In 2025, the Old Age Security (OAS) program in Canada has undergone adjustments to its payment amounts, reflecting changes in the cost of living.
The OAS pension is a monthly payment available to seniors aged 65 and older who meet specific residency requirements.
The payment amounts are reviewed quarterly and adjusted based on the Consumer Price Index (CPI) to ensure that they align with inflation rates.
OAS Payment Amounts for January to March 2025
For the first quarter of 2025, the OAS payment amounts are as follows:
| Age Group | Maximum Monthly Payment |
|---|---|
| 65 to 74 years | $727.67 |
| 75 years and older | $800.44 |
These amounts remain unchanged from the previous quarter, as the CPI did not indicate an increase over the last three-month period. However, there has been a 2.0% increase over the past year, from January 2024 to January 2025.
Guaranteed Income Supplement (GIS) and Allowances
In addition to the OAS pension, eligible low-income seniors may receive the Guaranteed Income Supplement (GIS). The maximum monthly GIS amounts for January to March 2025 are:
| Recipient Status | Maximum Monthly GIS Payment |
|---|---|
| Single, widowed, or divorced | $1,086.88 |
| Married or common-law partner (both receiving OAS) | $654.23 each |
Furthermore, the Allowance and Allowance for the Survivor are available to individuals aged 60 to 64 who meet specific criteria. The maximum monthly payments for these allowances are:
| Allowance Type | Maximum Monthly Payment |
|---|---|
| Allowance | $1,381.90 |
| Allowance for the Survivor | $1,647.34 |
OAS Eligibility Criteria
To qualify for the OAS pension, individuals must:
- Be 65 years of age or older.
- Be a Canadian citizen or legal resident at the time of application approval.
- Have resided in Canada for at least 10 years after the age of 18.
For the GIS and Allowances, additional income thresholds and residency requirements apply. It’s essential to review the specific criteria to determine eligibility.
Application Process
Eligible individuals can apply for OAS benefits through the My Service Canada Account (MSCA) online portal or by submitting a paper application. It’s advisable to apply well in advance of the desired start date to ensure timely processing.
The Old Age Security program continues to provide vital financial support to Canadian seniors, with payment amounts adjusted to reflect changes in the cost of living.
Staying informed about these adjustments and understanding the eligibility criteria can help seniors maximize their benefits and maintain financial stability during retirement.
FAQs
How often are OAS payments adjusted?
Old Age Security payments are reviewed and adjusted quarterly (January, April, July, and October) based on changes in the Consumer Price Index.
Is the OAS pension considered taxable income?
Yes, the Old Age Security pension is considered taxable income and may be subject to a recovery tax if your individual net annual income exceeds the threshold set for the year.
Can I receive OAS benefits if I live outside of Canada?
Yes, you can receive Old Age Security benefits outside of Canada if you meet certain residency requirements, such as having lived in Canada for at least 20 years after the age of 18.
