Bill Detail
An Act to amend the Old Age Security Act (amount of full pension)
BillC-261
Session45-1
StageSecond reading (House)
Introduced2026-02-09
Proposed byClaude Debellefeuille
This enactment amends the Old Age Security Act to increase the amount of the full pension to which all pensioners aged 65 or older are entitled by 10% and to raise the exemption for a person’s employment income or self-employed earnings that is taken into account in determining the amount of the guaranteed income supplement from $5,000 to $6,500.
✦ AI Summary
Bill C-261 proposes to amend the Old Age Security Act. It aims to increase the full monthly pension amount for seniors aged 65 and older by 10%. Additionally, it plans to raise the employment income exemption for the Guaranteed Income Supplement, increasing it from $5,000 to $6,500. This means seniors may be able to earn more before their supplement is reduced.
Generated by Gemini · may contain errors
Legislative Timeline
2026-02-09
First reading
✦ AIBill proposes 10% OAS pension increase and higher GIS employment income exemption.
Current
Second reading (House)
✦ AIBill is currently being debated and considered by the House of Commons.