The Canadian government has taken a big step to help low-income seniors. Now such seniors will be given an additional amount of $1518 (about $126 per month) annually, so that their daily needs can be met and they can live a dignified life.
This scheme is for those who are already receiving Old Age Security (OAS) benefits. The good thing is that there is no need to apply separately for this – if you are eligible, this amount will automatically be added to your monthly OAS payment.
Why is this scheme introduced?
Today, the cost of everything is going up – food, rent, medicine, and other basic services. Seniors typically have a set income – like OAS and GIS – and it becomes hard to keep pace with increasing inflation.
This is why the government has introduced this **$1518 annual stipend**, in order to enable the seniors to cater to their needs of life, and enjoy some relief from the economic strain.
Highlights: Low-Income Canadian Seniors Can Claim $1518 Annual Stipend
| Topic | Details |
| Benefit Amount | $1,518 annually ($126 per month) |
| Eligibility Age | 65 years and older |
| Income Threshold | Annual net income between $23,495 and $33,015 |
| Automatic Payment | Included in monthly Old Age Security (OAS) benefits if eligible |
| Start Date | Payments begin in 2024 |
| Official Resources | https://www.canada.ca/ |
Eligibility:
To avail this scheme, you must fulfill these three conditions:
1. Your age should be 65 years or older.
2. Your annual net income should be between $23,495 and $33,015.
3. You must already be receiving Old Age Security (OAS). If not, apply for OAS first.
Apart from this, you must also have lived in Canada for at least 10 years after the age of 18.
How do I receive this extra payment?
If you are already receiving OAS and your income qualifies for this plan, no application is necessary. This will be added to your OAS benefit automatically.
If you are not receiving OAS:
– Check your eligibility with the Service Canada Benefits Finder.
– Apply for OAS at your local Service Canada office or online.
– Attach the documents required such as proof of age, Canadian residence and income.
– When approved, this value of $1518 will be deposited into your OAS benefit every month.
Note: Ensure your CRA (Canada Revenue Agency) income information is up to date in order to avert any error or delay.
Where is the $1518 amount to be utilized?
Assistance in expenditure:
Examples are foodstuff, electricity charges, and medication – whose rates have surged.
Relief against loan repayment:
Can assist in repayment of loan installments or in refraining from taking new loans.
Enhancing lifestyle:
Occasionally there is an opportunity to go on a trip, engage in social activities or spend for the sake of the mind.
Independence ensured: The elderly can cater to their needs independently through this fund, such as fixing their homes, transport facilities, etc.
$1,450 Social Security Payment 2025 – Check your Payment Status, Eligibility Criteria & SSI Benefits
FAQs
Q.When will the $1518 stipend payments begin?
A.Payments started in 2024 and are included as $126 monthly installments with your regular OAS benefit.
Q.Do I need to apply for the $1518 stipend separately?
A.No, if you already receive OAS and meet the income criteria, the payment is added automatically—no separate application needed.
Q.Who is eligible for the $1518 annual stipend?
A.Seniors aged 65 or older with an annual income between $23,495 and $33,015 and already receiving Old Age Security (OAS) are eligible.
