A financial assistance program administered by the Income Security Programs Branch of HRSDC that pay monthly benefits to most Canadians age 65 and older. Old Age Security (OAS) is paid to most Canadians with at least 10 years of residency. An individual's employment history is not a factor in determining eligibility, nor does the applicant need to be retired. OAS pensioners pay federal and provincial income tax. Higher income pensioners also repay part or all of their benefit through the tax system.
A federal program (formally known as "Allowance") that pays a benefit to the spouse or common-law partner of a senior who is receiving Guaranteed Income Supplement. Recipients must be between the ages of 60 and 64 and have lived in Canada for at least 10 years after turning 18.
The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.