Starting July 29, 2025, eligible Canadian retirees will see their Old Age Security (OAS) payments rise to $727.67 or $800.44, depending on age. This increase aims to help seniors manage rising costs for essentials like food, housing, and healthcare.
If you’re aged 65 and older, here’s everything you need to know about the boost, eligibility, and when you’ll be paid.
What’s Changing in OAS
OAS benefits are adjusted quarterly based on inflation. For the period July to September 2025, monthly OAS payments have been increased by 1.0%, continuing a 2.3% annual adjustment from the previous year.
- Ages 65–74: OAS is now up to $727.67 per month.
- Ages 75+: Seniors receive up to $800.44 per month due to a permanent 10% age top-up.
Why the Rise Matters
- Combats inflation: Adjustments reflect rising costs in essential goods and services.
- Offers financial stability: Higher payouts help seniors avoid financial strain.
- No need to reapply: The increase is automatic for eligible seniors.
Eligibility Criteria
To qualify for the higher OAS rates:
- Be aged 65 or older by early July 2025.
- Be a Canadian citizen or permanent resident.
- Have lived in Canada for at least 10 years after age 18.
- To receive the $800.44 rate, be aged 75 or older before August 2025.
- Keep your net annual income below $148,541 (ages 65–74) or $154,196 (75+), or your OAS may be clawed back.
OAS Payment Schedule for 2025
| Month | Expected OAS Deposit Date |
|---|---|
| January | January 29 |
| February | February 26 |
| March | March 27 |
| April | April 28 |
| May | May 28 |
| June | June 26 |
| July | July 29 |
| August | August 27 |
| September | September 25 |
| October | October 29 |
| November | November 26 |
| December | December 22 |
The increased payment kicks in on July 29, 2025, the last business day of the month.
How OAS Works Compared to CPP
- OAS (Old Age Security): Residency-based benefit; not tied to employment history.
- CPP (Canada Pension Plan): Contribution-based; payments depend on earnings history and age of claim.
Most seniors receive both benefits, but OAS increases like this one don’t rely on your employment record.
OAS & Additional Benefits Intersection
Those eligible for OAS might also qualify for other support:
- Guaranteed Income Supplement (GIS): Extra support for low-income seniors.
- Allowance or Allowance for the Survivor: Benefits for 60–64-year-olds in specific circumstances.
These programs adjust based on your income and marital status.
Preparing for Your Payment
To ensure you receive the OAS increase:
- Confirm bank account details in your Service Canada account.
- Review your My Service Canada account before July 29 to avoid delays.
- If payment doesn’t arrive within five business days, contact Service Canada.
Note: Direct deposit is faster and more reliable than payment by cheque.
The OAS pension increase to $727.67 or $800.44 in July 2025 represents a meaningful boost for seniors to maintain their financial footing amid rising costs. With no action required, eligible Canadians will automatically receive the updated amount via direct deposit.
Stay informed, check your information in advance, and prepare for the payment on July 29, 2025. This adjustment reflects Canada’s commitment to protecting retirees’ income in a changing economy.
FAQs
Do I need to reapply to get the new OAS amount?
No, the increased payment is automatic if you meet the age and residence requirements.
Can the OAS increase get clawed back?
Yes. If your annual net income exceeds $148,541 (ages 65–74) or $154,196 (75+), part or all of the OAS may be taxed back.
If I defer OAS, will I still get the increase?
If you delay starting OAS, your monthly payment increases by 0.6% per month (up to 36% total), and you won’t receive the quarterly CPI increases until you begin. Ensure you start payments to qualify for the July boost.