Canada’s $1,546 OAS Direct Deposit: March 2025 Eligibility and Payment Date Details

The Old Age Security (OAS) pension is one of the most important benefits for Canadian seniors, providing essential financial support during retirement. In March 2025, millions of eligible seniors will receive an OAS direct deposit of $1,546, which will include the basic OAS pension and the Guaranteed Income Supplement (GIS).

To make the most of this benefit, seniors must be aware of the eligibility criteria, payment dates, and application process. Let’s understand in detail how to get the OAS pension in March 2025 and understand all the aspects associated with it.

What is the OAS Pension and GIS?

Old Age Security (OAS) is a pension funded by the Government of Canada, paid to seniors aged 65 years or older. Unlike the Canada Pension Plan (CPP), OAS does not require any prior work contributions.

The Guaranteed Income Supplement (GIS) is an additional payment for OAS recipients, which provides financial support to seniors with low incomes.

Main benefits of OAS and GIS:

• Drug discounts: Get cheaper medicines under the Pharmaceutical Benefits Scheme (PBS).
• Free/discounted doctor services: Some doctors provide medical services without charge or at a reduced fee.
• Discounts on electricity, gas and public transport: In some provinces, seniors get discounts on utility bills and transport.
• Energy subsidies: Regular payments to help with household energy costs.

Details of the OAS payment in March 2025

The OAS payment in March 2025 will be made on March 27, 2025. The table below provides detailed information:\

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Eligibility for a $1,546 OAS payment

The following conditions must be met to receive an OAS pension in March 2025:

1. Age requirement:

• Must be at least 65 years of age.
• Seniors aged 75 or older will receive $800.44 per month.

2. Residence requirement:

• Must be a Canadian citizen or permanent resident.
• Have lived in Canada for at least 10 years after turning 18.
• 40 years of residence is required for full OAS pension.

3. Income requirement (for GIS):

• Single seniors: Annual income must be less than $21,624.

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Couples:

• If both receive OAS, the combined income must be less than $28,560.
• If only one receives OAS, the combined income must be less than $51,840.

When will you receive an OAS payment?

The March 2025 OAS payment will be sent via direct deposit or cheque on March 27, 2025.

Tip: If the payment is not received on the scheduled date, wait 2-3 business days and then contact Service Canada.

How to apply for OAS and GIS?

Most eligible seniors receive an OAS pension automatically. If you have not received any notification or need to apply for GIS, follow these steps:

• Check eligibility: Meet the age, residence, and income requirements.
• Prepare documents:
• Social Insurance Number (SIN)
• Birth certificate (proof of age)
• Income documents (bank statement, tax return)

Submit the application:

• Online: Through My Service Canada Account.
• Offline: Visit the nearest Service Canada Centre.
• Waiting for approval: A confirmation letter will be received after the application process is completed.

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Tips to maximize OAS benefits

• Control income: Do not exceed the income limit for GIS.
• Apply for other benefits: Take advantage of provincial rebate schemes (e.g., electricity, transportation).
• Stay updated: Check “My Service Canada Account” regularly and update contact details.

Conclusion

The OAS direct deposit of $1,546 in March 2025 is an important financial support for Canadian seniors, especially those on low incomes. By being eligible for OAS and GIS, seniors can make their retirement life financially secure.

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