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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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New Tariffs on Canadian Oil and Gas Could Drive Up U.S. Energy Prices

Energy producers are sounding the alarm over proposed tariffs on Canadian oil and gas, warning that such measures could lead to higher prices for U.S. consumers. The Trump administration has announced plans to impose a 25% tariff on all imports from Canada, including energy products, as part of an effort to curb illegal immigration and drug trafficking. 

Canada is the largest supplier of crude oil to the United States, with over 3.8 million barrels per day being imported. Industry experts argue that tariffs would not only hurt the Canadian energy sector but also result in increased costs for American consumers. "Imposing tariffs on Canadian oil would lead to higher gasoline and diesel prices in the U.S.," said Richard Masson, an executive fellow at the University of Calgary's School of Public Policy.

The potential tariffs have sparked concern among U.S. energy producers, who fear that the increased costs could disrupt supply chains and lead to inflation. "This is a lose-lose situation for both countries, added Dennis McConaghy, a former executive with TC Energy. 

As negotiations continue, the energy industry is urging policymakers to consider the broader economic impact of such tariffs and to seek alternative solutions to address the underlying issues.




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