A $2,455 Old Age Security (OAS) payment is scheduled for eligible Canadian seniors in May 2025. This amount usually refers to an annual payment for individuals receiving a partial OAS pension, depending on their years of residency in Canada after age 18.
The OAS program is one of Canada’s most important retirement income supports, offering monthly payments to seniors aged 65 and older. The amount each recipient gets varies based on their age, years lived in Canada, and income.
Eligibility Criteria for the $2,455 OAS Payment
To receive the Old Age Security payment in May 2025, individuals must meet specific eligibility requirements:
- Age: Must be 65 years or older.
- Residency: Must have lived in Canada for at least 10 years after turning 18.
- Citizenship Status: Must be a Canadian citizen or a legal resident at the time of approval.
- Income: Those with high incomes may experience a clawback but basic eligibility is not income-restricted.
If you have lived in Canada for 40 years after age 18, you qualify for the full pension. If you lived for fewer years, you will receive a proportional amount.
OAS Payment Amounts: May 2025
The following table shows the latest Old Age Security payment amounts:
| Age Group | Monthly OAS Payment | Annual OAS Payment |
|---|---|---|
| 65 to 74 years | $727.67 | $8,732.04 |
| 75 years and older | $800.44 | $9,605.28 |
- The $2,455 figure usually applies to individuals who are eligible for only a partial pension, often around 25% of the full pension due to shorter residency.
- Partial pension example: 25% of $727.67 equals about $181.92 per month, totaling approximately $2,183 per year.
Payment Date for May 2025
For seniors expecting their Old Age Security deposit in May 2025, the payment date is:
- May 28, 2025
Payments are typically made through direct deposit. It is important to ensure that direct deposit details are current to avoid any delay.
Additional Support: Guaranteed Income Supplement (GIS)
In addition to the Old Age Security payment, eligible low-income seniors may also receive the Guaranteed Income Supplement (GIS), which is a non-taxable benefit.
| Marital Status | Maximum Monthly GIS |
|---|---|
| Single, widowed, or divorced | $1,086.88 |
| Married/common-law (spouse gets OAS too) | $654.23 |
GIS amounts are adjusted quarterly based on inflation and changes in income.
Tax Implications and OAS Clawback Threshold
Old Age Security payments are taxable income. Seniors with high income might be subject to the OAS Recovery Tax, often called the clawback.
For the 2025 payment cycle:
- Clawback starts if net income exceeds $86,912.
- Full Old Age Security payment may be eliminated if income exceeds around $142,609 (ages 65–74) or $148,179 (75+ years).
Those affected will have amounts deducted automatically from their OAS payments.
How to Apply for OAS
Seniors who are not automatically enrolled should apply at least six months before their 65th birthday. There are two primary ways to apply:
- Online Application: Through the official government portal.
- Paper Application: By filling and submitting the Old Age Security Application form by mail.
Those already receiving Old Age Security need not reapply unless their circumstances change significantly.
Summary of Key Details
Here’s a quick snapshot:
| Aspect | Details |
|---|---|
| Payment Amount (partial) | Up to $2,455 annually |
| Full Monthly Payment (65–74) | $727.67 |
| Full Monthly Payment (75+) | $800.44 |
| Payment Date for May 2025 | May 28, 2025 |
| Additional Benefit | GIS available for low-income seniors |
The $2,455 OAS payment in May 2025 offers valuable support to eligible Canadian seniors, particularly those qualifying for partial pensions.
By understanding eligibility criteria, payment schedules, and tax implications, recipients can better plan their retirement finances. Ensure that your banking information is updated and review income thresholds carefully to avoid any Old Age Security clawbacks.
For those needing extra support, the Guaranteed Income Supplement offers further assistance based on income.
FAQs
What if I miss the OAS application deadline?
You can apply for retroactive payments for up to 11 months from your application date.
Can OAS payments continue if I move abroad?
Yes, if you have lived in Canada for 20 years after turning 18, you can receive Old Age Security outside Canada.
How much is deducted if my income exceeds the clawback threshold?
For every $1 over the threshold, 15 cents are deducted from your OAS payment.