In June 2025, many Canadians are hearing rumors about a $700 Old Age Security (OAS) boost. It’s made headlines, sparked conversations, and raised hopes for increased financial relief. But here’s the truth: there is no confirmed one-time $700 OAS increase on the table.
What is real, though, is the existing structure of OAS, ongoing quarterly increases due to inflation, and additional benefits like GIS and Allowances. Let’s clear up the confusion and give you a clear picture of what’s actually available—and how to make sure you’re getting every dollar you’re entitled to.
Overview
| Topic | Details |
|---|---|
| Max OAS (Ages 65–74) | $727.67/month |
| Max OAS (Ages 75+) | $800.44/month |
| OAS Recovery Tax Threshold | $86,912 |
| GIS Max (Single Seniors) | $1,086.88/month |
| Combined OAS + GIS (Single) | Up to $1,814.55/month |
| Allowance (Ages 60–64) | Up to $1,381.90/month |
| Payment Dates (May–June 2025) | May 28, June 26, June 28 |
| Official Info | Visit Canada.ca OAS page |
What Is OAS?
Old Age Security is a monthly pension paid to seniors 65 and older in Canada. Unlike CPP, which is based on work history, OAS eligibility depends mostly on age, residency, and legal status in Canada.
If you’ve lived in Canada for 40 years after turning 18, you’re likely eligible for the full OAS amount. If you’ve lived here for fewer years, you may receive a partial amount.
Who Qualifies?
You can receive OAS if you:
- Are 65 or older
- Are a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years since age 18
- File your income taxes annually
Current OAS Payments (June 2025)
OAS amounts are reviewed quarterly and adjusted for inflation using the Consumer Price Index. Here are the current maximum amounts:
- Ages 65–74: $727.67/month
- Ages 75+: $800.44/month
These amounts are automatically adjusted every three months, but large jumps like $700 in one payment aren’t standard practice.
Is the $700 OAS Boost Real?
No, there is no $700 one-time boost to OAS confirmed by the federal government. The rumor likely stems from confusion with other programs or past one-time payments during the pandemic or inflation surges.
However, if you combine OAS with other available benefits—like GIS—you could receive over $1,800 per month as a low-income senior.
Extra Help for Low-Income Seniors
Available to seniors with low or no income aside from OAS.
- Single: Up to $1,086.88/month
- Couples: Up to $654.23/month each (if both receive OAS)
Allowance (Ages 60–64)
This is for people who are not yet 65 but whose spouse or partner is already receiving OAS and GIS.
- Max monthly amount: $1,381.90
Allowance for the Survivor
If your spouse or partner has passed away and you’re aged 60–64:
- Max monthly amount: $1,647.34
All of these benefits are tax-free and income-tested.
OAS Recovery Tax
If your income is over $86,912, you may be subject to the OAS Recovery Tax—a clawback that reduces or eliminates your payments.
Example Calculation:
If your income is $96,000:
- Excess = $96,000 – $86,912 = $9,088
- Repayment = 15% of $9,088 = $1,363.20
This would be deducted from your OAS payments over the next benefit year.
Upcoming OAS Payment Dates
OAS is paid monthly. Key dates from May to June 2025 include:
- May 28, 2025
- June 26, 2025
- June 28, 2025
Make sure your direct deposit info is current with Service Canada to avoid payment delays.
How to Apply for OAS
Some seniors are automatically enrolled, but others need to apply. Here’s how:
Step 1: Check if you’ve received a notice from Service Canada
Step 2: If not enrolled, apply online using your My Service Canada Account or by mail
Step 3: Apply at least six months before turning 65
Once approved, you’ll receive a confirmation letter with your payment start date.
Mistakes to Avoid
- Missing the application window: Apply early to avoid delayed payments
- Not updating your income: Can impact GIS eligibility or result in clawbacks
- Ignoring Service Canada letters: They may contain vital updates or corrections
By knowing your entitlements, staying on top of income changes, and keeping your information updated, you can make the most out of OAS—even if there’s no $700 bonus coming your way.
FAQs
Is there a $700 OAS boost in June 2025?
No, there is no confirmed $700 one-time OAS increase.
What is the current OAS monthly amount?
$727.67 for ages 65–74, and $800.44 for 75+.
When is the next OAS payment?
Next dates are May 28, June 26, and June 28, 2025.
Who qualifies for GIS?
Low-income seniors receiving OAS and meeting income limits.
Do I have to apply for OAS?
Some are auto-enrolled, but others must apply 6 months before age 65.
