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Are seniors over 75 getting extra money in Canada? Your Guide to Federal Benefits

As of July 2022, Canadian seniors aged 75 and older receive a permanent 10% increase to their Old Age Security (OAS) pension, a significant boost to support those in their later years. This government initiative addresses the rising cost of living and prompts the important question: are seniors over 75 getting extra money in Canada? Yes, and understanding the specifics of this increase and other available supports is crucial for financial planning.