The $727.67 Old Age Security Payment is a valuable Canadian pension for seniors in retirement age over 65. Qualifying seniors can also be eligible for three additional benefits under OAS which are GIS, Allowance, and Allowance for the Survivors.
The payment dates for $727.67 OAS in November 2024 will be 27 and in December, it will be 20. If you want to get this financial assistance to meet your expenses then apply the below-discussed method.
$727.67 Old Age Security Payment
The $727.67 Old Age Security Payment is a monthly benefit that is provided to the senior residents of Canada under the age of 65 to 74. This $727.67 OAS is a financial support for seniors as Canada’s public pension system. Its purpose is to provide enough financial assistance for elders in retirement and it contributes to reducing the poverty level in the Country.
The $727.67 OAS payment can be used to manage daily or basic living expenses such as healthcare, food, housing, clothes, etc. Your maximum monthly amount depends on your residing years in Canada after the age of 18. If you lived in Canada for at least 10 years but less than 40 years, then your OAS payment is partial.
There are three more non-taxable benefits that are paid under the Old Age Security Pension. The Guaranteed Income Supplement, Allowance, and Allowance for the Survivor payments are available for low-income seniors and their survivors or spouses. We will thoroughly explore the payments of these benefits below so stay connected.
Old Age Security Payment Amounts & Income Limits
The Old Age Security payment, Guaranteed Income Supplement (GIS), the Allowance and Allowance for the Survivor benefits amounts and income limits are listed in the below table.
| Your Situation | Your Annual Income Limit 2023 | Maximum Monthly Payment Amount |
| For Old Age Security Pension (65+ Seniors) | ||
| 65-74 Aged | less than $148,451 | up to $727.67 |
| 75 or Over Aged | less than $154,196 | up to $800.44 |
| For Guaranteed Income Supplement (65+ Seniors) | ||
| single, widowed, or divorced | less than $22,056 | up to $1,086.88 |
| Having a spouse/common-law partner who receives a full OAS pension | less than $29,136 (Couple Income) | up to $654.23 |
| Having a spouse/common-law partner who receives the Allowance | less than $40,800 (Couple Income) | up to $654.23 |
| Having a spouse/common-law partner who does not receive an OAS pension or Allowance | less than $52,848 (Couple Income) | up to $1,086.88 |
| For Allowance (60 to 64 years Seniors) | ||
| Having a spouse/common-law partner who receives the GIS and the full OAS pension | Less than $40,800 (Couple Income) | up to $1,381.90 |
| For Allowance for the Survivor (60 to 64 years Seniors) | ||
| I am a surviving spouse or common-law partner | with less than $29,712 | up to $1,647.34 |
$727.67 Old Age Security Payment Dates 2024 & 2025
The $727.67 Old Age Security Payment Dates are crucial to know so seniors can easily manage their daily expenses or make their budget according to their earnings. Check the below table to mark your calendar or to make a budget.
$727.67 Old Age Security Payment Dates 2024
| Month | Dates |
| November | 27 November 2024 |
| December | 20 December 2024 |
$727.67 Old Age Security Payment Dates 2025
| Month | Dates |
| January | 29 January 2025 |
| February | 26 February 2025 |
| March | 27 Match 2025 |
| April | 28 April 2025 |
| May | 28 May 2025 |
| June | 26 June 2025 |
| July | 29 July 2025 |
| August | 27 August 2025 |
| September | 25 September 2025 |
| October | 29 October 2025 |
| November | 26 November 2025 |
| December | 22 December 2025 |
How to apply for a $727.67 Old Age Security Payment?
The application process for the $727.67 Old Age Security payment is easy to follow from below if you will be about 65 soon and if you want to apply for this financial support. Some seniors automatically receive a letter from officials before turning 65 which contains the information about their OAS payment.
If you have not received it then contact them or apply manually through the below steps. It’s good to apply six months before turning 65 so you can start receiving payments early.
- Individuals have to go to the official website of Service Canada to apply for OAS.
- Here, you have to read all the instructions and choose the application method online or offline.
- If you have a “My Service Canada Account” then it’s good because it’s the fastest way to apply online otherwise create one.
- After logging into “My Service Canada Account” provide all the required details and submit it after double checking.
- If you are interested in a paper application, download and complete the Application for the Old Age Security Pension (Form ISP-3550).
- Fill out the form with all requisite information, attach all the required documents, and double-check the given information before submission.
- The Service Canada will review your application and then inform you whether or not you qualify and how much you will receive through OAS.
- If your application is approved, then Service Canada will issue your first payment when you turn 65 and direct deposit payments are faster so choose all the options carefully at the time of application.
