How Much Will Social Security Increase 2024 In Canada. Lawmakers take aim at credit card debt, interest rates, fees. If you are or will be 75 years old or older in june 2022, you will get an automatic 10% increase of your old age security pension starting in july 2022.

The canadian government has announced a 10% increase to the old age security (oas) pension for seniors aged 75 and over, starting in july 2024. According to the government of canada, the maximum oas pension amount for january to march 2024 is $713.34 for seniors aged 65 to 74, and $784.67 for seniors aged 75 and over².