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OAS Just Got Its Biggest Raise of 2026: What 1.4% Actually Pays

  Canadian Money Brief • Published October 2, 2026 Old Age Security is going up 1.4% for the October-to-December quarter, the biggest of the four quarterly adjustments in 2026. For a senior on the maximum pension, that works out to $10.53 more a month . Whether that feels like a raise or just a catch-up depends on a number most headlines skip: how much prices have risen over the past year. +$10.53 a month Maximum OAS for ages 65 to 74 goes from $751.97 to $762.50. That is about $126 more over a year, and it starts with the Oct. 28 deposit. What actually changes on October 28 The new rate applies to the Oct. 28 payment and the two after it (Nov. 26 and Dec. 22). Nothing needs to be filed. It applies to OAS, the Guaranteed Income Supplement (GIS) and the Allowances automatically. Maximum monthly amount Jul–Sep 2026 Oct–Dec 2026 Change OAS, ages 65 to 74 $751.97 $762.50 +$10.53 OAS, age 75 and over $827.17 $838.75 +$11.58 GIS, single senior (approx.) $1,123.17 about $1,138.89 about +$...
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Trudeau's Zoom Call Sparks Cabinet Shake-Up: Freeland Out, Carney In

In a surprising turn of events, Prime Minister Justin Trudeau informed Finance Minister Chrystia Freeland over a Zoom call that she would be replaced by Mark Carney. This unexpected move has sent shockwaves through the political landscape, raising questions about the future direction of Canada's economic policies.

Freeland, who has been a key figure in Trudeau's cabinet, reportedly received the news during a virtual meeting, highlighting the modern approach to significant political decisions. The decision to replace Freeland with Carney, a former Governor of the Bank of Canada and the Bank of England, suggests a shift towards a more technocratic approach to managing the country's finances.

The announcement has sparked a flurry of reactions from political analysts and the public alike. Many are speculating about the reasons behind this sudden change and what it means for the Liberal government's economic strategy moving forward. Freeland's departure marks the end of an era, and Carney's appointment signals a new chapter in Canada's financial leadership.

As the dust settles, all eyes will be on Carney as he steps into his new role, tasked with navigating the country through its economic challenges and opportunities. The political landscape in Ottawa is sure to be closely watched in the coming days as further details emerge about this significant cabinet reshuffle.

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