$2350 OAS Increase for Eligible Canadian Seniors in 2025- Find Out Payment Dates and Eligibility

In 2025, Canadian seniors will get a huge financial support under the Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs, which can be up to $2,350 per month depending on their economic situation.

This initiative has been launched to provide seniors with a stable income in their retirement years. If you want to know if you are eligible, when the payment will be made, or how to make the most of these benefits, this guide brings you all the information.

OAS and GIS in 2025: An Overview

In 2025, the Canadian government will provide financial support to seniors through the OAS pension and GIS support. Low-income seniors can get a maximum of $2,350 per month.

The table below provides the key information:

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What is the difference between OAS and GIS?

1. Old Age Security (OAS)
   • This is a government-funded pension available to all seniors aged 65 years and above.
   • Unlike the Canada Pension Plan (CPP), it does not require prior work contributions.
2. Guaranteed Income Supplement (GIS)
   • This provides additional support to low-income seniors.
   • Only OAS recipients receive GIS.

Example:

• John (70 years): OAS (727.67)+GIS(727.67)+GIS(1,086.88) = $1,814.55/month
• Sarah (76 years): OAS (800.44)+GIS(800.44)+GIS(1,086.88) = $1,887.32/month
• For couples, GIS is based on household income.

Eligibility for OAS and GIS in 2025

1. Conditions for OAS:
   • Age: At least 65 years
   • Residence status: Canadian citizen/permanent resident
   • Residence period: Have lived in Canada for at least 10 years after age 18.
   • 40 years of residence are required for full OAS.
2. Conditions for GIS:
   • Low income:
   • Single seniors: Annual income less than $22,056
   • Couples: Different limits based on combined income

What is the OAS clawback (recovery tax)?

If a senior’s income exceeds $90,997 (the 2024 limits), their OAS amount will be reduced by 15%.

Example:

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• Mike (earns $100,000):∗ … OAS and GIS payment dates in 2025
• Emma (earns $125,000):∗∗OAS∗∗Earns $125,000:∗∗OAS∗∗5,250 deduction

OAS and GIS will be paid on the third-last business day of each month.

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How to apply for the $2,350 OAS boost?

1. Check for auto-registration:
   You should receive a letter from Service Canada 6 months before you turn 65.

If you don’t get the letter, apply manually.

2. Apply online:
   Apply through My Service Canada Account.
3. Apply by mail:
   Download the application form and send it to Service Canada.
4. Processing time:
   The application process can take 6 to 12 weeks.

Conclusion

The OAS and GIS assistance of up to $2,350 in 2025 is a great relief for Canadian seniors. By understanding the eligibility, payment dates, and ways to avoid tax deductions, you can make the most of these benefits.

If you are 65 years or older, be sure to apply for OAS and GIS so that you can have a comfortable retirement.

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