OAS Just Increased for June 2025: Starting in July 2025, Canadian seniors will see an increase in their Old Age Security (OAS) payments. This adjustment, based on the Consumer Price Index (CPI), aims to help seniors maintain their purchasing power amid rising living costs. The OAS program is a cornerstone of Canada’s retirement income system, providing monthly payments to eligible seniors aged 65 and older. Payments are reviewed quarterly—in January, April, July, and October—to reflect changes in the cost of living.
OAS Just Increased for June 2025
The July 2025 OAS increase is a welcome adjustment for Canadian seniors, ensuring that retirement incomes keep pace with inflation. By staying informed and proactive, you can make the most of your benefits.
| Aspect | Details |
|---|---|
| Effective Date | July 2025 |
| Increase Rate | 1.0% based on CPI adjustments |
| New Monthly Payment (Ages 65–74) | Up to $727.67 |
| New Monthly Payment (Ages 75+) | Up to $800.44 |
| Next Payment Date | July 29, 2025 |
| Official Source | Canada.ca – OAS Payments |
Understanding the OAS Increase
The Old Age Security (OAS) program is a monthly payment available to seniors aged 65 and older. Payments are reviewed quarterly (January, April, July, and October) and adjusted based on the Consumer Price Index (CPI) to reflect changes in the cost of living.
For July to September 2025, OAS benefits have increased by 1.0%, ensuring that seniors maintain their purchasing power amidst inflation. This adjustment is part of the government’s ongoing efforts to support retirees.
New OAS Payment Amounts
| Age Group | Previous Monthly Payment | New Monthly Payment (July 2025) |
|---|---|---|
| Ages 65–74 | $720.47 | $727.67 |
| Ages 75+ | $792.78 | $800.44 |
Note: These amounts are the maximum monthly payments. Actual amounts may vary based on individual circumstances, including income and residency.
Eligibility Criteria
To receive OAS payments, you must:
- Be 65 years of age or older.
- Be a Canadian citizen or legal resident.
- Have resided in Canada for at least 10 years after turning 18.
For those living outside Canada, you may still qualify if you’ve lived in Canada for at least 20 years after age 18 or if you have a social security agreement with Canada.
Upcoming Payment Dates
OAS payments are typically issued on the third-last business day of each month. For the remainder of 2025, here are the scheduled payment dates:
| Month | Payment Date |
|---|---|
| July | July 29, 2025 |
| August | August 27, 2025 |
| September | September 25, 2025 |
| October | October 29, 2025 |
| November | November 26, 2025 |
| December | December 22, 2025 |
Ensure your banking information is up to date to receive payments promptly.
How to Verify Your OAS Just Increased for June 2025?
To confirm your OAS payment:
- Check Your Bank Account: Look for a deposit labeled “Canada OAS” or similar on or after the payment date.
- My Service Canada Account (MSCA): Log in to view your payment details and history.
- Contact Service Canada: If you don’t see the payment within a few days after the scheduled date, reach out for assistance.
Additional Benefits: GIS and Allowances
Beyond the basic OAS pension, eligible low-income seniors may qualify for:
- Guaranteed Income Supplement (GIS): Provides additional monthly payments.
- Allowance: For spouses or common-law partners of OAS recipients.
- Allowance for the Survivor: For widowed individuals aged 60 to 64.
These benefits are income-tested and reviewed quarterly.
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Frequently Asked Questions (FAQs)
Q1: Do I need to apply for the OAS increase?
A1: No. If you’re already receiving OAS payments, the increase is automatic.
Q2: Will my OAS payment decrease if the cost of living goes down?
A2: No. OAS payments will not decrease even if the cost of living declines.
Q3: How can I update my banking information?
A3: Log in to your My Service Canada Account to update your direct deposit details.
Q4: What if I live outside Canada?
A4: You may still receive OAS payments if you’ve lived in Canada for at least 20 years after age 18 or if you have a social security agreement with Canada.
