Canadian seniors who rely on the Old Age Security (OAS) program can now mark their calendars, as the government has released the **first OAS payment date for 2026**. The OAS pension forms a key part of retirement income for millions of Canadians aged 65 and over, and any changes to dates or eligibility impact seniors in major ways.
According to recent government updates, the first OAS payment of 2026 is scheduled for **January 29, 2026**. Along with this announcement, there are new details about changes to eligibility thresholds, clawback amounts, and benefit adjustments that will affect recipients in both positive and negative ways. These updates reflect the government’s effort to address inflation, longevity, and demographic changes impacting Canada’s aging population.
Here’s a comprehensive breakdown of what Canadian seniors can expect from the OAS in 2026, including eligibility criteria, benefit calculations, payment dates, and how to apply or adjust your information if necessary.
Key dates and OAS updates at a glance
| Event | Date / Details |
|---|---|
| First OAS Payment Date (2026) | January 29, 2026 |
| Next Scheduled Payment After January | February 26, 2026 |
| Annual Clawback Threshold (Net income) | $90,997 (estimated) |
| Full OAS Benefit (age 65–74) | $713.34/month (subject to quarterly indexing) |
| Full OAS Benefit (age 75+) | $784.67/month (subject to quarterly indexing) |
| Clawback Start Age | 65 years |
What changed this year
Several key updates will take effect in 2026 for the OAS program, most notably the **adjusted clawback threshold**, a potential **mid-year benefit increase**, and updates to the **Guaranteed Income Supplement (GIS)** that affect low-income seniors. While these updates continue the government’s response to inflation, they also reflect the wider economic realities faced by seniors during retirement.
The **income recovery threshold**, commonly known as the OAS clawback, is expected to increase to an estimated $90,997. Individuals whose annual net income exceeds this amount will see their OAS payments gradually reduced at a rate of 15 cents for every dollar above the threshold. This is up from $87,645 in the previous year, providing more room before the clawback begins.
Additionally, if inflation continues at anticipated rates, seniors may see a **quarterly cost-of-living increase** in their OAS payouts starting in April or July 2026.
We expect to see upward adjustments to OAS payments in 2026 just like we did in previous years, as the Consumer Price Index continues to rise.
— John White, Canadian Pension Analyst
Who qualifies and why it matters
Old Age Security is available to all legal residents of Canada aged 65 or older who meet certain residency and income eligibility requirements. To qualify for full OAS benefits, you must have resided in Canada for at least 40 years after the age of 18. Those with fewer years of residency may receive a prorated benefit depending on the number of years lived in Canada.
Canadian citizens living outside the country may still qualify, provided they meet the minimum 20-year residency requirement after age 18. While the OAS is a non-contributory pension—meaning you don’t pay directly into it like the CPP—it is still considered taxable income, and recipients are subject to deductions if their income exceeds the clawback threshold.
OAS matters tremendously for low- and fixed-income seniors. It can total between **$8,560 and $9,416 annually** and serves as an essential base layer of Canada’s retirement income system, complementing the Canada Pension Plan (CPP), private pensions, savings, and the GIS for those who qualify.
Breakdown of 2026 OAS payment dates
OAS payments are disbursed on a monthly basis. Based on the government’s latest schedule, here are the **tentative OAS payment dates for 2026:**
- January 29
- February 26
- March 27
- April 28
- May 27
- June 26
- July 29
- August 27
- September 26
- October 29
- November 26
- December 23
Be sure to check your direct deposit account or mailbox near these dates. Payments typically show up faster if you are signed up for direct deposit through your CRA account.
Winners and losers from the 2026 OAS changes
| Group | Impact |
|---|---|
| Low-income seniors aged 75+ | Benefit increase up to $784/month plus GIS top-up; inflation protection |
| Middle-income seniors (<$90K/year) | Full OAS without clawback; potential COLA increases |
| High-income seniors ($91K+) | Reduced or eliminated OAS due to clawback |
| Seniors with under 10 years in Canada | Limited or no access to OAS unless eligibility rules met |
How to apply step-by-step
If you are nearing age 65, the application process for OAS is relatively straightforward. Here’s how to make sure you don’t miss out:
- Watch for your automatic enrollment letter. Many Canadians are auto-enrolled, but not all.
- If you don’t receive a letter by three months before your 65th birthday, apply manually through your CRA account or Service Canada.
- Provide updated proof of residency or income if requested.
- Ensure your direct deposit information is current to receive payments without delays.
Processing times can vary. Apply at least 6 months before your planned start month to ensure timely first payment. If you want to defer your OAS (up to age 70) to receive a higher monthly amount, you can also request this in your application form.
Delaying your OAS benefits can increase your monthly payment by up to 36% if you wait until age 70.
— Sarah Chung, Retirement Planner
How OAS compares with the CPP
The Old Age Security program differs significantly from the Canada Pension Plan (CPP). While CPP is a contributory pension based on your working income and years of contributions, OAS is a non-contributory, residency-based program funded by general tax revenues.
Most retirees receive both CPP and OAS, and these benefits complement each other. Importantly, while CPP is not subject to clawback, the OAS clawback can start to eat into your income once you pass certain income levels, making retirement planning essential for middle- and high-income earners.
Short FAQs about 2026 OAS updates
When is the first OAS payment in 2026?
The first OAS payment for 2026 is scheduled for **January 29, 2026**.
What is the OAS clawback threshold for 2026?
Seniors with net annual income above **$90,997** will see their OAS payments reduced gradually due to the clawback.
How much can I receive from OAS in 2026?
As of current estimates, seniors aged 65–74 can receive up to **$713.34/month**, while those aged 75 and older can get **$784.67/month**, subject to quarterly inflation adjustments.
Can I defer my OAS to get more later?
Yes, you can defer receiving OAS up to age 70, gaining 0.6% per month delayed, or a maximum of 36% by age 70.
How do I ensure I get paid on time?
Make sure your direct deposit details and personal info are up to date with Service Canada. Monitor your mail for automatic enrollment letters or apply online.
Who is most affected by the OAS changes?
Seniors with high retirement income may lose part or all of their OAS due to clawback. In contrast, low-income seniors benefit most through full OAS and GIS top-ups.