Canada’s $770 OAS Pension Raise: The Canadian government’s Old Age Security (OAS) scheme is a very important financial support for the elderly citizens there. Recently, the news is spreading rapidly that the OAS pension is going to increase by $770 in July 2025.
But is this news true? Will the government really give an additional pension of $770 at once in July 2025? In this article, we will answer all these questions in simple language and provide all the necessary information related to OAS pension, such as eligibility, payment dates, other benefits and schemes related to OAS.
Will There Really Be a Pension Increase of $770?
This rumor is widely spread on social media and some unofficial websites that all senior citizens will be given an additional pension of $770 in July 2025. But the truth is that the government has not made any such announcement.
The OAS pension increases every quarter (once in 3 months) and this increase is done only on the basis of inflation. That is, it is a regular process — there is no one-time, sudden $770 increase planned.
What Will Be the Likely Amount of OAS in July 2025?
The current pension amount announced by the government is as follows:
- For seniors aged 65 to 74: $727.67 per month
- For seniors aged 75 years or older: $800.44 per month
This amount is expected to remain almost the same in July 2025, unless there is a slight increase based on the CPI (Consumer Price Index) in April 2025.
What Is OAS Pension?
Old Age Security or OAS pension is a government scheme that is given to seniors who are 65 years of age or older. The special thing about this scheme is that for this you do not need to work in Canada, nor do you have to make any special contribution (like you have to pay in CPP).
OAS is funded through the government’s tax system, meaning it’s available to everyone — provided you’re eligible.
Eligibility Criteria for OAS
If you want to apply for an OAS pension or want to know if you’ll get one, read the criteria below carefully:
- Age: You must be 65 years of age or older.
- Citizenship: You must be a Canadian citizen or permanent resident.
- Residence period: You must have lived in Canada for at least 10 years after turning 18.
- For the full pension: If you’ve lived in Canada for 40 years or more after turning 18, you’re entitled to the full amount of OAS.
OAS Payment Dates in July 2025
OAS payments are made on the third last business day of each month. In July 2025, the OAS amount will be deposited directly into your bank account or sent via check on July 29, 2025.
Possible Payment Dates for the Rest of 2025
- August – August 27, 2025
- September – September 25, 2025
- October – October 29, 2025
- November – November 26, 2025
- December – December 22, 2025
Other Financial Assistance Schemes
Apart from the OAS pension, the government also provides other types of financial assistance to senior citizens. Some of these are:
- Guaranteed Income Supplement (GIS): This is given along with the OAS pension, but only to those who have a low annual income.
- Allowance: This is given to the spouse of those who are 60-64 years of age and whose spouse is receiving OAS.
- Allowance for the Survivor: This scheme is for widowed men and women who are 60 to 64 years of age and have a low annual income.
- Provincial Benefits: Many provinces also offer additional senior benefits to their citizens, such as rent assistance, drug discounts, etc.
Tax and Clawback on OAS
The amount received from OAS is fully taxable. If your annual income exceeds $90,997 (as of 2025), you may have to pay OAS Recovery Tax i.e. Clawback. This means that your pension amount will be reduced.
How to Avoid OAS Clawback?
- Use TFSA: Income from Tax-Free Savings Account is tax free.
- Splitting Pension Income: You can share your pension income with your spouse so that the taxable income of both is reduced.
- Defer OAS: You can defer OAS payments, so you’ll receive more money later.
Read more: DWP £799 Cost of Living Vouchers 2025: Dates and Eligibility Details
How to Apply for OAS?
Most people are automatically enrolled for OAS at age 65, but if you haven’t heard from them, you can apply in the following ways:
- Online: Through My Service Canada Account.
- By mail: Fill out an OAS application form and send it to Service Canada.
- In person: Apply at your nearest Service Canada office.
Tips for Retirement Planning
If you want to be prepared for retirement in addition to OAS, keep these things in mind:
- CPP (Canada Pension Plan): Take CPP along with OAS.
- TFSA and RRSP: Invest in both plans so you can get tax benefits and have income after retirement.
- Make a budget: Evaluate your expenses and needs properly so you don’t face any problems in the future.
Conclusion
There will be no significant hike in the $770 OAS pension in July 2025. This is a rumour being spread on social media.
The government gives small hikes based on CPI every quarter, not a one-time hike like the $770.
Still, if you meet all the eligibility conditions, you can benefit from schemes like OAS as well as GIS.
Keep your documents updated, track your income and apply on time — all these things ensure that your retirement plan is strong.
FAQs
Q: What will be the maximum OAS amount in July 2025?
Answer: $727.67 per month for ages 65-74, and $800.44 per month for ages 75 and older.
Q: Will the $770 pension increase in July 2025?
Answer: No. The government has not made any such announcement. Pension increases are based only on CPI (inflation).
Q: How to avoid the OAS Clawback?
Answer: Invest in a TFSA, share pension income with a spouse, or defer OAS payments for a while.
Q: What is the next payment date for OAS?
Answer: The next payment date for July 2025 is 29 July 2025.
