Canadian seniors could receive up to $1,580 in Old Age Security (OAS) benefits in February 2026, according to the latest figures confirmed by Service Canada. This amount includes the base OAS pension and possible supplements like the Guaranteed Income Supplement (GIS), depending on income and household circumstances.
The payment, scheduled for deposit in late February 2026, plays a key role in supporting seniors facing mounting costs for food, housing, and healthcare. While not all recipients will receive the full amount, understanding who qualifies and how payments are calculated is essential for financial planning.
What Is Old Age Security (OAS)?
OAS is a monthly, taxable benefit for Canadians aged 65 or older. Unlike CPP, which depends on work history and contributions, OAS eligibility is based on age, legal residency, and years lived in Canada.
The program is administered by Service Canada and is designed to offer a baseline of retirement income, with additional supplements for lower-income seniors.
What Makes the February 2026 OAS Payment Up to $1,580?
While the base OAS pension is lower, the $1,580 figure reflects the maximum combined total that includes:
- Base OAS pension
- Guaranteed Income Supplement (GIS)
- Top-ups based on age (75+), income, or spousal status
Actual amounts depend on individual circumstances.
Read Also:
$500 Canada Housing Support Confirmed for Eligible Tenants: Income Rules and Deposit Details
February 2026 OAS Payment Schedule
- Expected Deposit Date: Late February 2026 (exact date typically falls on a weekday near month-end)
- Payment Method: Direct deposit (faster) or mailed cheque
Seniors should verify their direct deposit details with Service Canada to avoid delays.
Who Is Eligible for the February 2026 OAS Payment?
To receive OAS in February 2026, individuals must meet the following:
Age:
- Must be 65 years or older by the payment date.
Residency:
- Must be a Canadian citizen or legal resident.
- Must have lived in Canada for at least 10 years after turning 18.
- Full pension typically requires 40+ years of residency.
Income:
- Income influences supplementary benefits like GIS.
- High-income seniors may see reduced payments due to the OAS Recovery Tax (clawback).
OAS Payment Amounts – February 2026 Estimates
| Category | Estimated Monthly Amount |
|---|---|
| Base OAS (age 65–74) | ~$713 |
| Base OAS (age 75+) | ~$784 |
| GIS (single, low income) | Up to ~$1,065 |
| Maximum combined (OAS + GIS) | Up to ~$1,580 |
Note: Figures are adjusted quarterly based on inflation and may vary.
Automatic vs Manual Enrolment
Most seniors are automatically enrolled for OAS if they’ve received CPP or filed taxes. However:
- New residents or those turning 65 soon may need to apply manually.
- GIS must be renewed annually based on income.
Income Thresholds and the OAS Recovery Tax (Clawback)
For 2026, high-income seniors (earning above ~$90,000) may face reduced OAS payments due to the recovery tax.
- The clawback threshold adjusts annually.
- Seniors can opt to have tax withheld from OAS to avoid a year-end tax bill.
Why the February 2026 OAS Payment Matters
- It reflects new income assessments from the 2025 tax year.
- Occurs during winter months when heating and food costs are highest.
- Helps seniors plan finances for the rest of the year.
Practical Steps for Seniors
Check Your My Service Canada Account:
- Confirm payment status and amount.
File Taxes on Time:
- GIS and OAS top-ups depend on reported income.
Update Personal Info:
- Keep address and banking details current to avoid missed payments.
Contact Service Canada:
- Call or visit if you believe your payment is missing or incorrect.
OAS vs CPP: What’s the Difference?
- OAS is based on residency and age.
- CPP depends on your work history and past contributions.
- Most seniors receive both for complete income support.
The February 2026 OAS payment, potentially reaching $1,580, will provide crucial support to seniors across Canada, especially those with low or fixed incomes. While not everyone qualifies for the maximum, staying informed about eligibility, income thresholds, and application requirements ensures older Canadians receive their full entitlements.
Seniors are encouraged to keep tax and account information up to date and review their My Service Canada Account regularly to track deposits and benefit changes.
FAQs: February 2026 OAS Payment
When will the February 2026 OAS payment be made?
The payment is expected to be deposited in late February 2026, as per Service Canada’s schedule.
Who qualifies for OAS in 2026?
Canadians aged 65+, who are citizens or legal residents and have lived in Canada for at least 10 years since age 18.
How much can I receive?
The total OAS payment, including GIS and top-ups, may reach up to $1,580 per month, depending on income and age.
Is the $1,580 amount confirmed by Service Canada?
Yes. This represents the maximum combined monthly amount (OAS + GIS) as of early 2026.
Do I need to apply for OAS?
Most are automatically enrolled, but some may need to apply manually, especially newcomers or those not receiving CPP.
Will OAS affect my CPP or other benefits?
No. OAS is separate from CPP and GIS, though your total income can impact eligibility for supplemental benefits.
How can I check my payment or fix issues?
Log into your My Service Canada Account, or contact Service Canada by phone if you suspect a delay or error.
