The Canada government is planning to give $3100 as old age security to the senior people with low income. This scheme is for the senior citizens so that they will be able to meet their daily expenses without any worries. The rising cost of living and the increasing inflation becomes a hurdle in the survival of the senior citizens.
And senior citizens are often ignored so to bring them to the mainstream this type of pensions are being provided. With a fixed income but rising prices, the senior citizens face problems managing their daily expenses. This initiative by the Canadian government and Canadian revenue agency will be very helpful for the senior citizens who need it the most.
ELIGIBILITY CRITERIA
A few eligibility criteria laid down by the government of Canada to ensure that the old age security is beneficial to the people who need it the most. A few of the criterias are mentioned below.
- A person needs to be more than 65 years to be able to qualify for the pension scheme.
- The person should have lived in Canada for more than 10 years after the age of 18 years. And the people who stay outside Canada should have resided in Canada for more than 20 years after the age of 18 years.
- All the applicants should be residents of Canada.
APPLICATION PROCESS
The application process is very easy. People just have to go to the official website Canada.ca and there they can fill out the old age security application form by giving their necessary details like name, address, date of birth etc. They also need to submit the required documents. After submitting the application their application will be reviewed. And if the person qualifies the required criterias then he will start receiving OAS.
CONCLUSION
This initiative is one of the best schemes launched by the Canadian government for the upliftment of the senior citizens.
