Old Age Security (OAS) is a monthly government pension for seniors aged 65 and over, funded from general tax revenue—not earnings.
In 2025, eligible seniors could receive an additional one-time payment of $2,350, designed to ease inflation, rising grocery prices, and healthcare costs. This lump-sum relief could arrive mid-year for qualifying recipients.
OAS Payment for 2025
| Payment Type | Amount | Frequency/Timing |
|---|---|---|
| Regular OAS | $727.67 (65–74 years) | Monthly |
| $800.44 (75+ years) | Monthly (10% boost) | |
| One-Time Special Payment | Up to $2,350 | Potentially mid-2025 |
Note: Monthly amounts are indexed quarterly; the increase for seniors 75+ has been in place since 2022.
Who Qualifies for the $2,350 Windfall?
To be eligible, you must:
- Be 65 or older in 2025
- Meet residency requirements (Canadian citizen or permanent resident; lived in Canada for 10 years after age 18 for partial benefits or 40 years for full)
- Have income below the OAS clawback thresholds
IHT Clawback Thresholds 2025
| Age Group | Income In Clawback Zone |
|---|---|
| 65–74 years | $86,912 – $148,451 |
| 75+ years | $86,912 – $154,196 |
If your income falls below the top end of these ranges, you may receive the full lump sum.
OAS Payment Dates in 2025
- Monthly OAS payments are issued on the third-last business day each month:
- April 29, May 27, June 28, July 30, etc.
- The one-time $2,350 payment—if approved—would likely be disbursed around June or July 2025, in addition to your regular monthly OAS payment that month.
Maximizing Your OAS, Including the Windfall
- Consider deferring OAS: Delaying OAS up to age 70 increases monthly payments by 0.6% per month (or 36% annually).
- Stay below clawback thresholds: Use tax-smart strategies—like using TFSAs or RRSP withdrawals in low-income years—to reduce taxable income.
- Check eligibility for GIS and provincial benefits: The Guaranteed Income Supplement and provincial programs can provide additional support if income is limited.
How to Apply & Track OAS
- Automatic eligibility: Most seniors are automatically enrolled. No re-application is necessary.
- To begin OAS: Apply online via My Service Canada Account or submit a paper application with your SIN and banking details.
- To track payments: Monitor your My Service Canada account or call Service Canada’s support line.
What Happens if You’re Abroad?
Living outside Canada? You may still qualify, provided you meet residency or treaty conditions. Note that payments may be subject to non-resident tax withholding.
The $2,350 OAS windfall could be a significant boost for Canadian seniors in 2025. If you’re 65 or older, meet residency conditions, and fall below the clawback income thresholds, you may receive this lump-sum payment alongside your regular OAS pension.
Ensure your application and account information are current, and explore strategies to minimize clawbacks and enhance your benefits.
FAQs
Is the $2,350 OAS payment confirmed?
It has been proposed and widely reported, but remains pending final approval. Keep your account updated in case it’s released mid-2025.
Will the $2,350 be taxed or reclaimed?
No, it is non-taxable. However, your regular monthly OAS could be reduced if your annual income exceeds clawback thresholds.
Can I still defer OAS and get the lump-sum?
Yes. Deferral boosts monthly payments but applies separately from the one-time windfall, which is paid regardless of deferment status.