Canada December 2024 OAS, CPP, GIS Payments: Eligibility, Amounts, and Key Dates

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Canada’s senior population heavily depends on essential government programs like Old Age Security (OAS), Canada Pension Plan (CPP), and Guaranteed Income Supplement (GIS) to maintain their financial stability. In December 2024, several crucial payments, including figures like $1200, $100, and $800, are set to be distributed to eligible recipients. Understanding these payments, their eligibility criteria, and payment dates is vital to ensure you receive the benefits you’re entitled to.

In this article, we’ll outline the details of these December 2024 payments to ensure everyone, whether a seasoned beneficiary or a first-time recipient, can navigate the process with ease.

Details of OAS, CPP, and GIS Payments in December 2024

BenefitEligibilityPayment AmountPayment Date
Old Age Security (OAS)Canadian residents aged 65+Up to $800.44December 20, 2024
Canada Pension Plan (CPP)Contributors to CPPAverage: $760.07, Maximum: $1,306.57December 20, 2024
Guaranteed Income Supplement (GIS)Low-income OAS recipientsUp to $1,086.88December 20, 2024

December 2024 is set to be a key month for Canadian seniors relying on OAS, CPP, and GIS. By knowing the eligibility requirements, payment dates, and application steps, you can ensure that you receive the benefits you deserve.

These programs are critical in providing financial support to seniors, and this guide will help you stay informed about how to access these essential resources.

Understanding OAS, CPP, and GIS Payments

What is Old Age Security (OAS)?

OAS is a monthly benefit provided to Canadian citizens or legal residents aged 65 and older who meet the residency requirements. It is a core part of retirement income in Canada.

  • Payment Amounts in December 2024:
    Seniors between 65 and 74 can receive up to $727.67 per month, while those 75 and older can receive up to $800.44.
  • Eligibility:
    To qualify, you must have lived in Canada for at least 10 years after turning 18.

The Role of the Canada Pension Plan (CPP)

The CPP is a contributory program that replaces a portion of your income after retirement based on your contributions during your working years.

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