For elderly persons, the Old Age Security (OAS) pension in Canada is an important source of financial support. Indeed, this benefit is given by the Canadian government to assist all eligible adults in coping with their living expenses once they enter retirement. As the year approaches 2025, it becomes at most important knowing the OAS payment dates and conditions on eligibility and payout for anyone preparing towards the retirement income.
What is Old Age Security (OAS)?
Old Age Security (OAS) is a government-funded monthly payment given to Canadian citizens and permanent residents aged 65 or older. Unlike the Canada Pension Plan (CPP), OAS is available to qualifying individuals, regardless of work history they may have when they reach that age.
Canada OAS 2025 Payment Dates
OAS payments are normally done monthly with set payment dates. Below is the expected payment schedule for 2025:
- March 27, 2025
- April 28, 2025
- May 28, 2025
- June 26, 2025
- July 29, 2025
- August 27, 2025
- September 26, 2025
- October 29, 2025
- November 26, 2025
- December 22, 2025
These dates are subject to official confirmation from the Government of Canada.
OAS Criteria of Eligibility for 2025
To be qualified for OAS in 2025, one need to meet the following requirements:
- Be 65 years of age or older.
- Be lawful resident of Canada or citizen at the time of application for OAS.
- Live in Canada for at least 10 years after reaching the age of 18.
In this case of any person who has lived outside Canada, they must have resided in Canada for at least 20 years after age 18.
OAS Amounts of Payment in 2025
The amount of OAS payment will be adjusted quarterly on the basis of Consumer Price Index (CPI) changes that reflect household changes. In 2025, the estimated maximum payment per month is expected to be around $707 which it would vary according to the individual income and recent CPI adjustments.
Also, low-income seniors qualify for the Guaranteed Income Supplement (GIS) for additional support in finances.
How to Apply for OAS
Tasks can be done online by eligible individuals through a My Service Canada Account or by sending a paper application to apply for OAS. It is advisable to apply at least six months before reaching an age of 65 to ensure timely payment.
Conclusion
The Canada OAS program greatly contributes to the financial well-being of adults in their old age. Alertness to payment dates, eligibility criteria, and payout details in 2025 can make these adults better prepared for retirement income, keeping individuals up to date on government announcements for fast and on-time payment.