Karen Minn
Good news for Canadian seniors: a significant Old Age Security (OAS) payment increase is on the way. Starting in July 2025, eligible pensioners will see their monthly OAS payments boosted, translating to a maximum annual gain of up to $1,850. This increase is part of the regular OAS adjustment that reflects changes in the cost of living and inflation.
Here’s everything you need to know about the new payment amounts, eligibility rules, and payment schedule to ensure you don’t miss this valuable financial support.
What Is the OAS Payment Boost?
The OAS program provides monthly payments to seniors aged 65 and older. These payments are reviewed and adjusted quarterly to reflect inflation. The latest update for the July–September 2025 quarter brings a 1.0% increase, contributing to a 2.3% annual rise over the past year.
This increase offers up to $1,850 in additional support annually, helping retirees maintain purchasing power during periods of rising prices.
Updated OAS Monthly Rates
The updated monthly OAS amounts vary depending on age and income level. Seniors aged 75 or older receive a higher payment.
| Age Group | Income Limit | Maximum Monthly OAS | Annual Total (Approx.) |
|---|---|---|---|
| 65–74 | Below $142,609 | $734.95 | $8,819.40 |
| 75+ | Below $148,179 | $808.44 | $9,701.28 |
This means that seniors receiving the full benefit could see an annual increase of up to $1,850 based on this new rate.
Who Is Eligible?
To qualify for the increased OAS payment, you must meet the following requirements:
- Be 65 years or older
- Be a legal resident or citizen of Canada
- Have lived in Canada for at least 10 years after turning 18 (to receive partial benefits) or 40 years for the full benefit
- Earn less than the annual income threshold for your age group
There is no need to reapply if you’re already receiving OAS — the payment adjusts automatically.
OAS Payment Dates (July – September 2025)
The OAS benefit is paid monthly, and the updated payments for the July quarter will be issued on the following dates:
| Month | Payment Date |
|---|---|
| July 2025 | July 29 |
| August 2025 | August 27 |
| September 2025 | September 25 |
To receive your payment on time, ensure your direct deposit information is up to date through your My Service Canada Account.
| Detail | Information |
|---|---|
| Increase Amount | Up to $1,850 annually |
| Adjustment Period | July – September 2025 |
| Monthly Max (65–74) | $734.95 |
| Monthly Max (75+) | $808.44 |
| Payment Frequency | Monthly |
| Next Payment Dates | July 29, Aug 27, Sept 25, 2025 |
| Application Required | No – applied automatically |
What Should You Do Next?
- Ensure your taxes are filed: Your eligibility is based on your most recent tax return.
- Check your CRA and banking info: Keep your contact and payment information current.
- Review your income: If your net world income is above the threshold, your payment may be reduced or withheld.
- Track your payments: Use your online account to view payment history and updates.
OAS and Other Benefits
The OAS boost may also affect your Guaranteed Income Supplement (GIS) or Allowance if you’re receiving them. These benefits are recalculated annually and typically adjust in July to match the new OAS amount.
If you’re delaying your OAS payments past age 65, remember that for each month you delay (up to age 70), your payments increase by 0.6%, resulting in up to 36% more if you wait until age 70.
The $1,850 OAS boost arriving in July 2025 offers meaningful financial relief for millions of Canadian seniors. With rising inflation and higher living costs, this quarterly adjustment ensures that your retirement income keeps pace with economic realities.
Whether you’re 65 or 75+, it’s essential to stay informed about your eligibility, income thresholds, and payment dates. No action is needed to receive this increase — just ensure your records are accurate and keep an eye on your deposit account.
FAQs
Do I need to apply for the OAS increase?
No. If you’re already receiving OAS, the increase is automatic and based on inflation adjustments.
Will this increase affect my GIS or Allowance benefits?
Yes. Your GIS and Allowance benefits may be recalculated based on the new OAS amounts starting in July.
Can I receive OAS if I live outside Canada?
Yes, if you’ve met the residency requirements, you can continue receiving OAS abroad, although certain conditions apply.