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The Old Age Security (OAS) program is a cornerstone of Canada’s retirement system, providing essential financial support to seniors nationwide.
As part of ongoing efforts to adjust for rising costs, a significant OAS benefit increase has been confirmed for June 2025, with two key amounts: $727 and $800.
These amounts reflect annual adjustments for inflation and special top-up measures aimed at improving financial security for older Canadians.
Why Is OAS Increasing in June 2025?
The OAS program undergoes indexation adjustments every quarter, tied to the Consumer Price Index (CPI) to maintain its purchasing power. In June 2025, seniors will see two different increases:
- Seniors aged 65 to 74 will receive $727 per month.
- Seniors aged 75 and older will receive $800 per month, which includes a 10% permanent top-up.
This increase is part of Canada’s broader commitment to combating inflation and ensuring that senior citizens can live with dignity and financial stability in their later years.
Who Is Eligible for the June 2025 OAS Payment?
Eligibility for the OAS benefit depends on factors like age, legal status, and residency. Here are the key eligibility criteria:
| Requirement | Details |
|---|---|
| Age | Must be 65 or older by June 30, 2025 |
| Legal Status | Must be a Canadian citizen or legal resident |
| Residency | Must have lived in Canada for at least 10 years after age 18 |
| 75+ Bonus | Eligible for the $800 rate if 75 or older |
| Income Test | Old Age Security is clawed back if income exceeds $90,997 annually |
If you are turning 75 by or before June 2025, you will automatically qualify for the $800 monthly benefit.
OAS Payment Schedule for June 2025
Old Age Security payments are made on fixed dates each month. For June 2025, the payment date will be:
- Monday, June 24, 2025.
For seniors enrolled in direct deposit, funds will be deposited by midnight. Those receiving paper cheques should expect delivery within 3 to 5 business days.
OAS Payment Amounts and Top-Up
Here’s a breakdown of the Old Age Security payment rates for June 2025:
| Age Bracket | Monthly Payment | Annual Total | Includes Top-Up? |
|---|---|---|---|
| 65–74 | $727.00 | $8,724.00 | No |
| 75+ | $800.00 | $9,600.00 | Yes (10% increase) |
Seniors 75 and older will receive an additional 10% top-up, boosting their total annual benefit to $9,600.00.
How to Apply or Update Your OAS Information
Old Age Security is typically automatically provided if you’re registered with Service Canada. If you haven’t applied yet, be sure to:
- Apply 6 months before turning 65 (if you’re not auto-enrolled).
- Keep your banking and mailing info up to date.
- Respond to Service Canada communications regarding status updates.
Once you start receiving Old Age Security, no further applications are needed unless there’s a change in your situation, such as a move or income change.
Impact of the Guaranteed Income Supplement (GIS)
For those with limited income, the Guaranteed Income Supplement (GIS) provides an additional non-taxable top-up, significantly increasing the monthly pension. The GIS amount varies depending on income.
Combined OAS + GIS Payments for June 2025
| Status | OAS | GIS | Total Monthly |
|---|---|---|---|
| Single, 65–74 | $727.00 | $1,065.47 | $1,792.47 |
| Single, 75+ | $800.00 | $1,065.47 | $1,865.47 |
| Couple (each) | $727.00 | $641.35 | $1,368.35 |
| Couple 75+ (each) | $800.00 | $641.35 | $1,441.35 |
OAS Clawback: What You Need to Know
If your income exceeds $90,997 annually, you will be subject to the Old Age Security Recovery Tax (clawback). For every $1 over the threshold, $0.15 is deducted from your Old Age Security payment. Once your income reaches approximately $148,000, the OAS benefit will be fully recovered.
Common Mistakes to Avoid
- Not updating your address or marital status.
- Forgetting to file tax returns, which could affect GIS eligibility.
- Assuming Old Age Security is automatic when you haven’t applied or qualified.
- Not understanding clawback thresholds.
The Old Age Security increase for June 2025 will offer significant financial relief to Canadian seniors, with those over 75 benefiting from an $800 monthly payment.
By understanding eligibility, payment schedules, and potential clawback impacts, seniors can better navigate the Old Age Security system to secure their retirement.
FAQs
Do I need to apply for the $800 top-up at age 75?
No, the $800 top-up is automatic once you turn 75, as long as your birthdate and residency status are properly recorded.
What happens if I exceed the OAS income threshold?
If your income exceeds $90,997, a portion of your Old Age Security will be clawed back. Ensure your tax filings are up to date to minimize this impact.
When will my OAS payment arrive in June 2025?
The June 2025 Old Age Security payment will be deposited on Monday, June 24, 2025, if enrolled for direct deposit. Paper cheques may take 3–5 business days.