In Canada the Old Age Security (OAS) pension payments benefits will rise modestly in October 2025. The new maximum rates will increase to approximately eight hundred and eight (808)per month, which represents quarterly inflationary changes using Consumer Price Index (CPI). Such payment is essential to elderly people of 65 years or more who have a place of residence and citizenship. This article outlines eligibility requirements of OAS payments, payout schedule in October 2025, and outlines important information that seniors need to know.
What is Old Age Security (OAS)?
OAS is a state-funded pension scheme that aims at ensuring that eligible Canadians have a small retirement payment. It supplements the Canada Pension Plan (CPP) and other retirement savings plans in order to provide stability and income support on later years. The payment on OAS is generally taxable and is quarterly adjusted in order to match the inflation rate.
Eligibility requirements to OAS Payments
In order to qualify in OAS in 2025, the applicants will be required to:
– Be aged 65 or older.
– Citizens of Canada or must be a legal resident of Canada when applying.
– have lived in Canada a minimum of 10 years since 18 (20 years in the case of applicants not living in Canada).
– Filed all the necessary income tax forms to be calculated and adjusted.
There are some income levels that result in a recovery tax, an OAS clawback, that cuts payments to wealthy seniors. The clawback takes effect at a level of around; 93,454 and fully goes out at around 151,775 in the case of retirees aged 65-74.
Projected rates of payment in October 2025
OAS rates are quarterly, and indexed to inflation. The growth is projected to be about 0.7 during the period of October to December 2025. The new maximum monthly payments will be about:
– $742 for seniors aged 65 to 74 years.
– $814 among seniors who are 75 years old and above.
According to some sources, an increase in the maximum to approximately 808 a month based on certain factors could be the result of a further increase.
October 2025 Payout Schedule
The OAS payment on October 2025 will be made on October 29, 2025, to the seniors who will be on the direct deposit. The elderly who are on physical cheques will take a bit longer to get them because they will be delivered by post.
| Benefit | Payment Date | Approximate Amount |
|---|---|---|
| Old Age Security (OAS) | October 29, 2025 | Up to $808 per month |
OAS is important to Seniors
The OAS program is also a foundation of retirement security in Canada, and the program assists more than 7 million seniors to secure a steady income as the cost of living increases. The quarterly inflation indexing is essential in maintaining the purchasing power of retirees against inflation in the prices of basic commodities such as housing, food and medical care.
FAQs
Q: To be increased to the OAS October 2025, do I have to apply?
A: No, the enhancement will be automatic to existing beneficiaries.
Q: How do you know the date of the OAS payment in October 2025?
A: You are to make payments on October 29, 2025.
Q: Who is eligible to OAS outside of Canada?
A: Citizens who have been residing in Canada since they were at least 18 years of age and who have been residing in Canada at least 20 years.
