Canada Old Age Security (OAS) and Guaranteed Income Supplement (GIS)
Canada's Old Age Security (OAS) pension is a non-contributory, tax-funded monthly payment available to Canadians aged 65 and older who meet residency requirements. As the largest single program in the Canadian federal government, OAS provides a basic income floor to over 7 million recipients, with maximum monthly payments of approximately CAD $727.67 for those aged 65–74 and CAD $800.44 for those 75 and older. The Guaranteed Income Supplement (GIS) adds up to CAD $1,086.88 per month for low-income single seniors, bringing combined OAS and GIS benefits to approximately CAD $1,814 per month for the lowest-income individuals.
