The Canadian Government initiated an Extra Help for Old Age Security Recipients in 2024. This one time extra help of $3300 will solve many financial problems of old or retired citizens. This extra help will provide financial security to aged individuals in their Golden Years of life. This is a small initiative of the Government towards seniors as a responsibility. What do you think when this extra help will be paid? Will this really pay off or is it just a rumour? We will see every single detail for this $3300 Extra Help for OAS In August 2024. We will check who becomes beneficiaries for this extra help? Check the post for reality and facts.
$3300 Extra Help For OAS In August 2024
Old Age Security is one of the vital pension programs for the aged or senior citizens. This program is only made by the Government for the cash assistance for senior individuals. This program provides the funds monthly to aged people who can’t earn high in their last ages. In 2024, this extra $3300 for OAS recipients will be exciting and this can eliminate the requirement of funds for rent, housing, food, healthcare and many more. In this post we provide all the necessary details regarding the $3300 Extra Help for OAS In August 2024 covering Eligibility, age restrictions, income limits, payment amount and payment dates.
$3300 Extra Help For OAS Coming Soon- Overview
| Title | $3300 Extra Help For OAS In August 2024 |
| Year | 2024 |
| Month | August |
| Country | Canada |
| Name of the Agency | Canada Revenue Agency |
| Name of the Payment | Old Age Security |
| OAS Eligibility 2024 | Old or Aged Canadian Citizens |
| Objective | Financial Aid |
| $3300 OAS Payment Date 2024 | Check Post |
| Mode of Payment | Direct Deposit or Cheque |
| OAS Payment Amount 2024 | $718.33 or $790.16 |
| Frequency of Payment | One Time Payment |
| Category | Finance |
| Official Web Portal | www.canada.ca |
Canada OAS Eligibility 2024
As of now this $3300 Extra Help for OAS is not confirmed or approved by CRA. The $3300 Extra Help For OAS Eligibility 2024 will be based on the regular conditions for OAS. We will see the eligibility based on the factors such as age, number of years to live in Canada, residency and income. Well the OAS Payments are monthly but this extra payment for help will be given for one time. This one off OAS payment extra help will be given to the citizens who qualify the following requirements:
- Sixty Five Years is the required age to qualify for this extra help payment.
- Canadian Legal Residency or Citizenship is the must condition for the $3300 Extra Help.
- The resident must live in Canada for ten years.
- If the resident works for a Canadian Employer outside the country then the OAS can be received but the condition is that the Canadian Employee must return back before six months and proofs such as employment, returning to Canada are required.
- The extra payments can be given for the survivors, if they qualify the requirements.
- The income limits for this $3300 Extra Help For OAS is given in the below table. This annual earning limit is based on the age of the resident. Check your annual earning limits for the qualification:
| Age of the Canadian Citizen | Annual Income Limit |
| 65 Years – 74 Years | $142,609 |
| 75 Years and Over | $148,179 |
$3300 OAS Payment Date 2024
Well this $3300 Extra Help For OAS is not confirmed or Approved. This Extra Help news has no official notification. But we can assume the payments for this $3300 Extra Help will be the same as the regular OAS Payment schedule date. We will see the regular distribution plan for the Old Age Security Pension for 2024.
| Month | $3300 OAS Payment Date 2024 |
| January | 29th |
| February | 27th |
| March | 26th |
| April | 26th |
| May | 29th |
| June | 26th |
| July | 29th |
| August | 28th |
| September | 25th |
| October | 29th |
| November | 27th |
| December | 20th |
OAS Payment Amount 2024
Well the regular monthly amount for the OAS pension is low as compared to the one off extra help. The payment amounts may depend on the age of the resident and the income of the resident. Here we can see the payment amounts are regular and one time amounts in August 2024.
| Age of the Canadian Citizen | Annual Income Limit | Regular OAS Payment Amount 2024 | One Time OAS Payment Amount 2024 |
| 65 Years – 74 Years | $142,609 | $718.33 | $3300 |
| 75 Years and Over | $148,179 | $790.16 | $3300 |
FAQ Related To $3300 Extra Help For OAS In August 2024
Yes, there is no automatic registration for OAS extra help. Applications will be released once notification for OAS Extra Help is released.
Yes, the resident needs to have a minimum age of Sixty Five Years for $3300 OAS Extra Help.
As of now this news is part of rumours. No notification or approval is given by authorities regarding $3300 OAS Extra Help.
John Wick is a Media and Finance editor, passionate about writing and editing content related to finance and taxes. He has achieved dual degree in Mass Media and Finance From one of the top universities in the World. He is keen to learn new things and changes which take place in the world of Finance and stocks.