Old Age Security (Canada)

Old Age Security (OAS) is a government program in Canada that provides financial support to seniors aged 65 and older. Funded through general tax revenues, OAS payments help ensure a basic standard of living for retirees. The amount received depends on how long a person has lived in Canada after age 18 and can be supplemented with additional benefits for low-income seniors. OAS is an essential part of Canada's social safety net, helping older adults maintain financial independence and security during retirement.