Kim
Canada’s Old Age Security (OAS) program remains a vital financial support system for millions of Canadian seniors. As the cost of living continues to climb, staying updated on OAS payment dates and eligibility requirements is essential—especially for retirees managing tight budgets.
For May 2025, seniors are looking forward to their monthly Old Age Security payment and many are wondering: when will the deposit arrive, and do I still qualify? Here’s everything you need to know.
OAS May 2025 Payment Date: Mark Your Calendar
The Government of Canada issues Old Age Security payments monthly, typically towards the end of each month. For May 2025, the official OAS payment date is:
May OAS Payment Date: May 29, 2025
It is recommended that seniors check their bank account or My Service Canada Account (MSCA) on or after this date to confirm receipt. While delays are rare, they can occur due to banking holidays or incorrect account information.
Who Is Eligible for OAS in 2025?
Eligibility for Old Age Security remains based on a few core requirements. Whether you’re applying for the first time or verifying continued eligibility, these are the criteria you must meet:
Eligibility Criteria
| Requirement | Details |
|---|---|
| Age | Must be 65 years or older |
| Citizenship or Residency | Must be a Canadian citizen or legal resident |
| Residency Duration (In Canada) | Lived in Canada for at least 10 years after age 18 |
| Residency Duration (Outside Canada) | Lived in Canada for at least 20 years after age 18 |
| Income Threshold (for full OAS) | Net annual income under $90,997 (for 2025; subject to CPI adjustments) |
For those with low incomes, additional benefits like the Guaranteed Income Supplement (GIS) may also be available. You may automatically receive Old Age Security, but if you haven’t been notified by Service Canada, it’s advised to apply at least six months before your 65th birthday.
OAS Payment Amounts for May 2025
Old Age Security payment amounts vary depending on your age, income, and years of Canadian residency. The figures below represent the maximum monthly benefit as of June 2025, with quarterly updates tied to the Consumer Price Index (CPI).
Monthly OAS Payment Breakdown
| Age Group | Maximum Monthly Amount |
|---|---|
| Ages 65 to 74 | $713.34 |
| Ages 75 and older | $784.67 |
This increased amount for seniors aged 75+ was introduced to help combat rising expenses in healthcare, food, and housing costs, ensuring additional support for the oldest members of Canada’s population.
How to Apply for or Update Your OAS Information
Even if you are already receiving Old Age Security, keeping your information up to date is crucial to avoid delays or overpayments. Here’s what to know:
When to Apply
- Apply six months before your 65th birthday
- Check if you’ve been automatically enrolled via My Service Canada Account
Update Your Information If You:
- Moved to a new address
- Changed your bank account
- Moved outside Canada
- Experienced a change in marital status
International Old Age Security payments are available in most countries via International Direct Deposit, but the eligibility rules for non-residents may differ slightly.
Future of OAS: What’s Next?
As of June 2025, the government has not announced any major policy changes to the OAS program. However, with inflationary pressures and an aging population, many expect adjustments in the coming years.
The government regularly reviews the Old Age Security program to maintain its financial sustainability and relevance. It’s wise for seniors and near-retirees to stay informed by following updates from Service Canada and the federal budget announcements.
The Old Age Security (OAS) payment for May 2025 is scheduled for May 29, providing essential monthly support for eligible Canadian seniors. With amounts reaching up to $784.67 for those aged 75+, this benefit is crucial for many households.
Staying informed about your eligibility, keeping your information updated, and understanding how the program adapts to inflation and policy changes ensures that you continue to receive the support you deserve.
Whether you’re newly eligible or a long-time recipient, OAS remains a cornerstone of financial security for Canada’s aging population.
FAQs
What should I do if I don’t receive my OAS payment on May 29, 2025?
Check your bank account, and if no deposit appears within a few days, log in to My Service Canada Account or call Service Canada for assistance.
Can I receive OAS if I live outside Canada?
Yes, if you’ve lived in Canada for at least 20 years after age 18, you may continue to receive OAS payments even if you’re abroad.
Will OAS payments increase in the future?
OAS payments are adjusted quarterly based on the Consumer Price Index. Increases are possible depending on inflation and government policy.