Retirement news

OAS benefits will increase 1.4% for October–December 2026

The adjustment also applies to GIS and the Allowances. RetireON will wait for the complete official payment table before changing calculator amounts.

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What is the news?

The Government of Canada has confirmed a 1.4% quarterly increase to Old Age Security, the Guaranteed Income Supplement, the Allowance, and the Allowance for the Survivor for October–December 2026.

Official update
August 17, 2026
Effective period
October–December 2026
Increase
1.4%

Who is affected?

People receiving OAS, GIS, the Allowance, or the Allowance for the Survivor. Actual payments depend on factors such as age, income, marital status, residency, and tax withholding.

What is the impact?

Eligible recipients should see the quarterly adjustment reflected in their October benefit. The 1.4% announcement confirms the percentage increase, but it does not replace the detailed government tables used to determine each program’s official maximums and income ranges.

RetireON calculator status: Calculators and benefit tables continue to use the official July–September 2026 amounts. We will update them when the complete October table is published; we are not substituting projected maximums.

What should you do?

You do not normally need to apply for a quarterly increase if you already receive the benefit. Review your October payment and contact Service Canada if an expected payment appears incorrect. Use the current published amounts for decisions until the new table is available.

Official source

General educational information only—not financial, pension, tax, or legal advice. Confirm payment amounts and eligibility with Service Canada.