If you’re a Canadian senior aged 65 or older, you may already be aware of the federal government’s Old Age Security (OAS) program — one of the cornerstones of Canada’s retirement income system. Whether you’re currently receiving OAS or approaching retirement age, staying informed about the latest payment schedules and eligibility rules is crucial.
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For May 2025, a new round of OAS payments is on the way. This comprehensive guide covers everything you need to know, including exact payment dates, how much you can expect to receive based on your age, eligibility criteria, tax considerations, and how to confirm your enrollment.
When Will the May 2025 OAS Payment Be Made?
The Old Age Security Payments in May 2025 are scheduled to be issued on Wednesday, May 28, 2025. Payments are typically processed during the last week of each month and may arrive by direct deposit or cheque, depending on the method selected through Service Canada.
If you’re enrolled for direct deposit, you can expect funds to appear in your bank account on the payment date. Those receiving cheques may experience a slight delay depending on postal delivery times.
How Much Will Seniors Receive in May 2025?
The amount of your OAS payment depends on your age and income level. As of May 2025, here are the maximum monthly amounts:
| Age Group | Maximum Monthly Payment |
|---|---|
| 65 to 74 years old | Up to $727.67 |
| 75 years and older | Up to $800.44 |
Note: These amounts are indexed quarterly based on the Consumer Price Index (CPI). While payments may increase due to inflation, they will not decrease, even if inflation drops.
Your actual payment could be lower if your annual income exceeds the income threshold for full benefits. To get a personalized estimate, use the OAS Benefits Estimator on the Service Canada website.
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Who Is Eligible for OAS Payments in May 2025?
To qualify for OAS payments, you must meet all of the following criteria:
- Be 65 years of age or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years after turning 18
Even if you currently live outside of Canada, you may still qualify if:
- You were a Canadian citizen or legal resident when you left the country
- You lived in Canada for at least 20 years after age 18
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How to Apply for Old Age Security (OAS)
Most Canadians are automatically enrolled in OAS, typically around their 64th birthday, and will receive a notification letter from Service Canada. This letter will provide your projected start date and payment details.
If you don’t receive a letter within a month of turning 64, you should:
- Log into your My Service Canada Account (MSCA) to apply online
- OR fill out and mail the Application for the Old Age Security Pension (ISP-3000) form, along with any required documents
You can choose to start receiving OAS payments anytime between ages 65 and 70. The later you start, the higher your monthly payment will be — up to a maximum increase of 36% at age 70.
Is the Old Age Security Payment Taxable?
Yes, OAS payments are taxable income. You can choose to:
- Have federal income tax deducted automatically from your monthly OAS payments, or
- Pay the tax amount owed when you file your annual tax return
To request voluntary tax deductions, log into MSCA or submit the form ISP-3520CPP-OAS to Service Canada.
OAS Payment Schedule for the Rest of 2025
Here are the upcoming payment dates following the May 2025 disbursement:
| Month | Payment Date |
|---|---|
| June | June 26, 2025 |
| July | July 29, 2025 |
| August | August 27, 2025 |
| September | September 25, 2025 |
| October | October 29, 2025 |
| November | November 26, 2025 |
| December | December 22, 2025 |
Make sure to mark these dates and plan your budget accordingly.
FAQs About OAS Payments 2025
Q1: How do I check if I’m eligible for OAS?
Visit Service Canada’s OAS Estimator Tool or contact their support line. You’ll need to know your years of residence in Canada and current citizenship/residency status.
Q2: Can I delay receiving my OAS?
Yes. You can delay your OAS payment up to age 70 to receive a higher monthly amount.
Q3: What if I never received my enrollment letter?
Contact Service Canada or apply manually via the website or a paper form.
Q4: Will my payment decrease if inflation drops?
No. Payments are adjusted for inflation quarterly, but they never decrease.
Conclusion
Understanding the Old Age Security Payments in May 2025 is essential for all Canadian seniors planning for a secure retirement. With rising living costs, every dollar counts. Make sure you’re enrolled, check your payment dates, and estimate your monthly benefit using the tools available through Service Canada.
By taking these steps, you’ll be better prepared to manage your retirement income and enjoy peace of mind knowing your financial support is on schedule.
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