$1,350/Monthly Extra Deposit For OAS July 2024: Check Who Is Eligible?

There have been relevant announcements about the Old Age Security deposit given by the government of Canada. Yet there are no specific announcements about the $1,350/Monthly Extra Deposit For OAS July 2024. There have been no announcements about this specific amount but the OAS monthly income is confirmed. The average payments for Old Age Security benefits are distributed on a monthly basis every year. This average payment amount for OAS distributed to the elderly citizens of Canada falls around $956. If you match all the terms and conditions mentioned into the $1,350/Monthly OAS Deposit Eligibility 2024 you can at least get the average $956 payment. It is crucial for people to deeply understand that the payment dates may change with time. The amount of payments are adjusted regularly by the CRA depending upon the Consumer Price Index (CPI) Which affects the rate of inflation. If you have any queries related to the OAS payments for July 2024 you can seek information from the official website of the CRA www.canada.ca.

$1,350/Monthly Extra Deposit For OAS July 2024

$1,350/Monthly Extra Deposit For OAS July 2024

The OAS Payments for 2024 have been adjusted according to the consumer price index so that people are able to keep pace with increase in inflation rates. Moreover, the eligibility criteria is based upon the fact that only needy people can take advantage of this program. The OAS comes with additional supplements for all its eligible candidates that offers Guaranteed Income supplements and monthly allowance for people who are over the age of 60 and 65 and a partner or spouse who is already receiving the OAS monthly benefits. Recently, it was heard in news that $1,350/Monthly Extra Deposit For OAS July 2024 will be released by the authorities but it is not true because no such information is available on the official website. The amount mentioned above is not yet confirmed by the CRA. Moreover, these monthly OAS benefits are taxable payments, hence, people taking benefits under these programs should be regularly paying their tax returns under the government of Canada. 

$1,350/Monthly Extra Old Age Security Payment 2024

Program$1,350/Monthly Extra Old Age Security Payment 2024
Government Canada
Authorities Canada Revenue Agency
Name of the program Old Age Security 2024
Year 2024
Eligibility criteria 60/65 years and above, Legal Residents
Frequency of payment Monthly 
Estimated payments$1,350
Average Payments$956
Payment DatesJuly 2024
CategoryFinance
Official website www.canada.ca. 

$1,350/Monthly OAS Deposit Eligibility 2024

  • The $1,350/Monthly OAS Deposit Eligibility 2024 are structured by the CRA to take care of the fact that only deserving candidates are served with the opportunity to apply for the OAS benefits. Although the payment amount is not yet specific, the eligibility criteria is clearly mentioned on the official website of the CRA as well.
  • The candidates trying to apply into the OAS 2024 should be a Canadian citizen and permanent resident of the country. 
  • People who come under the Refugee protection act as immigrants or protected people.
  • You should have lived in Canada for at least ten years after you turned 18.
  • You should be low on annual income and be a regular taxpayer.

Claim $1,350/Monthly Extra Deposit For OAS July 2024

Follow the instructions below to Claim $1,350/Monthly Extra Deposit For OAS July 2024.

  • Visit the online portal of the CRA and login into your MSCA.
  • Once you are able to login/signup then you can easily navigate for your application for the OAS pension plan.
  • Fill up the application form and make sure to attach all your documents as proof.
  • Submit your OAS application on the official website of the CRA and wait for your response.

$1,350/Monthly Extra OAS Deposit Dates 2024

The payment dates for OAS in 2024 haven’t been officially announced by the Canadian government or any other authority yet. Based on the latest reports, the expected dates are listed below. Please note, these dates are not confirmed and may change before the payments are made.

Month$1,350/Monthly Extra OAS Deposit Dates 2024
June 202426 June 2024
July 202427 July 2024
August 202428 August 2024

$1,350/Monthly Extra Deposit For OAS July 2024 – Fact Check

The information mentioned above in this content regarding the $1,350/Monthly Extra Deposit for OAS for July 2024 is based on the latest available reports and should not be taken as completely accurate or true. The payment dates, amounts, and eligibility criteria mentioned have not been officially confirmed by the Canadian government or any other concerned authority, including the Canada Revenue Agency (CRA). All details here are subject to minor change and should not be relied upon by anyone.

While we come with a goal to provide accurate and up-to-date information, the actual OAS payment amounts and dates may differ due to adjustments by the CRA based on the Consumer Price Index (CPI) and other factors affecting inflation rates. Recipients are advised and requested to regularly keep checks upon the official CRA website. This article does not guarantee any specific payment amount or date and should not be used as the sole basis for financial planning. 

FAQs On $1,350/Monthly Extra Deposit For OAS July 2024 

What is OAS?

OAS is also known as the Old Age Security Pension offered under the government of Canada for common and low income people.

What are the Confirmed payment dates for OAS 2024?

The payment dates are always available on the official website of the CRA but they might change accordingly.

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