The Government of Canada has announced a $2,250 one-time Old Age Security (OAS) payment for eligible seniors in May 2025. This initiative aims to provide financial support to older Canadians amid rising living costs.
What Is the $2,250 OAS Payment?
The $2,250 Old Age Security payment is a one-time financial boost for seniors aged 75 and over who are current OAS recipients. This payment includes:
- Regular Old Age Security Pension: Up to $800.44 per month for seniors aged 75 and over.
- Guaranteed Income Supplement (GIS): Up to $1,086.88 per month for low-income seniors.
- Cost of Living Adjustment (COLA): Adjustments based on the Consumer Price Index.
- One-Time Inflation Relief Credit: A special payment to offset rising living costs.
Eligibility Criteria
To qualify for the $2,250 OAS payment, you must:
- Be 75 years or older by May 2025.
- Be a Canadian citizen or legal resident.
- Have lived in Canada for at least 10 years after the age of 18.
- Be currently receiving Old Age Security benefits.
Note: No additional application is required if you already receive Old Age Security benefits.
Payment Schedule
The $2,250 OAS payment will be disbursed on May 28, 2025.
- Direct Deposit: Funds will be automatically deposited into your account.
- Cheque Delivery: Mailed cheques may take up to 5 business days to arrive.
Tax Implications
The $2,250 Old Age Security payment is considered taxable income. Seniors with an annual net income exceeding $93,454 in 2025 may be subject to the Old Age Security recovery tax, leading to partial or full repayment of Old Age Security benefits.
Comparison with Previous Years
| Year | Regular OAS (Monthly) | GIS (Monthly) | One-Time Credit | Total Monthly Equivalent |
|---|---|---|---|---|
| 2023 | $615.37 | $550.00 | $0 | $1,165.37 |
| 2024 | $685.50 | $580.00 | $300.00 | $1,565.50 |
| 2025 | $800.44 | $1,086.88 | $750.00 | $2,637.32 |
Note: Figures are approximate and may vary based on individual circumstances.
The $2,250 OAS payment in May 2025 reflects the Canadian government’s commitment to supporting seniors amid economic challenges.
Eligible seniors should ensure their information with Service Canada is up to date to receive this benefit promptly.
FAQs
Do I need to apply for the $2,250 OAS payment?
No, if you’re already receiving Old Age Security benefits and meet the eligibility criteria, the payment will be made automatically.
Is the $2,250 OAS payment taxable?
Yes, the payment is taxable and should be reported on your 2025 tax return.
What should I do if I don’t receive the payment?
If you haven’t received the payment by early June 2025, contact Service Canada at 1-800-277-9914.