You heard it right for $2573 OAS Direct Payment 2024. In August 2024, this payment of $2573 will be provided against the cost of inflation. This payment will be made in mid of August 2024 as per various reports and claims. But how can we trust this without the official confirmation? Will this benefit be a part of a political stunt or this payment is really given? Let’s know the facts and truth for this. We will talk briefly about OAS and how this OAS works and when and how this old age payments are made? Who are the persons who get this security amount in 2024? All these essential details can be figured in this post.
$2573 OAS Direct Payment 2024
As these OAS Direct payments are the cash assistance payments which are intended to be made for the financial support of the senior citizens whose age is above 65 Years. These direct payments are received monthly for the general expenditures so that the seniors find it easy to survive in this inflationary world. This $2573 OAS Direct Payment 2024 is also provided against the inflation and the high rise living expenses in the country. As the seniors do not have any other income source in this old age, only some of the seniors can work and earn money, rest of the seniors only rely on the Government benefits. So this payment will help the seniors to acquire the essential resources such as housing, health care, medical facilities, food, transportation and clothing. In this post we will check the factual data for $2573 OAS payment in August 2024 covering its qualification requirements and the payment dates for upcoming months.
Old Age Security Benefit 2024- Overview
| Title | $2573 OAS Direct Payment 2024 |
| Year | 2024 |
| Country | Canada |
| Month | August |
| Name of the Payment | Old Age Security |
| $2573 OAS Direct Payment Eligibility 2024 | Old or Aged Seniors in Canada |
| Name of the Managing Agency | Canada Revenue Agency |
| Objective | Financial Aid |
| OAS Direct Payment Date 2024 | 12th August 2024 |
| Frequency of OAS Payment | Monthly |
| OAS Direct Payment Amount 2024 | $2573 |
| Mode of the Payment | Direct Deposit |
| Category | Finance |
| Name of the Official Web portal | www.canada.ca |
$2573 OAS Eligibility 2024
The applicant must meet the $2573 OAS Eligibility 2024 to be qualified for this enhanced direct payment. These qualifying conditions are contingent upon the number of limitations such as applicants age, residency status and length of stay in Canada. Check the following conditions to determine your qualification requirements. If the senior citizen meets these suitability conditions then they will receive $2573 direct payment.
- The candidate must be older than 65 Years in order to be eligible.
- The candidate must meet the conditions for residency by being a resident of Canada or a permanent citizen of Canada.
- The candidate needs to live in Canada for at least ten years and these years for the qualification must be computed starting from the eighteen age.
- The following list of income requirements applies to this $2573 Direct Payment:
| Senior Individual Age | Income Qualification Provisions |
| 65 Years till the age 74 Years | $142,609 |
| 75 Years or older | $148,179 |
$2573 OAS Direct Payment Date 2024
$2573 OAS Direct Payment Date 2024 is expected in August 2024. Some of the reports claim for the payment to be made on 12th August 2024. But how can we trust this without the official notification? As per our report this date is a mere speculation or this payment may be accurate. We can’t surely confirm this payment date but if this payment is true then soon CRA will issue a schedule for this payment. Until then we can only provide the regular direct payment schedule for old age security which was already provided by the CRA authorities at the starting of this year. Check the schedule below for upcoming months for 2024:
| Month for the Payment | Day of the Payment | OAS Payment Date 2024 |
| August | Wednesday | 28th |
| September | Wednesday | 25th |
| October | Tuesday | 29th |
| November | Wednesday | 27th |
| December | Friday | 20th |
OAS Direct Payment Amount 2024
As per some reports the OAS Direct Payment Amount for 2024 is $2573. Some of the reports claim this amount is true and verified. But we can’t surely rely on this amount. Here also we will check the amount for regular direct payment for OAS which depends on the earnings and the age of the senior individual.
| Senior Individual Age | Income Qualification Provisions | OAS Direct Payment |
| 65 Years till the age 74 Years | $142,609 | $718.33 |
| 75 Years or older | $148,179 | $790.16 |
FAQ Related To $2573 OAS Direct Payment 2024
Without Official Verification or without official notification we can’t confirm this payment of $2573 but some of the claims on the websites and news confirms this direct payment for OAS.
This OAS direct payment of $2573 will be distributed on 12th August 2024 as per various claims and reports but this payment date is not officially posted by CRA authorities.
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.