The OAS benefits for 2026 are designed by the government of Canada as pension assistance for eligible senior citizens. The amount of OAS benefits is increased on a quarterly basis according to the consumer price index to keep pace with the inflation. From January 2026 the average amount of OAS benefits for qualifying senior citizens between the ages of 65 and 74 will be $742 Old Age Security Benefit January 2026. Senior citizens who are over the age of 75 will receive a total of $816.54.
The OAS payment amount will be increased with the consumer price index adjustment by 0.3%. After the latest adjustments, the payments will be increased slightly by $742.31 for senior citizens between the ages of 65 and 74. Meanwhile, those who are over the age of 75 will receive a total of $816.54. Those who are already eligible for the payments in 2025 will receive automatic benefits directly into their bank accounts without applying separately.
$742 Old Age Security Benefit January 2026
The $742 Old Age Security Benefit January 2026 will be released on January 28, 2026 with a 0.3% increase in reference to the consumer price index. The maximum amount of OAS benefits from January 2026 will be $816.54 meanwhile the average amount will be $742.31. Those who are new to the benefits must be over the age of 65, must have lived in Canada for over 10 years after the age of 18. You must be a resident of Canada and a long-term resident.
$742 OAS Benefit For Seniors
| About | $742 OAS Benefit For Seniors |
| Country | Canada |
| Authority | CRA |
| Category | Canada Finance |
| Year | 2026 |
| About | OAS |
| Eligibility | Over the age of 65, at least 10 year resident, low income |
| Amount | $742 |
| Payment dates | January 28, 2026 |
| More information | Official site of the CRA |
$742 OAS Benefit Eligibility Criteria
- You must be a legal citizen of Canada.
- The applicant must have lived in Canada for over 10 years after the age of 18.
- Those who live abroad must have lived over 20 years after the age of 18.
- You need to be over the age of 65 to qualify for the OAS benefits in Canada.
How To Claim $742 Old Age Security Benefit January 2026
- Those who want to apply for the OAS benefits need to first verify their eligibility.
- From the official site of the Canada Revenue Agency login using your MSCA.
- Gather all documents associated to your income, age, SSN, residency, etc.
- Fill out the OAS application with all your personal information.
- Attach the documents mentioned above for verification and submit your application.
OAS Payments Amount From January 2026
| 65-74 years | $742.31 |
| Over 75 years | $816.54 |
FAQs: $742 Old Age Security Benefit January 2026
What is the minimum payment amount of the OAS benefits from January 2026?
The minimum OAS amount from January 2026 will be $742.31.
What is the upcoming payment date of the OAS benefit for January 2026?
The upcoming payment date of OAS benefits from 2026 will be January 28, 2026.
What is the average increase in OAS benefits for January 2026?
The average increase in OAS benefits for January 2026 will be 0.3%.
