Old Age Security (OAS) Benefits are given monthly to Canadian seniors by the Canadian Government. These schemes are provided to give them financial relief so that they do not need to rely on anyone money-wise. The Canada Revenue Agency (CRA) stated that $1252 OAS Monthly Payments for Seniors could be announced soon. They must first fulfil the eligibility criteria related to age, residency status, etc. to receive these benefits. This initiative’s goal is to give their citizens a better standard of living. Senior citizens aged above 65 are eligible for this payment amount. As after retirement, they don’t have that much source of income.
For further information on the OAS $1252 Per Month Payment 2024 Eligibility and its payment dates, read this article.
OAS $1252 Per Month Payment for All Seniors
In 2024, the Federal government may announce an OAS $1252 Monthly Payment. Millions of Canadian Seniors would get the benefit out of it. Those Seniors who are already receiving the Old Age Security (OAS) benefits are automatically liable for this payment if they qualify for the eligibility criteria. Hence, they don’t have to apply for a $1252 OAS Payment separately. But those who aren’t receiving and want to receive it need to apply for the same. The government introduces these benefits to give relief to their citizens in this high inflation rate. As it becomes quite problematic to afford things. CPI also plays a very important role in it, as when its rates rise the benefit amount increases which will result in extra money.
The citizens will get a CAD 1252 OAS Monthly Payment soon. Once the government makes it official the beneficiary will get the benefit on their account. Or if they have opted for a cheque then they are requested to wait for a few business days more. The Canadian Government provides various benefits to its citizens, but Old Age Security Pension Payment is the most significant among them. As it helps a lot of citizens with low pay to cover their everyday expenses.
$1252 OAS Monthly Payment Overview
| Name of the Post | OAS $1252 Per Month Payment for All Seniors |
| Program | Old Age Security Pension Program |
| Beneficiary | Senior Citizens of Canada |
| Country Name | Canada |
| Category | Government Aid |
| Benefit Amount | CAD 1252 |
| Payment Date | Not Announced yet |
| Department Name | Canada Revenue Agency (CRA) |
| Official Website | canada.ca |
$1252 OAS Payment 2024- Eligibility Criteria
All Canadian seniors who are already getting Old Age Security Monthly Pension Payments are eligible to receive this OAS payment only if they meet the certain eligibility criteria mentioned below. The eligibility depends upon the individual’s age, residency status, etc. Those who satisfy all these requirements will get the $1252 OAS Payment 2024 in their accounts or in whichever way they have opted for.
- Recipient who wishes to receive a $1252 OAS Monthly Payment in 2024, must be above 65 age.
- The recipient must be an inhabitant of Canada or must be a legal resident there.
- After the age of eighteen, must have resided for a minimum of 10 years.
- The recipient needs to meet the department’s said income threshold.
- At the time of proof, the recipient needs to give their original documents.
Application Process of OAS $1252/ Month Payment 2024
Interested new recipients need to follow the below-specified procedure to apply for the OAS $1252/ Month Payment 2024. Those who are getting monthly OAS payments are not required to apply for it. They just have to meet the above-mentioned criteria.
- Go to the Official portal i.e. on canada.ca.
- Log in to your account.
- Under the Content section, navigate to the Old Age Security section.
- Fill in the mandatory particulars cautiously. Also, your Social Security Number (SSN).
- Attach the required documents and submit them.
Make sure that all the filled details and submitted documents are informed and correct. The authorities will verify your application only after looking at it thoroughly. You will get notified regarding the same. For the latest notifications, it is suggested to keep an eye on the authorized portal i.e. canada.ca.
CAD 1252 OAS Monthly Payment Updates 2024
The CAD 1252 OAS Monthly Payment will start to be distributed once the authorities announce the official dates. There is no information on payment dates right now. Due to the rising inflation rate in the country, the Canadian government has launched such benefits to help their country’s citizens. Citizens aged above 65 would be able to get the benefit of it after qualifying for the eligibility criteria. These OAS Monthly Payments 2024 help Canadian seniors meet their daily expenses. The government has set the eligibility requirements so that only people who are actually in need of it will get it.
For the latest updates, it is suggested to regularly check the official portal i.e. canada.ca. The Canada Revenue Agency is accountable for the dispersal of $1252 OAS Payments in 2024. Once the official dates come, they will provide the benefit to the eligible individuals on time. They will get the much-needed fiscal support.
Frequently Asked Questions For OAS $1252 Per Month Payment for All Seniors
As of now, there are no such updates on the payment’s official dates by Canada Revenue Agency. Hence, it is advised to always keep an eye on their official portal to get the latest updates regarding the same.
You can apply by submitting the form. But in case you are receiving Old Age Security then you would be eligible for it, and you just need to qualify for the above-mentioned eligibility.
She is a final-year student studying Finance and Business Administration at Simon Fraser University. Writing and conducting internet research on finance are her passions.