The Old Age Security (OAS) program is a fundamental component of Canada’s retirement income system, providing monthly payments to eligible seniors aged 65 and over.
For the April to June 2025 quarter, the OAS payment amounts are set as follows:
- Ages 65 to 74: Up to $727.67 per month.
- Ages 75 and over: Up to $800.44 per month.
These amounts remain consistent with the previous quarter, as there were minimal changes in the Consumer Price Index (CPI), which is used to adjust OAS payments for inflation.
Eligibility Criteria for OAS Payments
To qualify for OAS benefits, individuals must meet the following criteria:
- Age Requirement: Must be 65 years or older.
- Legal Status: Must be a Canadian citizen or legal resident at the time of application.
- Residency: Must have resided in Canada for at least 10 years since the age of 18.
It’s important to note that the maximum payment amounts are subject to income thresholds:
- Ages 65 to 74: Annual income must be less than $142,609.
- Ages 75 and over: Annual income must be less than $148,179.
Individuals with incomes exceeding these thresholds may experience a reduction or repayment of their OAS benefits.
OAS Payment Schedule for 2025
OAS benefits are disbursed monthly. The payment dates for the remainder of 2025 are as follows:
| Month | Payment Date |
|---|---|
| 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 |
Impact of Income on OAS Payments
The OAS program includes provisions for income-tested benefits:
- OAS Clawback (Recovery Tax): Individuals with net world incomes exceeding $86,912 (as of 2023) may be required to repay a portion of their OAS pension. This repayment is commonly referred to as the OAS clawback.
- Guaranteed Income Supplement (GIS): Low-income seniors may be eligible for the GIS, which provides additional monthly payments. For the April to June 2025 quarter, a single individual with an annual income less than $22,056 may receive up to $1,086.88 monthly.
The OAS program plays a crucial role in supporting Canadian seniors by providing monthly financial assistance.
For the April to June 2025 quarter, the payment amounts remain unchanged due to stable inflation rates.
Understanding the eligibility criteria, payment schedules, and income thresholds is essential for beneficiaries to effectively plan their finances and ensure they receive the maximum benefits available.
FAQs
Why haven’t OAS payments increased for the April to June 2025 quarter?
OAS payments are adjusted quarterly based on the Consumer Price Index (CPI). Due to minimal changes in the CPI, the payment amounts have remained the same for this quarter.
How can I apply for the Guaranteed Income Supplement (GIS)?
Eligible individuals can apply for the GIS by completing the application form available on the official Government of Canada website or by contacting Service Canada for assistance.
What should I do if my income exceeds the OAS threshold?
If your income surpasses the specified thresholds, you may be subject to the OAS recovery tax, requiring repayment of part or all of your OAS pension.
It’s advisable to consult with a financial advisor or contact Service Canada to understand the implications and explore potential strategies.