As April 2025 nears, many seniors in Canada are curious about their eligibility for the upcoming Old Age Security (OAS) payment. With numerous rules, income thresholds, and updates, understanding how the OAS system works can feel daunting.
This guide simplifies everything for you, whether you’re approaching 65 or helping someone prepare for retirement. We’ll cover eligibility, how much you can expect to receive, and how to ensure a smooth payment process.
Overview of OAS Payments for Seniors
The Old Age Security (OAS) program is a vital part of Canada’s retirement planning. For those aged 65 and older, the OAS pension provides crucial monthly income.
If you’re approaching 65, it’s important to understand eligibility requirements, the payment schedule, and available supplements like the Guaranteed Income Supplement (GIS) and the Allowance. This guide will help you maximize your OAS payment for April 2025 and beyond.
Don’t leave things to the last minute—check your eligibility, apply if necessary, and set up direct deposit to avoid delays.
Key Information at a Glance
| Topic | Details |
|---|---|
| Payment Date | April 28, 2025 |
| Eligibility Age | 65 years and older |
| Residency Requirement | Minimum of 10 years in Canada after age 18 (20 years if abroad) |
| Max Monthly Payment | $727.67 (65–74 years), $800.44 (75+ years) for Jan–Mar 2025 (subject to changes) |
| Income Clawback Starts | If income exceeds $86,912 (2023 tax year) |
| Application | Automatic for most; others apply via My Service Canada or paper form |
| Additional Benefits | GIS, Allowance (for low-income spouses), and Allowance for the Survivor |
| Official Website | Canada.ca – Old Age Security |
What is the OAS Pension?
The Old Age Security (OAS) pension is a monthly benefit available to most seniors aged 65 and older in Canada. Unlike the Canada Pension Plan (CPP), which is based on your work history, OAS eligibility depends on age and the duration of your residency in Canada.
The OAS pension serves as a cornerstone for many Canadians’ retirement income and is often supplemented with additional federal programs like the Guaranteed Income Supplement (GIS).
Who Will Receive OAS in April 2025?
To qualify for OAS payments in April 2025, seniors must meet the following criteria:
- Be at least 65 years old.
- Be a Canadian citizen or legal resident.
- Have lived in Canada for at least 10 years after turning 18 (20 years if residing abroad).
If you meet these requirements and are already enrolled, your OAS payment will arrive on April 28, 2025. If you’re not enrolled, you must apply before that time.
How Much Will You Receive?
The amount you will receive is determined by your age and the length of time you’ve lived in Canada. For the period from January to March 2025, the maximum payments are:
- 65 to 74 years: $727.67 per month.
- 75 years and older: $800.44 per month.
Since the amounts are adjusted quarterly based on the Consumer Price Index (CPI), the April 2025 payment might see a slight increase.
You may receive a lower amount if:
- You lived in Canada for fewer than 40 years after turning 18.
- Your net income exceeds the threshold for the OAS recovery tax.
Income Limits & OAS Clawback
If your annual net income surpasses $86,912 (based on the 2023 tax year), you will be subject to the OAS recovery tax, meaning you will repay a portion of your OAS benefits. For every dollar above the threshold, 15 cents is deducted from your benefit.
For example:
If your income is $95,000, the clawback calculation is:
- ($95,000 – $86,912) × 15% = $1,213.20 annually.
OAS benefits are fully clawed back once income reaches:
- $142,609 for those aged 65–74.
- $148,179 for those aged 75 and older.
How to Apply for OAS Payments in April 2025
Automatic Enrollment
Most seniors are automatically enrolled in OAS and will receive a notification from Service Canada before their 65th birthday. If you receive this notification, no further action is needed.
Manual Application
If you’re not automatically enrolled, you’ll need to apply:
- Online: Through your My Service Canada Account.
- By Mail: Complete the OAS application form and mail it to Service Canada.
Be sure to apply at least six months before your 65th birthday to avoid any delays.
Additional Benefits for Low-Income Seniors
Guaranteed Income Supplement (GIS)
Seniors receiving OAS who have a low income may qualify for the Guaranteed Income Supplement (GIS). This benefit is non-taxable and paid monthly.
For 2024–25, the income thresholds are:
- Single seniors: Income must be under $22,056/year.
- Couples (both receiving OAS): Combined income must be under $29,136/year.
The Allowance
This benefit is available for individuals aged 60–64 whose spouse or common-law partner is receiving GIS. Your household income must be below $40,800/year.
Allowance for the Survivor
This applies to widowed individuals aged 60–64 with an income below $29,712/year.
When Will You Receive Your April 2025 OAS Payment?
The April 2025 OAS payment will be deposited on April 28, 2025. If you’ve set up direct deposit, the payment will be transferred directly to your bank account. Otherwise, expect a cheque to arrive by mail shortly after the payment date.
Canada’s OAS payments are a crucial part of retirement planning for seniors, and understanding eligibility and payment details will ensure that you receive the benefits you’re entitled to.
With careful planning, you can maximize your OAS benefits and take advantage of additional programs like GIS. Apply early and set up direct deposit to guarantee a smooth process for the April 2025 payment and beyond.
FAQs
How do I apply for OAS if I’m not automatically enrolled?
You can apply online through the My Service Canada Account or by submitting a paper application form.
What is the maximum OAS amount I can receive?
The maximum amount for individuals aged 65–74 is $727.67 per month, while those aged 75 and older can receive $800.44 per month.
How is the OAS recovery tax calculated?
If your income exceeds $86,912, you will repay part of your OAS through a recovery tax of 15 cents for every dollar over the threshold.
Can I receive GIS with OAS?
Yes, if you meet the income requirements for GIS, you can receive it along with your OAS payment.