75+ (up from $817.36).
Who qualifies for OAS?
To qualify, you must be at least 65 years old, a Canadian citizen or legal resident at the time of approval, and have resided in Canada for at least 10 years after turning 18. Income affects the amount but not eligibility.
When will I receive my OAS payment?
Payments are made monthly. The July 2026 payment lands on Wednesday, July 29, via direct deposit or mail.
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