Canada $3500 October Old Age Security Payment Coming for Seniors: Only these will get it, Payment, Eligibility, & Apply Process – LKO Uniexam.in

Old Age Security Payment Coming for Seniors: As the cost of living continues to rise, Canadian seniors are looking forward to the $3,500 Old Age Security (OAS) payment in October 2024. This one-time boost aims to help seniors cope with financial challenges, especially those on low or fixed incomes. In this article, we’ll break down who is eligible, how much you could receive, and how to apply for this significant benefit.Canada $3500 October Old Age Security Payment Coming for SeniorsCanada $3500 October Old Age Security Payment Coming for SeniorsTopicDetailsMaximum PaymentUp to $3,500 in October 2024EligibilityCanadians aged 65 and above, meeting residency and income requirementsPayment DateOctober 29, 2024Application ProcessMost seniors are automatically enrolled; others must apply via the Canada OAS PortalIncome Clawback ThresholdIncome exceeding $90,997 (2023) could lead to partial or full repayment of OAS benefitsGuaranteed Income Supplement (GIS)Additional support for…