The Old Age Security (OAS) program is a crucial financial support for Canadian seniors, helping them cover essential living expenses during their retirement.
With the discussion surrounding a possible $1,576 per month OAS increase in March 2025, many seniors are curious to know if this increase is real, how it will affect them, and when they can expect updated payments.
This article breaks down the latest details about OAS payments in 2025, including payment dates, eligibility requirements, and other essential updates.
Is a $1,576/Month OAS Raise Coming in March 2025?
Despite rumors circulating about a large increase in OAS payments in March 2025, official sources have not confirmed a $1,576 per month increase. Currently, the maximum OAS payment remains at $800.44 per month for seniors aged 75 and over.
There is no official confirmation that this will change to $1,576 per month. However, OAS payments are expected to gradually increase due to inflation and the Consumer Price Index (CPI) adjustments.
Current OAS Payment Structure for 2025
OAS payments are adjusted quarterly based on inflation and the CPI. Here is a breakdown of the maximum OAS payments for 2025:
| Age Group | Maximum OAS Payment (Per Month) |
|---|---|
| Ages 65 to 74 | Up to $727.67 |
| Ages 75 and above | Up to $800.44 |
While there might be slight cost-of-living adjustments (COLA), there is no evidence to suggest a sudden increase to $1,576 per month in March 2025.
Official OAS Payment Schedule for 2025
OAS payments are made monthly. Below are the official 2025 OAS payment dates:
- March 27, 2025
- April 28, 2025
- May 28, 2025
- June 26, 2025
- July 29, 2025
- August 27, 2025
- September 25, 2025
- October 29, 2025
- November 26, 2025
- December 22, 2025
Payments will be issued via direct deposit or cheque (if applicable). For more details on your OAS status, you can visit the My Service Canada Account.
Who Qualifies for OAS in 2025?
To be eligible for OAS, individuals must meet the following criteria:
- You must be 65 years old or older.
- You must be a Canadian citizen or legal resident when your OAS pension is approved.
- You must have lived in Canada for at least 10 years after turning 18.
- If you live outside of Canada, you may still qualify if you lived in Canada for at least 20 years after age 18.
Additionally, higher-income seniors may face a reduction in their OAS benefits due to the OAS Clawback (Recovery Tax), which applies if their annual income exceeds $90,997 (based on 2024 thresholds).
How to Apply for OAS in 2025
If you’re eligible for OAS, you can apply 6 months before your 65th birthday. You can submit your application in one of the following ways:
- Online: Through My Service Canada Account.
- By Mail: By submitting a paper application to Service Canada.
- In-Person: By visiting a Service Canada Centre.
What is the OAS Clawback and How Does It Affect You?
The OAS Clawback (officially known as the OAS Recovery Tax) reduces OAS payments for high-income seniors.
If your 2024 net income exceeds $90,997, your OAS pension will be reduced by 15% of the excess amount. If your income reaches $148,179 or more, your OAS will be fully clawed back.
To avoid the OAS Clawback, seniors may consider strategies such as:
- Income splitting with a spouse.
- Making TFSA withdrawals.
- Deferring OAS payments until age 70, which would result in higher monthly benefits.
While there is no confirmed increase to $1,576 per month for OAS payments in March 2025, seniors can expect regular adjustments based on inflation and cost-of-living increases. The current maximum payment for seniors 75+ remains $800.44 per month, and payments will follow the official payment schedule for 2025.
Seniors should keep in mind the eligibility criteria, including age, residency, and income requirements, to make sure they receive their rightful benefits. Additionally, those with higher incomes should be aware of the OAS Clawback and consider options to reduce its impact.
FAQs
Will OAS really increase to $1,576 per month in 2025?
No, the official sources have not confirmed this amount. The maximum OAS for seniors aged 75 and older remains $800.44 as of 2025, with incremental increases based on inflation.
When will I receive my OAS payments in 2025?
Payments will be made on the 27th of March, 28th of April, and on the 28th of May, followed by payments on June 26th, July 29th, and subsequent months, based on the official payment schedule.
What happens if my income exceeds $90,997?
If your income surpasses this threshold, your OAS benefits will be reduced through the OAS Clawback. A 15% reduction is applied to the excess income, and it may result in a full recovery if your income reaches $148,179.
