$2300 Extra Old Age Security from CRA in July 2024 – Only these people will get this, Check Eligibility

Written byPraveen Singh

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Canada Revenue Agency and the government of Canada offer Old Age Security Pensions to all eligible applicants who are 65 years old or older. The country is currently facing a high cost of living which is making it difficult for the residents of the country to adjust. It especially includes beneficiaries who come under the senior citizen category and cannot work anymore.

It is expected that the eligible beneficiaries will receive $2300 Extra Old Age Security from CRA in July 2024. Please note that these just speculation and official confirmation is yet to be made by government officials. Scroll down the page and get the latest updates related to the eligibility criteria, payment amount and more.

$2300 Extra Old Age Security from CRA in July 2024 – Only these people will get this, Check Eligibility

$2300 Extra Old Age Security from CRA

The extra amount will help beneficiaries financially a little. Please note that individuals will not have to enrol themselves to get the CAD 2300 Extra OAS Benefit from CRA. The officials automatically enrol OAS beneficiaries according to information about the applicants available in Service Canada. However, if the applicant did not receive the letter regarding the enrollment of OAS pension the month after they turned 64 years old, then they will have to manually apply for it.

Most retirees are solely dependent on the Old Age Security Amount to fulfill their basic needs. $2300 Extra Old Age Security from CRA will help them a lot and provide some ease in adjusting to the high cost of living. Once, the officials confirm this news, we will update the information here.

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Eligibility Criteria to Get the CAD 2300 Extra OAS Benefit

The following section can be used by the readers to ensure the eligibility criteria. The eligibility criteria must be fulfilled. Or else, they will not get the benefit. The following is the table showing the required $2300 Extra Old Age Security Eligibility Criteria:

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For People Living Outside Canada1. Individuals must be at least 65 years old or older.
2. They must have citizenship of Canada or be legal residents of Canada on the day before they leave Canada.
3. Candidates should be residing in Canada for a minimum of 20 years since they are 18 years old.
Canadians working outside Canada for Canadian employers1. Beneficiaries must have returned to Canada within 6 months of completion of the employment.
2. Applicants who turned 65 years old while still employed and maintained a residence in Canada during their time outside of Canada.
For People Living in Canada1. Individuals should be at least 65 years old or above.
2. Applicants should be citizens of Canada or legal residents at the time the OAS pension application is approved.
3. Candidates must be residing in Canada for a minimum of 10 years from the age of 18.

Old Age Security Pension Payment Dates

Readers can now learn when will they get the payment from each month of the 2024 tax year. The following is the table showing Month-Wise www.canada.ca Old Age Security from CRA Payment Dates:

MonthsPayment Dates
JanuaryJanuary 29, 2024
FebruaryFebruary 27, 2024
MarchMarch 26, 2024
AprilApril 26, 2024
MayMay 29, 2024
JuneJune 26, 2024
JulyJuly 29, 2024
AugustAugust 28, 2024
SeptemberSeptember 25, 2024
OctoberOctober 29, 2024
NovemberNovember 27, 2024
DecemberDecember 20, 2024

Payment Amount of www.canada.ca Old Age Security from CRA in July

The officials have made some changes in the payment amount of OAS which is offered to eligible beneficiaries. The officials have increased the amount to some extent. The new payment is applicable between July to September 2024. The following is the table showing payment amount details:

AgeMaximum Monthly AmountRequired annual net world income in 2023
65 to 74$718.33Less than $142,609
75 and over$790.16Less than $148,179

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Frequently Asked Questions

When will the beneficiaries get the $2300 Extra Old Age Security from CRA?
Please note that the officials have not yet confirmed that extra payment news. Therefore, a particular date cannot be provided. The beneficiaries will soon get the extra payment once the officials confirm the news.

How to apply for the CAD 2300 Extra OAS Benefit from CRA?
Individuals who did not get the OAS letter even after they turn 64 years old must visit the official website of the government of Canada. Log into the portal and get access to the OAS Application Form. Submit the same to become eligible for the OAS benefits.

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