The Old Age Security (OAS) program is a cornerstone of Canada’s retirement income system, providing monthly payments to eligible seniors.
In May 2025, OAS payments are scheduled to be disbursed, with some recipients receiving up to $1,280 when combined with additional benefits. This comprehensive guide outlines the eligibility criteria, payment amounts, dates, and methods to check your payment status.
Understanding the OAS Program
The Old Age Security (OAS) pension is a monthly payment available to seniors aged 65 and older who meet specific residency and legal status requirements.
Unlike the Canada Pension Plan (CPP), OAS does not require a history of employment or contributions. The amount received depends on factors such as age, income, and years of residency in Canada.
May 2025 OAS Payment Amounts
For the period of April to June 2025, the maximum monthly OAS payments are as follows:
| Age Group | Maximum Monthly OAS Payment |
|---|---|
| 65 to 74 years | $727.67 |
| 75 years and over | $800.44 |
These amounts are subject to quarterly adjustments based on the Consumer Price Index to reflect changes in the cost of living.
Additional Benefits: Guaranteed Income Supplement (GIS)
Seniors with low income may qualify for the Guaranteed Income Supplement (GIS), which provides additional monthly payments on top of the OAS pension. The maximum GIS amounts for April to June 2025 are:
| Marital Status | Maximum Monthly GIS Payment |
|---|---|
| Single, widowed, or divorced | $1,086.88 |
| Married/common-law partner receives full OAS | $654.23 |
| Married/common-law partner does not receive OAS | $1,086.88 |
Eligibility for GIS is determined by income thresholds, which vary based on marital status and combined income.
Total Potential Monthly Payment
By combining the OAS pension with the GIS, eligible seniors could receive up to:
| Age Group | OAS + GIS Total Monthly Payment |
|---|---|
| 65 to 74 years | $727.67 + $1,086.88 = $1,814.55 |
| 75 years and over | $800.44 + $1,086.88 = $1,887.32 |
Note: The total amount varies based on individual circumstances, including income and marital status.
Eligibility Criteria for OAS
To qualify for the OAS pension, applicants must meet the following conditions:
- Age: Must be 65 years or older.
- Legal Status: Must be a Canadian citizen or legal resident at the time of application approval.
- Residency: Must have resided in Canada for at least 10 years after turning 18.
For individuals living outside Canada, eligibility requires having been a Canadian citizen or legal resident before leaving and having lived in Canada for at least 20 years after age 18.
May 2025 Payment Dates
The scheduled payment date for OAS in May 2025 is May 28, 2025. However, due to administrative considerations, some recipients may receive their payments earlier. It’s advisable to check your bank account or My Service Canada Account (MSCA) around this date to confirm receipt.
How to Check Your Payment Status
To verify the status of your OAS payment:
- Bank Account: Review your bank statements for a deposit from the Government of Canada.
- My Service Canada Account (MSCA): Log in to your MSCA to view payment details and history.
- Contact Service Canada: If you have not received your payment within a few days of the scheduled date, contact Service Canada for assistance.
Tax Implications
OAS payments are considered taxable income. Recipients may choose to have taxes withheld from their monthly payments or pay the applicable taxes when filing their annual income tax returns. It’s important to plan accordingly to avoid unexpected tax liabilities.
The Old Age Security program provides essential financial support to Canadian seniors. Understanding the eligibility criteria, payment amounts, and methods to check your payment status ensures that you can effectively plan your finances during retirement. Stay informed about any changes to the program and consult with Service Canada for personalized assistance.
FAQs
Can I receive OAS if I live outside Canada?
Yes, if you were a Canadian citizen or legal resident before leaving Canada and have lived in Canada for at least 20 years after turning 18, you may be eligible to receive OAS payments while residing abroad.
How can I apply for OAS?
Most individuals are automatically enrolled in OAS. If you are not automatically enrolled, you can apply online through your My Service Canada Account or by submitting a paper application to Service Canada.
Will my OAS payment amount change over time?
OAS payments are reviewed quarterly and may increase based on the Consumer Price Index to reflect changes in the cost of living. However, payments will not decrease, even if the cost of living declines.