how much is the government old age security pension in canada
For the Old Age Security (OAS), itâs earned at 1/40th of the maximum (approx $540/mth) for every year of residence in Canada after age 18. Your total of 32 years would therefore give you about $432/mth and your wifeâs 22 years would give her about $297/mth.f so, there are no further government pensions until at least one of you reaches age 65, at which time you should qualify for Old Age Security (OAS), depending on how long youâve lived in Canada since age 18, and possibly the Guaranteed Income Supplement (GIS).