As we step into 2025, seniors in Canada can receive up to $1,790 per month in Old Age Security (OAS) benefits, with an additional $943 available through the Guaranteed Income Supplement (GIS).
These payments are crucial for retirees looking to maintain financial stability in their later years.
This guide breaks down OAS eligibility, payment schedules, and strategies to maximize your retirement income. If you’re a senior or planning for retirement, keep reading to ensure you’re getting the benefits you deserve.
Payments
OAS & GIS Benefit Overview
| Key Information | Details |
|---|---|
| Maximum OAS (2025) | Up to $1,790 per month |
| Additional GIS Benefit | Up to $943 per month |
| Eligibility Age | 65 years and older |
| Payment Adjustments | Quarterly, based on inflation (CPI) |
| Official Information | Government of Canada OAS Portal |
With cost-of-living adjustments, OAS payments increase periodically to help seniors keep up with inflation.
If you qualify for GIS, you could receive additional financial support, bringing your total monthly benefits to over $2,700 in 2025.
Eligibility
To receive OAS and GIS, you must meet specific criteria.
1. Age Requirement
- You must be 65 years or older to qualify for OAS.
- Applications should be submitted several months before your 65th birthday to avoid delays.
2. Residency & Citizenship
- Must have lived in Canada for at least 10 years after turning 18.
- To receive full OAS, you need 40 years of residency in Canada after age 18.
- If you live outside Canada, you may still qualify under international agreements.
3. Income Limits & Clawback
- OAS benefits are subject to an income recovery tax (clawback) if your net annual income exceeds $87,000 in 2025.
- The clawback reduces OAS payments gradually for higher-income seniors.
GIS Eligibility
- GIS is a tax-free benefit available to low-income seniors receiving OAS.
- Income thresholds for GIS (2025):
- Single seniors: Less than $20,952 per year.
- Couples: Higher income limits apply based on combined earnings.
Maximizing Your OAS & GIS Benefits
To make the most of your retirement income, consider the following strategies:
1. Ensure Full Residency
If possible, aim for 40 years of Canadian residency after turning 18 to qualify for full OAS payments. Partial benefits are available for those with fewer years.
2. Apply for GIS
Low-income seniors should apply for GIS to receive up to $943 per month in additional support.
3. Defer OAS for Higher Payments
- Delaying OAS past 65 increases payments by 0.6% per month (or 7.2% per year).
- If you wait until age 70, your OAS payments can increase by up to 36%.
4. Manage Your Taxable Income
- Keep your net income below the OAS clawback threshold by using tax-efficient retirement strategies:
- Contribute to a Tax-Free Savings Account (TFSA).
- Split pension income with a spouse.
- Plan RRSP withdrawals carefully to reduce taxable income.
5. Stay Updated on Policy Changes
Government policies on senior benefits can change. Stay informed through Canada.ca and Service Canada for any updates that might affect your benefits.
Payment Schedule for 2025
OAS and GIS payments are issued on the last three business days of each month. Below is the tentative payment schedule for 2025:
| Month | Payment Date |
|---|---|
| January | January 30, 2025 |
| February | February 27, 2025 |
| March | March 28, 2025 |
| April | April 29, 2025 |
| May | May 29, 2025 |
| June | June 27, 2025 |
| July | July 30, 2025 |
| August | August 28, 2025 |
| September | September 29, 2025 |
| October | October 30, 2025 |
| November | November 27, 2025 |
| December | December 30, 2025 |
Setting up direct deposit ensures you receive your payments on time without delays.
With up to $1,790 per month in OAS payments and an additional $943 through GIS, eligible seniors in Canada can receive over $2,700 per month in 2025.
To maximize your benefits, make sure you meet eligibility requirements, plan for potential clawbacks, and explore strategies like delaying OAS or applying for GIS.
Staying informed about changes to OAS and GIS is key to securing your financial future in retirement. Always check official government sources for the latest updates on payment amounts and eligibility.
