The Old Age Security (OAS) program remains a vital source of financial support for Canadian seniors, helping them maintain a stable income during retirement.
In 2025, eligible recipients can receive up to $2,120 per quarter, with payments adjusted to reflect inflation.
This guide covers the eligibility criteria, payment schedule, and how to apply for OAS and additional benefits like the Guaranteed Income Supplement (GIS).
$2,120 OAS Payment For Seniors In 2025
The OAS program is a federal pension designed to provide monthly financial assistance to seniors, regardless of their work history.
Unlike the Canada Pension Plan (CPP), which is based on past earnings and contributions, OAS is available to all eligible seniors who meet age and residency requirements.
Why It Matters
With the rising cost of living, OAS plays a crucial role in helping seniors cover essential expenses like housing, groceries, and healthcare.
For many retirees, this benefit provides financial security and peace of mind, ensuring they can maintain their independence.
Eligibility
To qualify for OAS payments in 2025, applicants must meet specific criteria related to age, residency, and income.
Age Requirement
- You must be 65 years or older to start receiving OAS benefits.
Residency Requirements
- You must be a Canadian citizen or legal resident at the time of application.
- To receive the full OAS pension, you must have lived in Canada for at least 40 years after turning 18.
- If you have lived in Canada for less than 40 years, you may still qualify for a partial pension, calculated as 1/40th of the full pension amount per year of residency.
Living Abroad
Canadians living outside Canada may still qualify if they:
- Were Canadian citizens or legal residents when they left the country.
- Lived in Canada for at least 20 years after turning 18.
GIS Income Thresholds
Low-income seniors may be eligible for the Guaranteed Income Supplement (GIS) in addition to OAS. The income limits for GIS eligibility in 2025 are:
- Single seniors: Annual income below $20,208.
- Married/common-law couples: Combined income below $26,688.
Payment
OAS payments are adjusted every quarter based on inflation. Here are the expected monthly payments for 2025:
| Age Group | Monthly Payment | Quarterly Payment |
|---|---|---|
| 65 to 74 | $727.67 | $2,183.01 |
| 75 and over | $800.44 | $2,401.32 |
Payment Dates
OAS payments are issued monthly, typically on the third-to-last banking day of each month. The first-quarter payment schedule for 2025 is as follows:
- January 29, 2025
- February 26, 2025
- March 30, 2025
Recipients receive payments either by direct deposit or cheque, depending on their preference.
GIS
The Guaranteed Income Supplement (GIS) provides additional financial support to low-income seniors receiving OAS.
Key Features
- GIS payments are non-taxable, unlike OAS.
- Eligibility depends on income and marital status.
- GIS recipients must reapply every year when filing their tax return.
Applying for GIS
If you already receive OAS, Service Canada automatically assesses your eligibility for GIS. If you are not automatically assessed, you can apply by completing the GIS application form available on the Government of Canada website.
Apply
Applying for OAS is a straightforward process, but it’s important to act on time to avoid delays.
How to Apply
- Check Eligibility – Ensure you meet the age, residency, and citizenship requirements.
- Automatic Enrollment – Many seniors are enrolled automatically and receive a notification from Service Canada. If you do not receive a notification, you must apply manually.
- Apply Online or by Mail –
- Use the My Service Canada Account to apply online.
- Alternatively, download the application form, complete it, and mail it to your local Service Canada office.
- Wait for Confirmation – Service Canada will review your application and notify you of their decision.
If approved, payments will start either shortly after your 65th birthday or the month following approval if you applied late.
OAS remains an essential financial support system for seniors in Canada. With payments reaching up to $2,120 per quarter in 2025, understanding eligibility, payment schedules, and additional benefits like GIS can help seniors maximize their retirement income.
Whether applying for the first time or checking eligibility for supplemental benefits, staying informed ensures financial security in later years.
