Canadian seniors may receive an additional $1540 payment in February 2025 as part of the government’s financial assistance programs.
While there is no official confirmation yet, reports suggest that this extra payment could be linked to the Old Age Security (OAS) program, which supports seniors aged 65 and older.
If you are wondering whether you qualify, how to claim this payment, or when it will be deposited, keep reading for all the details.
What Is the $1540 Extra Payment?
The Canadian government offers various senior benefits through the Canada Revenue Agency (CRA) and Service Canada.
This additional $1540 payment is expected to be an enhancement to existing OAS and CPP (Canada Pension Plan) benefits, designed to help seniors keep up with the rising cost of living.
Key Payment Details
| Program | $1540 Extra OAS & CPP Payment 2025 |
|---|---|
| Country | Canada |
| Department | CRA |
| Year | 2025 |
| Month | February |
| Amount | $1540 |
| Eligibility | OAS recipients |
| Payment Mode | Direct deposit |
| Official Website | www.canada.ca |
Since this payment is expected to be automatically deposited, eligible seniors won’t need to apply separately.
Eligibility Criteria
To qualify for this $1540 extra payment, seniors must meet the following criteria:
- Age Requirement – Must be at least 65 years old or have worked in Canada.
- Residency Status – Must be a permanent resident of Canada or have lived in the country for at least 10 years.
- OAS Recipient – Must already be receiving Old Age Security (OAS) benefits.
If you meet these conditions, you will likely receive the payment automatically in February 2025.
Expected Payment Date
The official date for this $1540 extra payment has not been announced yet. However, based on previous OAS and CPP payment schedules, it is expected to be deposited alongside the regular OAS payment on February 26, 2025.
CRA Pension Payment Schedule 2025
| Month | Payment Date |
|---|---|
| January | 29th |
| February | 26th |
| March | 27th |
| April | 28th |
| May | 28th |
| June | 26th |
| July | 29th |
| August | 27th |
| September | 25th |
| October | 29th |
| November | 26th |
| December | 22nd |
How to Claim the $1540 Extra Payment
If you already receive OAS benefits, you do not need to apply separately for this extra payment. The government will automatically deposit the amount into your registered bank account.
Steps to Ensure You Receive the Payment
- Verify OAS Enrollment – Log in to My Service Canada Account or contact Service Canada to check your OAS status.
- Update Personal Information – Ensure your address, banking details, and residency status are up to date. This can be done online or by visiting a local Service Canada office.
- Check Deposit Date – Keep track of your bank account on the expected payment date (February 26, 2025).
Is This Payment Official?
As of now, there is no official confirmation from the government regarding this $1540 extra payment. However, OAS payments were increased in 2025, with the maximum annual income threshold rising from $66,500 to $68,500.
To stay updated, check the official Government of Canada website at www.canada.ca or contact Service Canada for the latest information.
The $1540 extra payment for seniors in February 2025 could provide much-needed financial relief to eligible OAS recipients. While official details are yet to be announced, seniors should ensure their OAS accounts are active and updated to receive this potential benefit.
Keeping an eye on official CRA and Service Canada announcements will help you stay informed about any updates related to this payment.
