2012 Federal Budget: Gradual Increase of the Age of Eligibility for OAS/GIS Program

Increase of the age of eligibility for the OAS

After weeks of rumours, the Federal Budget finally confirmed that the retirement eligibility age of the Old Age Security (OAS) program will change.

Starting on April 1, 2023, the age of eligibility for the OAS and the Guaranteed Income Supplement (GIS) benefits programs will gradually increase from 65 to 67, with full implementation by January 2029.  The Budget confirms that this will not affect people who are already receiving benefits under this program, but only people under the age of 54 as of March 31, 2012.

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