The federal government of Canada is providing various kinds of financial assistance to those citizens who are suffering from low income and unable to manage their basic expenses. OAS is one of them and through which millions of seniors in Canada are receiving financial help. If you are 65 years old or above can apply for this Old Age Security Program to receive some financial assistance. The Department of Canada Revenue Agency has announced the OAS July 2024 Payment Date and eligible applicants can receive this amount on 29 July 2024. In this article, you will get to know the complete details of the OAS Payment July 2024 as well as OAS Eligibility, payment amount, and others.
OAS Payment Dates July 2024
After the COVID-19 Pandemic, many citizens lost their source of income and hit the poverty line, which affected the economy of Canada. To overcome the poverty line, the Canadian government started providing monthly financial assistance to those citizens who need it the most. Through Old Age Security Payment 2024, the Canadian government wants to deliver better lives for each Canadian to meet their basic needs of survival.
The Canadian government has approved OAS Monthly Assistance, to those citizens who successfully registered themselves under OAS Program with Eligibility. If you are continuously waiting for the July 2024 OAS Payment then this article will allow you to gather the updates. According to the latest updates, citizens who are 65 to 74 will receive $718.33 and those who are 75 and above will receive $790.16 in July 2024 Month. To gather more updates about this OAS July Payment 2024, need to read the following sections.
OAS July 2024 Dates – Overview
| Article Title | OAS Payment Dates July 2024 |
| Department | Canada Revenue Agency |
| Country | Canada |
| Recipient | 65 or older citizens |
| Benefit Amount | 65 to 74: $718.33 75 to above: $790.16 |
| Payment Date | 29 July 2024 |
| Category | Financial Aid |
| Official website | Canada.ca |
OAS Eligibility 2024
To be an eligible citizen, and receive the OAS Payment 2024 are required to meet the Old Age Security Eligibility Requirement 2024. It is required to check the eligibility criteria before assuming yourself as a qualified citizen of any benefit amount. Senior citizens of Canada can check the below-mentioned requirements.
- Citizens must be 65 years old or above.
- Citizens should have permitted residency proof at the time of the OAS Claim.
- You must have 10 years of residency since you turn 18.
- If you are working outside Canada for Canada’s army or bank, you are required to two conditions to qualify for the OAS Payment.
- If you are working outside Canada, then you should have 20 years of residency in Canada since you turn 18.
- Citizens are required to submit some required documents for verification purposes.
Senior citizens are compulsory to fulfill the mentioned necessities, to be eligible for the OAS Monthly Payments. Once you fulfil all the standards, the CRA will consider you as eligible for the program. Through OAS, the Canadian government wants to deliver financial assistance to citizens who have a low source of income and are unable to manage their basic expenses.
OAS Payment Amount 2024
The CRA has upgraded the OAS Payment Amount from July to September 2024. Due to the increment in the CPI ratio, the Canadian Revenue Agency came up with the announcement of OAS Enhancement. From July Recipients of OAS, will be able to receive the increased amount of Old Age Security 2024. From January to March, the CRA was providing $713 to those (65 – 74 old citizens) and $784.67 to those citizens who are 75 and above but now the OAS Monthly Amount 2024 has been increased. Eligible citizens can see the below-mentioned OAS Payment Amount for July to September.
| Age | Maximum OAS Per Month | 2023 Annual must be |
| 65 to 74 | $718.33 | Less than $147,609 |
| 75 and above | $790.16 | Less than $148,179 |
The OAS Increase Payment 2024 will be determined by the Consumer Price Index and recipients may see changes in the Monthly OAS Assistance if CPI measures changes in the cost of living. Eligible seniors will receive the mentioned payment amount from July 2024 to September 2024. The Canada Revenue Agency changed the OAS in January, April, July, and October 2024, according to the Consumer price index ratio. For further queries, seniors can visit the official website.
OAS Payment Dates July 2024
Eligible citizens will receive the OAS July 2024 Payment on 29 July 2024. The Canada Revenue Agency has announced the OAS Scheduled for 2024. Citizens who successfully applied for the Old Age Security Payment will receive their OAS July Payment on above mentioned date. Senior, you all need to check the OAS Scheduled Dates 2024 on the authorized portal. individuals’ OAS Payment Amount in 2024 is based on the recipient’s annual net income and cost of living.
Recipients of OAS are eagerly waiting for their July 2024 OAS Payment, now their wait is over and eligible citizens will receive the amount on the scheduled date. The amount would be different for citizens according to their age. To know more updates, can check the below table.
| OAS Payment Months | OAS Benefit Dates |
| January 2024 | 29 |
| February 2024 | 27 |
| March 2024 | 26 |
| April 2024 | 26 |
| May 2024 | 29 |
| June 2024 | 26 |
| July 2024 | 29 |
| August 2024 | 28 |
| September 2024 | 25 |
| October 2024 | 29 |
| November 2024 | 27 |
| December 2024 | 20 |