Folder · 4 letters
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Re:
OAS & GIS
Old Age Security and the Guaranteed Income Supplement: the enrolment letter, the deferral choice, the increase at 75 and the yearly renewal.
Enclosed in this folder
4 enclosedEncl. 1Why some people get OAS automatically and others get a letter asking them to apply
Around the 64th birthday, one of two letters arrives. Which one you get depends on what Service Canada already knows about you.
Encl. 2What waiting to start OAS adds for each month you delay
Each month past 65 adds 0.6%, up to 36% at 70. The arithmetic is simple; the catch is that the GIS is not paid while you wait.
Encl. 3The OAS increase at 75 that many people only notice on a statement
Since July 2022 the pension rises by 10% the month after the 75th birthday. Nobody has to apply, which is exactly why it goes unnoticed.
Encl. 4Why the GIS depends on filing a tax return every year
The Guaranteed Income Supplement is renewed from your return, not from a form. Miss April 30 and the July letter can bring a pause instead of a renewal.