In 2025, Canadian seniors have the opportunity to receive $1,790 in Old Age Security (OAS) monthly, along with an additional $943 in Guaranteed Income Supplement (GIS) benefits for low-income retirees.
These government programs are essential for ensuring financial security during retirement. Here’s a detailed breakdown of the eligibility criteria, payment process, and how to maximize your benefits.
What Are OAS and GIS Benefits?
The Old Age Security (OAS) program is Canada’s primary pension plan, providing financial support to seniors aged 65 and above.
The Guaranteed Income Supplement (GIS) is an additional benefit for low-income seniors receiving Old Age Security. Both programs are designed to improve financial well-being and reduce poverty among retirees.
- OAS Payments: Indexed to inflation and available without prior contributions.
- GIS Payments: Targeted for low-income seniors and calculated based on income.
| Aspect | Details |
|---|---|
| Monthly Old Age Security Payment | Up to $1,790 per month. |
| GIS Additional Benefit | Up to $943 monthly for eligible low-income seniors. |
| Eligibility Criteria | Canadian citizens/legal residents aged 65+. |
| Payment Dates | Last three banking days of each month. |
| Clawback Threshold | Begins at $91,000 annual income (2025). |
Eligibility Criteria
1. Age
- Must be 65 years or older to qualify for Old Age Security.
- GIS eligibility requires concurrent OAS qualification.
2. Residency
- Canadian citizens or legal residents.
- Partial OAS benefits available with at least 10 years of residency in Canada after age 18.
- Full Old Age Security benefits require 40 years of residency after age 18.
3. Income
- GIS eligibility depends on annual income thresholds:
- Single seniors: $20,952 or less.
- Couples (both receive OAS): $27,648 or less.
- Couples (one partner receives Allowance): $38,592 or less.
Payment Schedule for 2025
OAS and GIS payments are made on the last three banking days of each month. Below is the payment schedule for 2025:
| Month | Payment Dates |
|---|---|
| January | 29th, 30th, 31st |
| February | 26th, 27th, 28th |
| March | 28th, 29th, 31st |
| April | 28th, 29th, 30th |
| May | 29th, 30th, 31st |
| June | 27th, 28th, 30th |
| July | 30th, 31st, August 1st |
| August | 28th, 29th, September 1st |
| September | 27th, 30th |
| October | 29th, 30th, 31st |
| November | 28th, 29th, December 1st |
| December | 30th, 31st, January 2nd (2026) |
How to Apply
Step 1: Verify Eligibility
- Use the OAS Eligibility Tool online to confirm qualification.
Step 2: Gather Documents
- Birth certificate or passport.
- Social Insurance Number (SIN).
- Residency proof.
- Financial documents showing annual income.
Step 3: Submit Application
- Online: Via My Service Canada Account.
- Mail: Download and mail the application to Service Canada.
- In-Person: Visit your nearest Service Canada office.
Step 4: Track Application
- Monitor the status online through your My Service Canada Account.
How to Maximize OAS and GIS Benefits
- Delay Payments
- Postpone Old Age Security past age 65 for a 0.6% monthly increase (up to 36% at age 70).
- Minimize Taxable Income
- Utilize Tax-Free Savings Accounts (TFSA) and income-splitting strategies to reduce taxable income and avoid clawbacks.
- Combine Benefits
- Check provincial programs for additional housing, health, and utility subsidies.
The $1,790 OAS benefit plus the $943 GIS in 2025 provides essential financial support for Canadian seniors.
By understanding the eligibility criteria, payment schedules, and strategies to maximize benefits, retirees can better plan for a secure and comfortable future. Don’t miss out—ensure you apply and optimize your entitlements today!
FAQs
What happens if my income exceeds the GIS threshold?
Your GIS benefit decreases by $1 for every $2 of additional income. Ensure your income stays below the threshold to maximize your payment.
Can I receive partial OAS benefits if I lived outside Canada?
Yes, you can qualify for partial benefits if you have lived in Canada for at least 10 years after turning 18.
Are OAS and GIS payments taxable?
Old Age Security payments are taxable and subject to clawbacks for high earners.
GIS payments are non-taxable.
