Old Age Security (OAS) pension is an important social security scheme for senior citizens living in Canada, which provides them financial support after retirement. Recently a rumor is going viral that OAS pension is being increased by $770 from june 2025. But is it true?
This article will give you important information related to OAS pension reality, eligibility, payment dates, and financial planning in detail.
Is there really a $770 pension increase?
First of all answer this question: Is the Canadian government going to make a special increase of $770 in OAS pension in June 2025?
The answer is—no.
There has been no such official announcement from the government. Actually, the amount of OAS pension is automatically adjusted according to the inflation rate every quarter. This adjustment is done in January, April, July and October. That is, there will be no “one-time $770” increase in June 2025.
OAS Pension: What is this scheme?
An old-age security (OAS) pension is a federally-funded plan given to senior citizens at age sixty-five and older. Its universal nature is its difference: one need not work in Canada to benefit from it.
The Old Age Security (OAS) pension scheme is a federal government scheme for providing pensions to senior citizens aged 65 years and above. It is unique in that it is universal in nature; that is, an individual need not have worked in Canada in order to receive this pension.It is governed by Canadian tax revenue and eligibility for it is based only on residence period and citizenship.
Who is eligible to OAS pension?
To be eligible to OAS pension, the following criteria must be met by a person:
- Should be aged 65 years or more.
- The person must be a Canadian citizen or legal resident.
- Must have resided in Canada for at least 10 years after the age of 18.
- People who have lived in Canada for 40 years after the age of 18 can take full advantage of OAS.
What will the actual amount of the OAS pension be in June 2025?
Although rumours are talking about a $770 increase, the actual maximum monthly payments for June 2025 are set as follows:
| Age Group | Maximum Monthly Pension |
|---|---|
| 65 to 74 years | $727.67 |
| 75 years and above | $800.44 |
These rates are subject to quarterly adjustments and can also be viewed on the official website Canada.ca.
OAS pension payment dates (2025)
OAS payments are made on the third business day of each month. The estimated payment dates for 2025 are as follows:
| Month | Payment Date |
|---|---|
| January | 29 January 2025 |
| February | 26 February 2025 |
| March | 27 March 2025 |
| April | 28 April 2025 |
| May | 28 May 2025 |
| June | 26 June 2025 |
| July | 29 July 2025 |
| August | 27 August 2025 |
| September | 25 September 2025 |
| October | 29 October 2025 |
| November | 26 November 2025 |
| December | 22 December 2025 |
Additional financial support for seniors
The Government of Canada and the provinces have additional supports to seniors in addition to the OAS pension:
- Guaranteed Income Supplement (GIS) -It is an incremental monthly financial assistance given to low-income individuals of old age.
- Allowance -To the lower earning spouse of an OAS pensioner aged 60 to 64 years.
- Allowance for the Survivor – Financial assistance given to widows/widowers aged 60 to 64.
- Provincial Senior Benefits – Some provinces also offer additional financial benefits, such as house rent assistance, subsidies on medicines, etc.
How to avoid tax and clawback on OAS pension?
The OAS pension is a taxable income. If your annual income exceeds $90,997 (as of 2025), the OAS clawback may apply, also known as the OAS recovery tax.
Ways to avoid clawback:
- Invest in a TFSA (Tax-Free Savings Account), which is tax-free and does not increase your taxable income.
- Do pension income splitting to show a lower combined income of the spouses.
- Deferring OAS may help you get more money.
How to apply for OAS?
Most Canadians are automatically enrolled at age 65. If you are not automatically enrolled, you can apply in the following ways:
- Online – Apply from My Service Canada Account.
- By mail – Fill out the OAS application form and send it to Service Canada.
- In person – Apply at your nearest Service Canada office.
- Official website: Canada.ca
Conclusion:
While social media and rumours talk of a one-time OAS pension increase of $770, the truth is that the government has not made any such decision. There is a minor adjustment every quarter based on inflation, but no specific increase is currently proposed. Therefore, seniors should only seek information from the official government website (Canada.ca) and avoid misleading information. Also, for a better retirement, you need to have the right financial planning, tax saving strategies and knowledge of all available government benefits. Remember—with the right planning, senior living can be safe and dignified.
FAQs
1. Is the $770 OAS pension increase in June 2025 confirmed?
A. No, the $770 increase is not officially confirmed. OAS payments are adjusted quarterly based on inflation, not through one-time increases.
2. What is the actual OAS pension amount for June 2025?
A. As of June 2025, the maximum monthly OAS payment is expected to be:
$727.67 for seniors aged 65–74
$800.44 for seniors aged 75 and older
3. When will the next OAS payment be issued?
A. The OAS payment for June 2025 is scheduled for June 27, 2025.
4. What is the Old Age Security (OAS) pension?
A. OAS is a monthly benefit provided by the Government of Canada to seniors aged 65 or older, regardless of their work history.
5. How often does the government increase OAS payments?
A. OAS rates are reviewed and adjusted every three months (January, April, July, October) based on changes in the Consumer Price Index (CPI).
