Canadian seniors are set to receive an important financial boost as the Old Age Security (OAS) benefit increases again in 2025.
Starting in August 2025, payments for those aged 65 to 74 will rise to a maximum of $734.95 per month, while seniors aged 75 and over will receive up to $808.45 per month.
This adjustment comes as part of the government’s quarterly cost-of-living update to help retirees manage rising expenses for essentials like food, utilities, and housing.
What is Old Age Security (OAS)?
The Old Age Security program is one of Canada’s most important retirement benefits, providing monthly payments to Canadians aged 65 and older.
Unlike the Canada Pension Plan (CPP), it is funded through general tax revenue and does not require past contributions or employment history.
Old Age Security amounts are reviewed every January, April, July, and October to account for inflation. Importantly, OAS benefits never decrease, even when inflation slows.
OAS Payment Rates (July–September 2025)
| Age Group | Maximum Monthly Payment |
|---|---|
| Ages 65–74 | $734.95 |
| Ages 75+ | $808.45 |
Your actual OAS payment depends on your income level and years of residency in Canada after turning 18.
Why This Increase Matters
The rise in OAS benefits is significant at a time when seniors face elevated grocery, housing, and healthcare costs.
For seniors over 75, the higher maximum recognizes the greater expenses in later retirement years, particularly in healthcare and support services.
This increase helps ensure seniors maintain purchasing power and financial stability during a period of rising inflation and economic uncertainty.
Eligibility for OAS
To qualify for OAS, you must meet the following conditions:
- Be 65 years or older.
- Be a Canadian citizen or legal resident at the time your application is approved.
- Have lived in Canada for at least 10 years since age 18.
- If living abroad, you must have 20 years of Canadian residency after turning 18.
OAS Clawback (Recovery Tax)
High-income seniors may see their Old Age Security reduced under the OAS Recovery Tax.
- Ages 65–74: Clawback begins if net income exceeds $148,541.
- Ages 75+: Clawback begins if net income exceeds $154,196.
Seniors earning above these thresholds will have their Old Age Security payments reduced gradually until they are no longer eligible.
How to Apply for OAS
Most Canadians are automatically enrolled and will receive a notification from Service Canada before their 65th birthday. However, if you are not automatically enrolled, you can apply:
- Online through your My Service Canada Account.
- By mail using the OAS application form.
- In person at a Service Canada office.
You can start receiving Old Age Security anytime between 65 and 70 years old. Delaying your application increases your payment by up to 36%.
Payment Dates for 2025
OAS payments are made monthly, typically on the last business day of the month. The remaining 2025 payment schedule is:
- August 27, 2025
- September 25, 2025
- October 29, 2025
- November 26, 2025
- December 22, 2025
Those using direct deposit will receive funds instantly on the payment date. Cheques by mail may take 5–7 extra business days.
The August 2025 Old Age Security increase—to $808.45 for those 75+ and $734.95 for ages 65–74—offers seniors vital protection against inflation.
With the next payment scheduled for August 27, retirees should ensure their tax and banking details are up to date to receive funds without delay.
FAQs
How much will seniors receive in August 2025?
Seniors aged 65–74 will get up to $734.95, while those 75 and older will receive up to $808.45 per month.
Will OAS payments ever go down?
No. Old Age Security is indexed to inflation and reviewed quarterly. Payments only stay the same or increase, never decrease.
Can I increase my OAS payments by delaying?
Yes. If you delay collecting Old Age Security until age 70, your monthly benefit can increase by up to 36%.