OAS Payment 2025 : Good news for seniors in Canada! The federal government has announced an increase in Old Age Security (OAS) payments in 2025, including a special top-up of $300 for eligible recipients. Overall, this will mean that many will see total payments of approximately $1,800, thus giving some much-needed assistance in respect to growing living costs.
If you are receiving or intend toapply for OAS, here iseverything you need to know concerning $1,500 plus $300 OAS payments with respect to eligibility, payment dates, and what-to-do in order to access your full entitlement.
What Are The $1,500 + $300 OAS Payments?
Old Age Security (OAS) is defined as the base monthly pension that is awarded to all Canadians aged 65 and older. If qualified, eligible seniors in 2025 can expect to receive anything from $1,500 based on age/income eligibility. This extra $300 one-time payment was finally confirmed as targeting low- and middle-income seniors who are oftentimes burdened with inflation and increasing household costs.
This one-time $300 payment will be tax-free, and all OAS recipients will automatically receive it without having to put in an additional application.
Who Is Eligible For These OAS Payments?
In order to qualify for the base $1,500 OAS and the one-time $300 bonus, you must fit the following criteria:
- Age : 65 years or older.
- Residency : Must have lived in Canada for at least 10 years after turning 18.
- Income : Your net income must be less than the ceiling set by the federal government (which is estimated at around $90,997 per annum for full OAS).
- Already Receiving OAS : The $300 top-up is applicable only to those already receiving OAS; however, new eligible seniors who come into OAS eligibility before the payment date will be able to receive it.
Be sure to file an application for OAS early if you are turning 65 in 2025 so that your application will be considered by the date of the bonus payment.
How Will You Receive The Payment?
The $1,500 monthly OAS will continue as a regular payment and will be made on the usual payment schedule, either by direct deposit or cheque. The $300 top-up will automatically be added to the payment for all eligible recipients.
Happy to receive your payments without detention? Make sure to:
- Your tax return for the year 2024 is submitted timely.
- Your direct deposit information on My Service Canada Account is updated.
- Your mailing address is correct and bank details are accurate.
OAS Payment Dates For 2025
This is the full schedule of confirmed OAS payment dates for 2025:
- January 29
- February 26
- March 28
- April 29
- May 29
- June 27
- July 29
- August 28
- September 26
- October 29
- November 27
- December 20
For July and August, Service Canada will confirm precise timing for inclusion of the $300 top-up during either of the payment cycles.
Also Read: Canada 2025 Extra GST Credit Announced, Who Qualifies And How Much You Will Get