If you’re a senior in Canada who relies on government payments like the Canada Pension Plan and Old Age Security (OAS), here’s some good news — March 2025 OAS payments are just around the corner.
Old Age Security is a monthly benefit provided by Service Canada through Employment and Social Development Canada. It’s designed to support Canadians aged 65 and older with their retirement expenses. While many seniors are automatically enrolled, not everyone qualifies, so it’s important to check your eligibility.
When are the March 2025 OAS payments coming?
Mark your calendars! The March OAS payment is scheduled to be deposited on Thursday, March 27, 2025. Payments are generally sent out on the last week of every month.
How much can you get?
For March 2025, eligible seniors between 65 and 74 can receive up to $727.67. For those aged 75 and over, the maximum amount is $800.44. The exact amount you’ll receive depends on your income. Payments are reviewed quarterly to keep up with inflation, but they never decrease.
Who’s eligible?
You may qualify for OAS if you:
- Are 65 years old or older.
- Are a Canadian citizen or legal resident when your application is approved.
- Have lived in Canada for at least 10 years after turning 18.
Even if you’ve moved abroad, you might still be eligible if you were a Canadian citizen or legal resident before leaving and lived in Canada for at least 20 years as an adult.
How to apply
Most Canadians are automatically enrolled, but if you’re not, Service Canada will usually send you a letter around your 64th birthday. To apply, you can log in to your My Service Canada Account and apply online or mail a paper application form at a Service Canada office.
Is OAS taxable?
Yes, OAS payments count as taxable income. You can choose to have taxes withheld from your monthly payments or pay them later when filing your taxes. Service Canada will provide the appropriate tax slip for your location.
To help you stay on top of things, here’s a look at the upcoming OAS payment dates for 2025:
- April 28
- May 28
- June 26
- July 29
- August 27
- September 25
- October 29
- November 26
- December 22
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