Canadian seniors will see a boost in Old Age Security (OAS) payments in August 2025, following the July cost-of-living adjustment. Seniors aged 75 and over will now receive up to $808.45 per month, while those aged 65 to 74 will get a maximum of $734.95 per month.
These increases aim to help retirees better manage rising costs for essentials like housing, groceries, and utilities.
What is Old Age Security (OAS)?
The Old Age Security program is a foundational federal pension for Canadians aged 65 and older.
It is funded through general tax revenue, meaning you do not need to have worked or contributed to receive it.
Old Age Security payments are reviewed and adjusted quarterly—in January, April, July, and October—to reflect changes in inflation. Payments never decrease, even if inflation slows.
August 2025 Old Age Security Payment Amounts
| Age Group | Maximum Monthly Amount (as of July 2025) |
|---|---|
| 65 to 74 | $734.95 |
| 75 and over | $808.45 |
Note: Actual payment amounts vary depending on years of Canadian residency and income.
What the Increase Means for Seniors
- Aged 75+: The higher maximum of $808.45 helps address the greater healthcare and living expenses often faced by older seniors.
- Aged 65–74: While the rate remains lower, the July 2025 adjustment still reflects inflation protection.
This update comes at a time when grocery, housing, and utility costs remain high, offering much-needed financial support.
August 2025 Old Age Security Payment Date
The next Old Age Security payment will be issued on Tuesday, August 27, 2025.
- Direct deposit: Funds will be available in your bank account on payment day.
- Cheque by mail: May take 5–7 additional business days to arrive.
Eligibility for Old Age Security
You may qualify for OAS if you:
- Are 65 years or older.
- Are a Canadian citizen or legal resident at the time your application is approved.
- Have lived in Canada for at least 10 years since turning 18.
- If living outside Canada, have at least 20 years of Canadian residency after age 18.
OAS Clawback (Recovery Tax)
High-income seniors may have to repay part of their Old Age Security through the OAS Recovery Tax:
- Aged 65–74: Repayment starts if net income exceeds $148,541.
- Aged 75+: Repayment starts if net income exceeds $154,196.
Applying for Old Age Security
Most Canadians are automatically enrolled in OAS and will receive a notice from Service Canada before their 65th birthday. If not, you can apply:
- Online via My Service Canada Account
- By mail using the Old Age Security application form
- In person at a Service Canada office
You can start Old Age Security anytime between 65 and 70. Delaying increases your monthly amount by up to 36%.
Taxability and Voluntary Deductions
Old Age Security payments are taxable income. By default, no tax is withheld, but you can request voluntary deductions to avoid a larger year-end tax bill. This can be arranged online or via a paper form.
2025 Old Age Security Payment Schedule
| Month | Payment Date |
|---|---|
| August | August 27, 2025 |
| September | September 25, 2025 |
| October | October 29, 2025 |
| November | November 26, 2025 |
| December | December 22, 2025 |
Tip: Signing up for direct deposit ensures you receive payments quickly and securely.
The August 2025 Old Age Security payment increase to $808.45 for seniors 75+ and $734.95 for those aged 65–74 reflects the government’s commitment to protecting retirees’ purchasing power against inflation.
With payments arriving August 27, seniors should ensure their banking and personal information is up to date to receive benefits without delay.
FAQs
How much Old Age Security will I get in August 2025?
Up to $734.95 for ages 65–74 and up to $808.45 for ages 75+, depending on your residency and income.
Do I have to apply for OAS?
Most are automatically enrolled. If you are not, you must apply through Service Canada.
Will the OAS increase again in 2025?
OAS is reviewed quarterly. The next potential adjustment will be in October 2025.