Seniors across Canada will see a confirmed rise in their Old Age Security (OAS) payments, with the new standard payout reaching $765 per month. This increase comes in response to cost-of-living adjustments and continued inflation, with the Canada Revenue Agency (CRA) formalizing the update in their July release. The OAS benefit, which provides monthly financial support to eligible individuals aged 65 and older, is one of Canada’s most important social security programs.
The Old Age Security Increase Canada 2025 reflects the federal government’s commitment to helping seniors manage their basic living expenses amid rising costs. While the increase might seem modest, it plays a significant role for those relying on fixed incomes.
What the $765 Monthly OAS Payout Means for Seniors
For eligible recipients, the new $765 monthly OAS payout marks a significant milestone. It ensures older Canadians have more financial breathing room, especially those not receiving employer pensions or personal retirement savings. This adjustment is based on the Consumer Price Index and is part of CRA’s annual review to ensure benefits reflect real-world economic conditions.
Let’s break it down in numbers:
| Benefit Type | Previous Monthly Amount | New Monthly Amount (July 2025) |
|---|---|---|
| OAS (Age 65-74) | $713 | $765 |
| OAS (Age 75 and above) | $784 | $838 |
This adjustment represents an approximate 7% increase, with additional boosts for those aged 75 and over.
Updated OAS Payout Schedule for 2025
The CRA has published the updated OAS payout schedule for 2025, ensuring seniors know exactly when to expect their funds. Payments are issued monthly, typically during the last week of each month. Here are the upcoming payout dates for the second half of 2025:
- July 29, 2025
- August 27, 2025
- September 26, 2025
- October 29, 2025
- November 26, 2025
- December 23, 2025
Recipients are encouraged to sign up for direct deposit to avoid delays and ensure prompt access to funds.
Eligibility and Application Reminders
To qualify for the OAS benefit and the increased amount, individuals must:
- Be 65 years or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years since age 18
Automatic enrollment is available for many Canadians, but those not automatically enrolled should apply six months before turning 65. The CRA also advises seniors to ensure their personal and banking information is current to avoid any interruptions in payments.
Additional Support Beyond OAS
Besides the core Old Age Security benefit, eligible seniors may qualify for additional income-tested supplements, such as:
- Guaranteed Income Supplement (GIS): For low-income OAS recipients.
- Allowance: For 60-64 year-olds whose spouses receive OAS and GIS.
These programs are adjusted annually, and their eligibility depends on income levels reported to CRA. With the rising cost of essentials, every dollar from these supplements adds to the security that retirees need.
Conclusion
The Old Age Security Increase Canada 2025 is more than just a routine update. It is a necessary adjustment to ensure Canadian seniors are not left behind by inflation. With a confirmed $765 monthly payout and a transparent payout schedule, older citizens can better plan their finances for the months ahead. The CRA’s efforts to align OAS with the economic reality are a welcome development for all retirees.
FAQs
What is the new OAS payout amount starting in July 2025?
As of July 2025, the standard Old Age Security benefit increases to $765 monthly for individuals aged 65 to 74, and $838 for those aged 75 and above.
How often are OAS payments issued?
OAS benefits are issued monthly, with payouts typically arriving in the last week of each month.
Who qualifies for the OAS increase?
Anyone eligible for Old Age Security in Canada, based on age and residency requirements, will receive the adjusted payout.
What other supports are available alongside OAS?
Eligible recipients may also apply for the Guaranteed Income Supplement (GIS) and the Allowance, which provide additional income support for low-income seniors and their spouses.
How can I ensure I get my OAS payment on time?
Enroll in direct deposit through your CRA My Account and ensure your banking and contact information is current to avoid payment delays.
Click here to know more.