As of May 2025, the Old Age Security (OAS) program remains a critical component of Canada’s retirement income system, providing seniors with monthly financial support.
With inflation and the cost of living continuing to rise, understanding how much you’ll get, who qualifies, and the tax implications is essential for all Canadian seniors.
OAS May 2025 Payment Schedule and Amounts
The Government of Canada has scheduled OAS payments for May 29, 2025. Payment amounts vary based on the recipient’s age and residency duration.
OAS Payment Details for May 2025
| Category | Amount (CAD) |
|---|---|
| Payment Date | May 29, 2025 |
| Monthly (Age 65–74) | Up to $727.67 |
| Monthly (Age 75+) | Up to $800.44 |
| Clawback Threshold Begins | $86,912 |
| Full Benefit Eliminated At | $142,609 (65–74) / $148,179 (75+) |
These amounts are adjusted quarterly to reflect changes in the Consumer Price Index (CPI).
Understanding the Old Age Security Program
The Old Age Security (OAS) is a federally funded pension not based on employment contributions. It supports Canadians aged 65 and older and is one of the three main pillars of Canada’s retirement system:
- OAS – Government-funded base income
- CPP/QPP – Contributions from employment
- Private Savings – RRSPs, TFSAs, pensions
OAS Eligibility Criteria – Who Qualifies in May 2025?
If You Reside in Canada:
- Must be 65 years or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years after turning 18
If You Live Abroad:
- Must have been a Canadian citizen or legal resident before leaving
- Must have lived in Canada for at least 20 years after age 18
Optional Delay Bonus: Postponing OAS after 65 increases your monthly benefit by 0.6% per month, up to 36% at age 70.
Are OAS Payments Taxable in 2025?
Yes, OAS is considered taxable income. All recipients must report it on their annual income tax returns.
OAS Clawback (Recovery Tax):
If your annual net income exceeds $86,912, a 15% reduction is applied to the excess amount.
- Benefit completely eliminated at:
- $142,609 (ages 65–74)
- $148,179 (ages 75+)
Guaranteed Income Supplement (GIS) Details
The GIS is a non-taxable supplement for low-income seniors who receive OAS.
2025 GIS Income Limits
| Situation | Annual Income Limit |
|---|---|
| Single senior | Under $21,624 |
| Couple (both receiving OAS) | Under $28,560 combined |
| Couple (only one on OAS) | Under $51,840 combined |
GIS amounts vary depending on specific income and living arrangements.
How to Apply for OAS in 2025
If you’re not auto-enrolled, here’s how to apply:
Online:
- Log in to My Service Canada Account
- Submit your application digitally
By Mail:
- Download the paper form
- Complete and send to Service Canada with documents
It’s best to apply six months before your 65th birthday.
The OAS payments for May 2025 offer vital income support for Canadian seniors amid rising economic pressures.
With up to $800.44 per month for those aged 75+, and GIS supplements for low-income recipients, it’s essential to stay informed on eligibility, tax implications, and clawback limits. Ensure you apply on time and maximize your retirement benefits.
FAQs
What is the OAS payment date for May 2025?
The scheduled OAS payment date is May 29, 2025.
Can OAS payments be increased by delaying enrollment?
Yes. Delaying OAS past age 65 increases the benefit by 0.6% per month, up to a maximum of 36% by age 70.
Is the GIS payment taxable?
No. GIS payments are non-taxable and are intended to help low-income seniors.