Old Age Security payments for October go out soon — Here's how much you can get

As October marches on, it’s time for another round of government benefit payments for Canadians, including payments from the Canada Pension Plan and Old Age Security.Old Age Security (OAS) is a monthly pension provided by the federal government to Canadians aged 65 and older. It’s a key way the feds aim to help seniors cover their living expenses.The OAS payment for October 2024 is coming next week, giving eligible seniors a financial boost to help with their monthly bills.What’s more, the Old Age Security October amount will be slightly higher than last month’s payment. That’s because the government increases OAS payment amounts quarterly to keep up with inflation.If you’re unsure about your eligibility, it’s worth looking into the requirements for benefit payments like this one, as some may be automatically enrolled, while others need to apply. Here’s a breakdown of how Old Age Security works, who qualifies and how much you could get in your October payment.

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