OAS Boost Hits Bank Accounts In July 2025 – Did You Get The Higher Payment Yet?
Canadian seniors received welcome news this summer: a 1.0% increase in Old Age Security (OAS) payments has been officially applied as of July 2025, with payments hitting bank accounts starting June 29.
This quarterly adjustment, driven by inflation and the Consumer Price Index (CPI), ensures that the OAS pension keeps pace with the cost of living.
Seniors aged 65 and above are now seeing higher monthly amounts, with new maximum thresholds introduced.
This article explains the updated OAS payment rates, eligibility requirements, and payment dates, helping you verify whether you’ve received the increased benefit.
What Is the OAS Increase for July 2025?
Each quarter, Old Age Security payments are adjusted based on the Consumer Price Index (CPI) to preserve seniors’ purchasing power. From July to September 2025, the Old Age Security payment has increased by 1.0%.
New OAS Payment Rates
| Age Group | Previous Monthly Payment | New Monthly Payment (July 2025) |
|---|---|---|
| Ages 65–74 | $720.47 | $727.67 |
| Ages 75+ | $792.78 | $800.44 |
These figures represent the maximum monthly benefits. Individual payment amounts may differ depending on income, residency, and tax withholdings.
Eligibility Criteria for OAS in 2025
To qualify for Old Age Security benefits, you must meet the following:
- Be 65 years of age or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years after age 18
Living abroad? You may still qualify if:
- You lived in Canada for at least 20 years after turning 18, or
- Your country has a social security agreement with Canada
OAS Payment Dates for the Rest of 2025
Old Age Security payments are issued on the third-last business day of each month. Here are the upcoming OAS payment dates:
| Month | Payment Date |
|---|---|
| July | July 29, 2025 |
| August | August 27, 2025 |
| September | September 25, 2025 |
| October | October 29, 2025 |
| November | November 26, 2025 |
| December | December 22, 2025 |
Make sure your banking information is updated with Service Canada to avoid delays.
How to Confirm You Received the OAS Boost
Wondering if the higher payment landed in your account? Here’s how to confirm:
- Check Your Bank Account
Look for a deposit from “Canada Old Age Security” on or after the scheduled date. - My Service Canada Account (MSCA)
Log in to MSCA to review your benefit amount, payment date, and history. - Contact Service Canada
If the payment doesn’t appear a few days after the scheduled date, call or visit Service Canada for support.
Additional OAS-Related Benefits
Alongside Old Age Security, you might qualify for additional government support based on your income:
Guaranteed Income Supplement (GIS)
For low-income OAS pensioners, GIS provides extra monthly payments.
Allowance
Available to spouses or common-law partners of OAS recipients who are aged 60–64.
Allowance for the Survivor
Offers support to widowed individuals aged 60 to 64 who meet income requirements.
Applying for these benefits can significantly increase your monthly income. Check eligibility via the Service Canada portal.
The July 2025 Old Age Security increase is a timely adjustment that helps Canadian seniors better manage rising living expenses.
With the 1.0% raise now reflected in your bank account, it’s essential to verify your eligibility, monitor your MSCA account, and ensure your details are up to date. Staying informed helps you make the most of your entitlements as a retiree.
FAQs
How much did OAS increase in July 2025?
The Old Age Security (OAS) payment increased by 1.0% in July 2025, bringing the maximum to $727.67 for ages 65–74 and $800.44 for 75+.
When will I receive my next OAS payment?
The next Old Age Security payment is scheduled for July 29, 2025. Ensure your bank account info is correct to receive it without delay.
Can I still get OAS if I live outside of Canada?
Yes, you may still be eligible if you’ve lived in Canada for at least 20 years after age 18 or your country has a social security agreement with Canada.
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