Cost of Living Amounts for all Seniors receiving OAS Benefits. Subsequent to the increase in the Consumer Price Index, OAS benefit for seniors over 75 increased by 2.8% for the July to September 2022 quarter. The CPI is a measure of the rate of price change for goods and services bought by Canadian consumers. A review occurs 4X a year.
Seniors Receiving OAS Benefits Get A Raise
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That is great unless you are low income and under 75. As if 65 to 75 are fine.
CORRECTION The cost of living increase of 2.8% to OAS payments for the July to September quarter is for ALL OAS recipients, not just for those 75 yrs as may have been implied in the above article.