The amount of Old Age Security (OAS) benefit paid to eligible Canadians is adjusted each quarter to take account of increases in the Consumer Price Index.

Based on recent increases to the CPI, the federal government has announced that, for the fourth quarter (October to December) of 2021, the basic OAS benefit paid will increase by 1.4%, to $635.26.

More information on OAS and related payments during the fourth quarter of 2021 is available at https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html.