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Canada raises Old Age Security payments; maximums rise to $752 and $827

Canada raises Old Age Security payments; maximums rise to $752 and $827

Eligible Canadian seniors will see a small Old Age Security increase with this week’s payment, with the maximum rising from $743 to $752 and from $817 to $827 for higher-age recipients. Canada Pension Plan payments go out concurrently but remain unchanged until the annual January adjustment.

Original headline

Old Age Security payments getting a boost — maximum from $743 to $752, and $817 to $827 this week