Kim
If you’re 50 or older and living in Canada, you may be eligible for several federal and provincial benefits that can significantly improve your financial stability as you approach retirement.
From monthly pension payments to income supplements and tax relief, these programs are designed to support Canadians in their senior years.
This guide outlines the most relevant Canada seniors benefits after 50, what you’re entitled to, and how to qualify for them.
Key Benefits Available to Canadians Over 50
Here’s a breakdown of the most important senior benefits in Canada, who qualifies for them, and what they offer:
| Benefit | Eligibility Age | Maximum Monthly Amount (2025) | Notes |
|---|---|---|---|
| Old Age Security (OAS) | 65+ | $727.67 (ages 65–74), $800.44 (75+) | Based on residency in Canada after age 18 |
| Guaranteed Income Supplement (GIS) | 65+ | Up to $1,065 | For low-income OAS recipients |
| Canada Pension Plan (CPP) | 60–70 | Up to $1,253.59 | Amount depends on contributions and age of claiming |
| Canada Workers Benefit (CWB) | 19+ (working income) | Up to $1,518 annually | For low-income earners, including working seniors |
| Provincial Supplements | 60–65+ | Varies by province | Additional help in BC, Alberta, Ontario, and others |
Old Age Security (OAS)
Old Age Security (OAS) is one of the most well-known federal benefits for seniors in Canada. It provides a monthly, taxable payment to seniors aged 65 or older. You may receive the full amount or a partial pension, depending on how long you’ve lived in Canada after age 18.
- Monthly amount (2025):
- Ages 65–74: $727.67
- Ages 75+: $800.44
- Payments increase quarterly based on the cost of living.
- You can defer OAS up to age 70 to receive a higher monthly amount.
Guaranteed Income Supplement (GIS)
If your income is low, the Guaranteed Income Supplement (GIS) provides non-taxable financial assistance in addition to OAS.
- Eligibility: Must be 65 or older and receiving OAS.
- Monthly maximum (2025):
- Single seniors: Up to $1,065
- Couples: Amount varies based on combined income.
- Application: Many recipients are automatically enrolled, but you must file taxes annually to maintain eligibility.
Canada Pension Plan (CPP)
The Canada Pension Plan (CPP) provides a monthly income to individuals who have contributed to the plan through employment or self-employment. You can start receiving CPP as early as age 60 or as late as age 70.
- Maximum monthly CPP at 65: $1,253.59 (2025)
- Earlier collection: Reduces the amount by 0.6% for each month before 65.
- Later collection: Increases the amount by 0.7% for each month after 65.
- Contributions in 2025:
- Employees: 5.95% of earnings up to $71,300
- Self-employed: 11.9%
Canada Workers Benefit (CWB)
For Canadians over 50 who continue to work but earn a modest income, the Canada Workers Benefit (CWB) offers tax relief and occasional advance payments.
- Eligibility: Minimum working income and age 19 or older.
- Maximum benefit:
- Singles: $1,518 annually
- Families: Up to $2,616 annually
- CWB can be paid in advance in three installments throughout the year.
Provincial Seniors Benefits
Each province also offers supplementary benefits to low-income seniors:
British Columbia Senior’s Supplement
- Monthly top-up of up to $99.30 for singles and $220.50 for couples receiving GIS.
Alberta Seniors Benefit
- Monthly payments to eligible seniors with low income and who receive OAS/GIS.
Ontario Guaranteed Annual Income System (GAINS)
- Provides monthly payments to eligible low-income seniors receiving GIS.
Eligibility criteria and amounts vary by province, so it’s essential to check the provincial seniors’ services website or visit a Service Canada office for personalized information.
Application Process
Most benefits are automatically issued if you file taxes regularly and meet the age and income requirements. However, here’s a brief overview of how to ensure you receive all available support:
- OAS & GIS: Automatic enrollment by age 64 if you’re eligible. If you don’t get a notice, apply online or by mail.
- CPP: Apply 6 months before you want payments to begin. You can apply online through your My Service Canada Account.
- CWB: Claimed through your tax return. You must check the box requesting advance payments.
- Provincial Supplements: Application varies; contact your local seniors’ benefit office.
There’s no need to wait until you’re 65 to start planning your retirement benefits. Canadians over 50 have access to a wide range of financial support programs that can help ease the transition into retirement.
By understanding what you’re entitled to and how to qualify, you can make informed decisions and take full advantage of every benefit available.
Whether you’re preparing to retire soon or looking to top up your income, staying informed is the key to a more secure and fulfilling retirement.
FAQs
Can I receive both CPP and OAS at the same time?
Yes, you can receive CPP and OAS simultaneously once you’re eligible for both. They are separate programs with their own rules.
What if I keep working after age 65?
If you continue working, you can continue contributing to CPP until age 70 to increase your benefits. You may also qualify for the Canada Workers Benefit if your income is low.
Are these benefits taxable?
CPP and OAS are taxable, but GIS is non-taxable. Most provincial supplements are also non-taxable, but it’s best to check based on where you live.