Great news is coming for Canadian seniors in 2025. If you’re 65 or older, you may be eligible for the Old Age Security (OAS) pension, and the quarterly total for some recipients will reach up to $2,120.
These payments provide critical monthly financial assistance to retirees, helping offset the cost of living and supporting long-term retirement stability.
Let’s break down the latest payment amounts, who qualifies, and when you’ll see the money in your account.
What is the Old Age Security (OAS) Pension?
The Old Age Security (OAS) pension is a monthly payment available to Canadians who meet specific age and residency requirements. It is not tied to employment history, making it different from CPP (Canada Pension Plan).
The benefit amount increases slightly over time to keep up with inflation, and a special top-up is applied to seniors aged 75 and over. In 2025, eligible seniors may receive up to $727.67/month (ages 65–74) or $800.44/month (ages 75+), depending on their age and income level.
Eligibility Criteria
To receive the OAS pension in 2025, you must meet the following requirements:
- Be at least 65 years old
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years after age 18
- Have a net annual income below the clawback threshold (estimated around $90,000)
If you lived or worked abroad in a country with a social security agreement with Canada, you may still qualify for full or partial benefits.
OAS Monthly Payments in 2025
Here are the maximum monthly amounts expected in 2025:
| Age Group | Monthly Payment | Quarterly Total (Est.) |
|---|---|---|
| 65–74 | $727.67 | $2,183.01 |
| 75 and over | $800.44 | $2,401.32 |
Please note: The actual amount received may vary based on income and residency.
OAS Payment Dates for 2025
OAS payments are issued monthly, usually during the last week of each month. Here are the expected payment dates:
| Month | Payment Date |
|---|---|
| January | January 29 |
| February | February 26 |
| March | March 27 |
| April | April 28 |
| May | May 29 |
| June | June 26 |
| July | July 29 |
| August | August 27 |
| September | September 26 |
| October | October 29 |
| November | November 27 |
| December | December 23 |
To receive payments on time, ensure your direct deposit and mailing information is accurate and updated.
How to Apply for OAS
You can apply for the OAS pension 6 months before you turn 65. There are two ways to apply:
1. Online through My Service Canada Account (MSCA)
- Fast, secure, and easy to track your application status.
2. By paper application
- Download and complete the form, then mail it to the Service Canada office.
Make sure to include your Social Insurance Number (SIN), proof of birth, and any other required documentation.
The $2,120+ OAS payments in 2025 offer essential financial relief for seniors, especially with rising living costs. Whether you’re turning 65 soon or already collecting OAS, it’s important to understand your eligibility, the payment schedule, and how to maximize your benefits.
If you haven’t yet applied or are unsure of your eligibility, take the time now to review your situation and ensure you don’t miss out on this valuable retirement income.
FAQs
Do I have to apply for OAS or is it automatic?
Some individuals are enrolled automatically, but many need to apply. It’s recommended to apply 6 months before turning 65.
Can I receive OAS if I live outside of Canada?
Yes, if you have lived in Canada for at least 20 years after age 18, you can still receive OAS abroad.
Will my OAS payment decrease if I earn other income?
If your net annual income exceeds the clawback threshold, your OAS may be reduced. It’s best to monitor your income to avoid repayment.