Dates of Payments for the Old Age Security (OAS) Pension in 2025 and More, The Old Age Security (OAS) pension is a source of income for most Canadian adults after they retire. It helps them live a more peaceful life after they retire.
Old Age Security Pension Payment Dates 2025 This guide will tell you when you can expect to get your OAS payments in 2025, how much you can expect to get, and if you are eligible to get OAS.
2025 OAS Payment Dates
To assist you in better managing your finances, below are the OAS payment dates for 2025:
| Month of the Year | Payment Date |
|---|---|
| January | 27, 2024 |
| February | 24, 2024 |
| March | 29, 2024 |
| April | 26, 2024 |
| May | 29, 2024 |
| June | 28, 2024 |
| July | 27, 2024 |
| August | 29, 2024 |
| September | 27, 2024 |
| October | 27, 2024 |
| November | 28, 2024 |
| December | 20, 2024 |
How Much OAS Will You Get?
The OAS pension amount varies based on age and income, but here are the maximums:
| Your Current Age | Maximum OAS Monthly Payment Amount (April to June 2024) | Your Annual Net World Income Must Be |
|---|---|---|
| 65 to 74 | $691.00 | Less than $129,757 |
| 75+ | $760.10 | Less than $129,757 |
Keep in mind that these are the maximum monthly OAS benefits; you may receive more or less.
First, the quantity of OAS you receive is age-dependent. If you are or will be at least 75 years old, you will receive a 10% raise.
The quantity you receive is also dependent on how long you’ve lived in Canada. If you have resided in Canada for less than 40 years (after turning 18), you are eligible for a partial OAS payment. Your payment is based on the number of years you’ve lived in Canada divided by 40.
Lastly, you must repay a portion of your OAS if your annual income exceeds a certain threshold ($79,845 in 2022). Check here for updates to this number.
You can use the Government of Canada’s OAS calculator for a more precise estimation of how much OAS you will receive.
Who Qualifies for OAS?
If you have never worked or are currently working, you are still eligible to receive the OAS pension. To qualify for OAS, nevertheless, you must fulfill the following requirements:
- Be 65 years old or older
- Be a Canadian citizen or a legal resident when your OAS pension application is approved
- Have resided in Canada for at least ten years since the age of 18,
All about OAS
Similar to the CPP, the OAS pension is a monthly payment for Canadians (and legal residents) who are 65 or older.
OAS Payments typically begin the month following your 65th birthday. Nonetheless, you can delay your first payment to receive a larger OAS pension as you age.
OAS pension payments are taxable.
In addition to Old Age Security (OAS), you may be eligible for the Guaranteed Income Supplement (GIS), a monthly payment you can receive if you receive the OAS pension and your income falls below the maximum annual income threshold for the GIS based on your marital status.
Retirement can be difficult to navigate, but comprehending the OAS and its benefits can help. Stay informed and take advantage of all the available benefits. Always check the official Service Canada website for any modifications or updates.