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July’s Old Age Security payments are coming and amounts just went up

<img src="https://www.mtlblog.com/media-library/a-hand-holding-canadian-money.jpg?id=59803048&width=1200&height=800&coordinates=132%2C0%2C132%2C0"/><br/><br/><p>If you're 65 or older and receiving retirement benefits from the Canadian government, your next <a href="https://www.mtlblog.com/tag/old-age-security" target="_blank">Old Age Security (OAS)</a> payment is just around the corner — and it's slightly higher than before.</p><p><span></span>OAS is one of the main federal programs helping seniors cover everyday costs in retirement. Payments are adjusted four times a year to account for inflation, and the latest increase kicked in for the July-to-September 2025 quarter.</p><p>Here's everything to know about this month's OAS deposit.</p><h3>What is OAS and who qualifies?</h3><br/><p>OAS is a monthly federal pension available to most Canadians aged 65 and up, regardless of work history. To qualify, you must:</p><ul><li>Be 65 or older</li><li>Have lived in Canada for at least 10 years after turning 18</li><li>Be a Canadian citizen or legal resident</li></ul><p>If you now live abroad, you may still qualify if you lived in Canada for at least 20 years as an adult.</p><p>Note: Higher-income seniors may see a partial repayment (known as a clawback) if their net annual income exceeds $148,541 (ages 65–74) or $154,196 (75+).</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/eligibility.html" target="_blank">More about OAS eligibility</a></p><h3>When will July's OAS deposit land?</h3><br/><p>Your OAS should arrive on <strong>Tuesday, July 29, 2025</strong> — a date that falls within Service Canada's typical end-of-month window. If you've signed up for direct deposit, the funds will show up in your bank account that day. </p><p>If you receive payments by cheque, it should arrive in the mail by then, though delays are always possible. Direct deposit is the safest and fastest option.</p><h3>How much are seniors getting now?</h3><br/><p>With the new rates in effect, the maximum OAS payments are:</p><ul><li><strong>$734.95/month</strong> for those aged <strong>65 to 74</strong></li><li><strong>$808.45/month</strong> for those aged <strong>75 and over</strong></li></ul><p>That’s a modest increase from the spring. OAS rates are reviewed quarterly — in January, April, July and October — and while they can rise with inflation, they never decrease.</p><p>If you also qualify for the Guaranteed Income Supplement (GIS) or Allowance programs, your total monthly benefit could surpass $1,800, depending on your income and household status.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html" rel="noopener noreferrer" target="_blank">More about OAS payment amounts</a></p><h3>How do you sign up?</h3><br/><p>Many people are automatically enrolled and receive a letter from Service Canada around their 64th birthday. If you don't get one, or if you need to apply manually, you can:</p><ul> <li>Apply online through your My Service Canada Account</li><li>Submit a paper form by mail</li><li>Visit a Service Canada office in person</li></ul><p> You can choose to start OAS any time after you turn 65, up to age 70. Delaying increases your monthly payment permanently.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/apply.html" target="_blank">More about applying for OAS</a></p><h3>Is OAS taxable?</h3><br/><p>Yes. OAS is considered taxable income. Unless you ask for tax to be withheld, nothing will be deducted at source, which could leave you with a tax bill later. To avoid surprises, you can set up voluntary deductions through your online account or by sending in a request form.</p><p><a href="https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/while-receiving.html#h2.3" rel="noopener noreferrer" target="_blank">More about OAS and your taxes</a></p><h2>Remaining 2025 OAS payment dates</h2> <ul> <li> August 27</li> <li> September 25</li> <li> October 29</li> <li> November 26</li> <li> December 22</li> </ul> <p>If you receive payments by mail, keep an eye out around those dates. Direct deposit remains the most reliable way to avoid delays.</p><p><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em></p><p><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank">Editorial Standards page</a>.</em></p>