Extra $2300 Old Age Security By CRA in July 2024 – Check Who Is Eligible?

The government of Canada has come up in support of the retired population of the country. The government of Canada might bring in Extra $2300 Old Age Security By CRA In July 2024. This program is not officially announced by the Federal government and might be out very soon. This program is established in favor of people who suffer from high monthly expenses during their retirement phase where they have no extra source of income. 

  • The Old Age Security program by the CRA acts as a cornerstone for people with low income and less resources during their retirement years. The government aims to help people during the time of their retirement by providing them financial support and assistance by giving them funds under the Old Age Security program in July 2024. 
  • The people who are over the age of 65 can avail this benefit under the CRA and have up to $784.72 as monthly funds under this program. Additionally, the government will provide $2300 as an old age security benefit to all its eligible candidates. 

NOTE – The information mentioned above in this article is subject to change and it may happen that is not completely accurate.

Extra $2300 Old Age Security By CRA In July 2024

Extra $2300 Old Age Security By CRA In July 2024

People who want to qualify for the $2300 Extra OAS For Seniors June 2024 should be at least 75 years of age. This program supports people with low income and very few resources, the annual income of people should be less than $90,997 in the year 2024. People who want to join this privilege under the government of Canada can apply on the official website of the CRA using their My Service Canada Account (MSCA). 

TITLE Extra $2300 Old Age Security By CRA In July 2024
OrganizationGovernment of Canada
Authority Service Canada / Canada Revenue Agency
Eligible CitizensCitizens of Canada
Extra $2300 Old Age Security Eligibility 2024Residents of Canada over the age of 65 
Age Limit65 years and above
Extra Old Age Security Payment Amount 2024$2300
Department Finance
Extra $2300 Old Age Security Payment Date 2024July 2024
Official Websitecanada.ca

Who Is Eligible For The $2300 Old Age Security By CRA In July 2024?

The OAS was introduced by the government of Canada and Service Canada. This program is monitored by the CRA, hence, senior citizens who qualify under this program can take the old age security benefits for July 2024. The Extra $2300 Old Age Security Eligibility 2024 are as followed:

  • The willing applicant should be a legal citizen of Canada and should be a resident of Canada for at least ten years.
  • The age of the willing applicant should be 65 years and above if they want this benefit.
  • The applicants should have their own Social Insurance Number (SIN).
  • The applicant should not be receiving any other monthly insurance or allowance. 

NOTE – The amount mentioned above is liable to change according to the changes occurring in the Cost Of Living that affects the rise and fall in inflation. 

How To Claim The Extra $2300 OAS 2024

Before applying for the Extra $2300 old age security by CRA in July 2024 people should be aware of the eligibility criteria. Once you know that you qualify under the Extra $2300 Old Age Security Eligibility 2024 you can easily apply for the OAS program by filling an application form available on the official website of the CRA. Candidates should login to their My Service Canada Account (MSCA), fill their forms and attach all the required documents. Once you are qualified under the program the concerned authority will connect with you and let you know about the further process before you start receiving your payment directly into your bank accounts.

Extra $2300 Old Age Security Payment Date 2024

The payments for the $2300 OAS program by the CRA might be given to the eligible candidates in the month of July. The payments may be distributed during the last week of July 2024 within the last three business days of that week. The Extra $2300 Old Age Security Payment Date 2024 are as followed:

MonthsOld Age Security Payment Date 2024
OAS July 202428 July 2024
OAS August 202427 August 2024
OAS September 202425 September 2024

NOTE – The dates mentioned above are liable to change.

Extra $2300 Old Age Security By CRA In July 2024 – Disclaimer

This article provides information about the Extra $2300 old age security by CRA In July 2024 and serves no other purpose. This article fulfills the duty to make people aware of their basic rights under their government and what privilege they can have once they are retired from their jobs. The writer does not promote any programs and only acts as a source of information for its audience. All numbers, dates and amounts mentioned in this article are not completely true and can be false as per the decisions taken by the concerned authorities in future before they give away the payments. All information here is liable to some kind of changes and can be updated in the upcoming time.

All viewers are advised to take help from professionals before they start with their application process to avail this program. You should always visit the official sources through online or offline mode before you land on any conclusions.

FAQS For Extra $2300 Old Age Security By CRA In July 2024

What is the qualification age for the $2300 OAS by CRA for July 2024?

The applicant should be 65 years and above to avail the extra OAS benefit.

What should be the annual income of people who want to qualify for the OAS?

The annual income should not be more than $90,997.

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