In a significant financial update for Canadian seniors, the government has confirmed that eligible recipients will receive up to $2,455 in Old Age Security (OAS) deposit payments this June. This boost reflects the federal commitment to help seniors handle rising costs of living amid inflation, healthcare needs, and housing expenses.
What Is the OAS Payment and Who Qualifies?
The Old Age Security (OAS) pension is a monthly payment available to seniors aged 65 and older who meet Canadian legal residency requirements. To qualify for the maximum amount of $2,455, individuals must be at least 75 years old, have lived in Canada for a minimum of 40 years after age 18, and meet the income threshold criteria as outlined by the Canada Revenue Agency (CRA). Seniors between 65 and 74 may receive a slightly lower amount depending on eligibility.
Breakdown of OAS June 2025 Payment
The total amount of $2,455 may include the regular OAS payment, Guaranteed Income Supplement (GIS), and other age-based increases recently introduced by the government. The table below outlines how the amount may be distributed based on age groups:
| Age Group | OAS Monthly | GIS Monthly (if eligible) | Total (approx.) |
|---|---|---|---|
| 65 to 74 | $713 | $1,065 | $1,778 |
| 75 and older | $784 | $1,065 | $1,849 |
| Bonus Adjustment | Up to $600 (one-time increase) | N/A | $2,455 (max) |
Note: These figures are approximate and vary based on income, marital status, and benefit stacking.
When Will You Get Paid?
The June 2025 OAS payment is scheduled for June 26, 2025. If you are signed up for direct deposit, the funds should reflect in your bank account by that date. Those who receive physical cheques may experience a delay of 3–5 business days depending on Canada Post services. To avoid issues, make sure your personal and banking information is up to date with the CRA and Service Canada portals.
How to Confirm Your Eligibility
To verify if you’re eligible for the $2,455 deposit, log in to your My Service Canada Account (MSCA). From there, you can review your OAS statement, benefit amount, and payment history. If any discrepancies exist, reach out to the OAS support hotline or visit a local Service Canada centre. You’ll need your SIN, personal details, and possibly tax return records for verification.
The June 2025 OAS deposit offers critical relief for Canadian seniors, especially those coping with fixed incomes. Whether you’re already enrolled in the OAS program or planning your retirement, now is the time to review your benefit eligibility. Be proactive—check your status, update your records, and secure your rightful support before the payment window closes.
FAQ’s:
1. Can seniors under 75 get the full $2,455?
No, only seniors 75 and older receiving both OAS and GIS with the added bonus will approach the $2,455 amount.
2. Do I have to reapply for OAS every year?
No, once approved, OAS is automatically renewed. However, your GIS may require annual income verification.
3. What happens if I don’t receive my payment on June 26?
Wait 3–5 business days, then contact Service Canada to report a missing or delayed payment.
4. Is the $600 bonus guaranteed for everyone?
No, it’s only for qualifying low-income seniors based on their latest tax return and government assessments.
5. Can I get OAS if I live outside Canada?
Yes, but you must have lived in Canada for at least 20 years after age 18 to qualify for payments abroad.