The Old Age Security (OAS) payment is one of Canada’s primary financial support programs for seniors. The $2,455 OAS payment in 2025 has raised questions about eligibility, calculation, and payment dates.
This article will walk you through everything you need to know about the OAS program, including how to qualify, payment dates, and tips to maximize your benefits.
OAS Payment Details for 2025
Key Information on OAS Benefits
Below is a summary of the key details about the OAS payment in 2025:
| Details | Information |
|---|---|
| Benefit Name | Old Age Security (OAS) Payment |
| Maximum Monthly OAS (Aged 65-74) | $727.67 CAD |
| Maximum Monthly OAS (Aged 75+) | $800.44 CAD |
| Annual OAS Payment Example | $2,455 (Partial OAS) — Based on residency |
| Payment Frequency | Monthly |
| Official Payment Dates (2025) | January 29, February 26, March 27, and more |
| Eligibility Criteria | Age 65+, Canadian residency, at least 10 years post-age-18 |
| Official Website | Canada.ca – OAS Payment |
The $2,455 OAS is a significant amount for seniors, especially those receiving partial pensions based on their years of Canadian residency. Understanding the eligibility criteria, payment schedule, and calculation method will help you make the most of this benefit.
Don’t forget to check your Service Canada account for updates and set up direct deposit to ensure you receive your payments on time.
What is the OAS Program?
Introduction to Old Age Security (OAS)
The Old Age Security (OAS) program is a monthly benefit for eligible seniors in Canada, typically those aged 65 and over.
Unlike the Canada Pension Plan (CPP), which is tied to employment history, the OAS is based on age, legal residency status, and the number of years a person has lived in Canada.
As of March 2025, the OAS program offers the following maximum payments:
- $727.67/month for seniors aged 65 to 74
- $800.44/month for seniors aged 75 and older
However, not every senior qualifies for the maximum amount. Some individuals receive a partial OAS pension, which is determined by the number of years they have lived in Canada after the age of 18.
Why the $2,455 Payment Matters
The $2,455 OAS payment refers to the partial pension amount. If you have lived in Canada for at least 10 years after turning 18, you qualify for 25% of the full OAS pension. Here’s an example to better illustrate:
- If you have resided in Canada for 10 years, you are eligible for 25% of the full $727.67 monthly pension.
- $727.67 × 25% = approximately $181.91/month
- The annual total for this amount would be:
$181.91 × 12 months = $2,182.92 annually
Additionally, seniors may qualify for extra benefits like the Guaranteed Income Supplement (GIS), which can increase the total amount of support based on income.
OAS Payment Dates for 2025
Staying on top of payment dates ensures you receive your OAS benefits without any delay. Here are the official dates for 2025:
- January 29, 2025
- February 26, 2025
- March 27, 2025
- April 28, 2025
- May 28, 2025
- June 26, 2025
- July 29, 2025
- August 27, 2025
- September 25, 2025
- October 29, 2025
- November 26, 2025
- December 22, 2025
Payments are typically made via direct deposit, ensuring that your benefits arrive promptly in your account.
Who is Eligible for OAS Payments?
To qualify for the OAS payment, you must meet the following basic eligibility requirements:
Basic Eligibility Criteria
- Age: You must be 65 years or older.
- Legal Status: You must be a Canadian citizen or a legal resident.
- Residency: To qualify for the partial OAS pension, you must have lived in Canada for at least 10 years after turning 18. To qualify for the full OAS pension, you need to have lived in Canada for 40 years after turning 18.
If you have lived in Canada for fewer than 40 years, you may still receive a pro-rated OAS payment, like the $2,455 partial pension.
How to Apply for OAS in 2025
Many seniors are automatically enrolled in OAS, but if you’re not, follow these steps to apply:
Step-by-Step Guide for OAS Application
- Check your Service Canada Account for notifications regarding your OAS enrollment.
- If you are not automatically enrolled, visit the Canada.ca OAS Application Page.
- Fill out the Application for the Old Age Security Pension (ISP-3000) form.
- Submit the application either online via your My Service Canada Account (MSCA) or by mail.
- Allow 6-12 weeks for processing and ensure you apply 6 months before turning 65.
How OAS is Calculated: Example
Here’s an example of how OAS benefits are calculated:
- Maria is 65 years old and has lived in Canada for 15 years after turning 18.
- Calculation: 15 years ÷ 40 years = 37.5% of the full pension.
- Monthly payment: $727.67 × 37.5% = $272.88/month.
- Annual payment: $272.88 × 12 = $3,274.56 annually.
Setting Up Direct Deposit for OAS
To ensure timely and secure receipt of your OAS payment, set up direct deposit:
How to Set Up Direct Deposit
- Log in to your My Service Canada Account (MSCA).
- Go to the “Direct Deposit” section and select “Update banking information”.
- Enter your bank account number, transit number, and institution number.
- Confirm the changes.
Once your direct deposit is set up, your payments will be delivered straight to your account without delay.
The OAS payment in 2025 provides essential financial support for eligible seniors, with a monthly benefit ranging from $727.67 to $800.44 depending on age.
Understanding the eligibility criteria, payment dates, and calculation methods will ensure that you make the most of this valuable benefit.
Remember to check your Service Canada account, apply in advance, and set up direct deposit to receive your payments without delay.
FAQs
When will I receive my OAS payment in 2025?
OAS payments for 2025 are issued monthly on specific dates, with the first payment on January 29, 2025.
Can I qualify for a partial OAS pension?
Yes, if you’ve lived in Canada for at least 10 years after the age of 18, you are eligible for a partial OAS pension.
How is the OAS payment calculated?
The OAS amount depends on the number of years you have lived in Canada. The full pension is available after 40 years, but you can receive pro-rated benefits if you have fewer years of residency.
How do I apply for OAS?
You can apply for OAS through your Service Canada account or by submitting an application form online or by mail.