Bill C-261
2nd reading · Commons
An Act to amend the Old Age Security Act (amount of full pension)
This bill would increase Old Age Security (OAS) payments for seniors aged 65 to 74, bringing them up to the same level already received by seniors aged 75 and over.
Sponsor · Claude DeBellefeuille
What it means for you
Seniors between 65 and 74 — especially women living alone — would receive higher monthly OAS cheques, reducing a gap that currently exists compared to older seniors.
The debate · 3 points
Supporters say
- The bill would raise Old Age Security by 10% for seniors aged 65 to 74. In 2023, the government increased benefits only for those 75 and older, which supporters say creates two unequal classes of seniors.
- Old Age Security has lost ground against wages. It was about 20% of the average industrial wage in 1971 and is about 12% today, so seniors' purchasing power has eroded as rent and food costs rise.
- The bill would let seniors earn up to $1,500 more in employment income without reducing their guaranteed income supplement. This would help those who want to keep working, including isolated seniors, increase their income.
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