Aging Workforce – Government of Canada – Budget 2012 – Changes to the Old Age Security Act

As part of the 2012 federal budget, it was announced that the age of eligibility for Old Age Security (OAS) and Guaranteed Income Supplement (GIS) will be increased from 65 years old to 67 years old. Changes will be gradually implemented between April 1, 2023 and January 2029.  For an overview of who will be affected by the changes to Old Age Security Act, see Government of Canada’s website at: Budget 2012: Do you already receive Old Age Security? Then these changes don’t affect you.