Canada’s $2,455 OAS Deposit In June 2025- Eligibility, Payment Date, And How To Qualify

As Canada’s June 2025 approaches, many seniors are anticipating the arrival of a $2,455 Old Age Security (OAS) deposit.

This isn’t a standard monthly payment but a one-time deposit resulting from retroactive OAS or Guaranteed Income Supplement (GIS) payments.

This article breaks down how the OAS program works, what leads to larger deposits, and how seniors can ensure they receive the correct payment.

What is OAS?

The Old Age Security (OAS) is a non-contributory monthly pension funded by general tax revenues, providing income to Canadians aged 65 and older.

The amount varies depending on the recipient’s age, and additional benefits are available for low-income seniors through the Guaranteed Income Supplement (GIS).

Old Age Security payments are adjusted quarterly for inflation, ensuring the benefits remain in line with the cost of living.

OAS Payment Breakdown:

Age Group	Monthly Payment
65 to 74 years	Up to $727.67
75+ years	Up to $800.44

Who Gets a $2,455 OAS Deposit?

While the regular Old Age Security payments are far lower than $2,455, there are specific scenarios where seniors may receive a larger deposit. Here are the main reasons:

1. Retroactive OAS Payments

If seniors delay applying for Old Age Security or if there’s a delay in processing, they may receive retroactive payments. Retroactive payments can cover up to 12 months of missed payments, leading to a larger one-time deposit. For example:

Regular OAS payment: $727.67 x 3 months = $2,183.01
With the inclusion of GIS or a fourth month, the total could easily reach or exceed $2,455.

2. GIS Lump Sum Payments

The Guaranteed Income Supplement (GIS) is a monthly benefit designed to assist low-income seniors. If the GIS approval is delayed, seniors may receive a lump sum payment for multiple months.

GIS payments typically range from a few hundred dollars to over $1,000 depending on income. A combination of retroactive Old Age Security and GIS can result in a deposit close to or exceeding $2,455.

OAS Payment Date

The Old Age Security payment for June 2025 will be made on Thursday, June 27, 2025. Although the payments are usually made on the last Wednesday of each month, they may shift if the day falls on a holiday or weekend.

Eligibility Criteria

To qualify for OAS, seniors must meet the following requirements:

Be at least 65 years old.
Be a Canadian citizen or a legal resident.
Have lived in Canada for at least 10 years after age 18.
To receive the full Old Age Security benefit, 40 years of residency in Canada is required. Seniors with fewer years of residency can still qualify for partial benefits.

How to Apply for OAS

Applying for OAS is straightforward. Here’s how you can ensure your eligibility:

Check Eligibility: Ensure you meet the basic requirements.
Gather Required Documents: You will need your proof of age, Social Insurance Number (SIN), and proof of residency.
Submit Your Application: You can apply online via your My Service Canada Account or by mail using forms available on the Service Canada website.
Set Up Direct Deposit: This ensures your payments are received quickly without any delays.
Monitor Your Payment Status: Use your My Service Canada Account to keep track of your payments.

Deferring OAS for Higher Payments

Seniors who defer Old Age Security beyond age 65 can increase their monthly payments. For every month you delay your OAS payment, your monthly benefit increases by 0.6%, up to age 70.

Delaying for 12 months will result in a 7.2% increase.
Delaying for 60 months will result in a 36% increase.

This is a great option for seniors who don’t need immediate income and wish to receive a higher benefit later in life.

Common Mistakes to Avoid

While applying for Old Age Security, many seniors make mistakes that can delay or reduce their benefits:

Not applying on time: OAS is not automatically provided; you need to apply.
Missing GIS: Low-income seniors might miss out on GIS payments.
Incorrect residency history: Inaccurate information can delay your approval.
Not setting up direct deposit: Without direct deposit, payments may be delayed due to mailing issues.

Additional Tips for Seniors

Tax Credits: Review your eligibility for various tax credits through the Canada Revenue Agency (CRA).
Provincial Programs: Many provinces offer additional support programs, including rebates and subsidies for seniors.
Stay Informed: Keep your My Service Canada Account up to date to ensure smooth processing.

Receiving a $2,455 Old Age Security deposit may not be common, but it’s possible under the right circumstances.

Whether you’re applying for OAS for the first time, deferring for higher payments, or receiving retroactive payments, it’s essential to stay informed and avoid common mistakes to ensure you’re receiving all the benefits you’re entitled to.

FAQs

What is the eligibility for receiving the OAS payment in June 2025?

To qualify for OAS, you must be at least 65 years old and have lived in Canada for at least 10 years after age 18.

How can I apply for OAS?

You can apply online via My Service Canada Account or by mail using forms available on the Service Canada website.

Can I increase my OAS payment by deferring?

Yes, if you defer your Old Age Security payment past age 65, you can increase your monthly payment by up to 36%.