What Is The Social Security Increase For 2024 In Canada. The maximum monthly oas payment amount is expected to increase from $707.68 in 2023 to $727.67 in 2024 for seniors aged 65 to 74, and from $778.45 in 2023 to $800.44 in 2024 for seniors aged 75. Nearly 9 out of 10 people aged 65 and older received a social security benefit as of dec.

Social security recipients finally have something to cheer: The results are not financial advice and are subject to change.