Canada OAS Payment 2025 : In 2025, an eligible senior Canadian could earn around $2,350 each month, with additional benefits of Old Age Security (OAS) and Guaranteed Income Supplement (GIS). This will be channelled through the various respective programs. Thus enabling the retired persons to cope with the expenses entailed with their living arrangements during the retirement period. To know how to access it, you’re required t o know the eligibility and application process.
Understanding OAS And GIS
An OAS pension is what you earn every month as a pensioner when you reach 65 years and above, from the old age security eligibility requirements, which will be made available to you as expected. GIS involves further support for OAS recipients of low-income backgrounds. Since both are from that side but combined, it can give you a good full payout of your 2,350 in a month for their entire life span.
Eligibility Criteria
The applicants must meet the following conditions to be eligible for maximum combined benefit in 2025 from OAS and GIS:
- Age: Must be 65 years old or older.
- Residency: Must be a citizen or a legal resident of Canada at the time of entitlement approval. Must have resided in Canada for a minimum of 10 years since turning 18 years old.
- Income: GIS is based on income level. For single seniors, annual income must be lower than a threshold amount changed annually.
Application Process
If you’re about to turn 65 and have not received notification of your OAS enrollment through Service Canada, you may be required to apply for it. You may apply by going online at your My Service Canada Account (MSCA) or complete a paper application. Following the official instruction is provided at the Government of Canada website.
Setting Up Direct Deposit
It is recommended to register for the direct deposit system to ensure OAS and GIS payments are received on time and safely. The service ensures that your benefits are paid straight into your bank account, thus eliminating the chance of any delay or misplacement of cheques.
How To Register For Direct Deposit
- Online: Enter your My Service Canada Account (MSCA) and input your bank details.
- Telephone: Call Service Canada at 1-800-277-9914 by either directly enrolling or getting assistance for the enrollment.
- In-person: Visit any bank or Service Canada office to register in person.
For more details on direct deposit enrollment, visit the Government of Canada direct deposit information page.
Payment Dates
Payments are made monthly for both OAS and GIS and predominantly upon the third-last business day of each month. In the year 2025, the payment will be as follows:
- January: January 29
- February: February 26
- March: March 30
- April: April 28
- May: May 29
- June: June 27
- July: July 29
- August: August 28
- Septembr: September 26
- October: October 29
- November: November 27
- December: December 29
For any updates regarding payment dates, please check the Government of Canada official website.