If you are 65 or older and count on Old Age Security (OAS) to manage your living expenses, your August 2025 payment is on the horizon — and it remains slightly higher compared to earlier this year.
What is Old Age Security (OAS)?
OAS is one of the federal government’s primary programs designed to provide financial support to senior Canadians.
Whether you are fully retired or working part-time, this monthly pension helps cover essential costs such as rent, food, and transportation.
Payments are reviewed quarterly to account for inflation, with the most recent increase taking effect in July 2025.
OAS Payment Amounts for August 2025
As of July 2025, the maximum OAS rates were adjusted slightly upward due to inflation.
- Seniors aged 65 to 74: Up to $734.95 per month
- Seniors aged 75 and older: Up to $808.45 per month
These new rates represent a modest increase from the previous quarter. OAS payments are reviewed every January, April, July, and October. While payments can rise, they never decrease, even if inflation falls.
If you also qualify for the Guaranteed Income Supplement (GIS), your total monthly benefits could reach or exceed $1,800, depending on your income and marital status.
When Will the August OAS Payment Be Deposited?
According to the Government of Canada’s payment schedule, the August 2025 OAS deposit is scheduled for Tuesday, August 27, 2025.
- Direct Deposit: The payment will appear in your account on that date.
- Cheque Payments: Expect delivery within a few additional business days.
Generally, OAS payments are issued toward the end of the month.
Who is Eligible for OAS?
To receive OAS, you must meet these criteria:
- Be 65 years or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years since the age of 18
For those living outside Canada, eligibility remains possible if you spent 20 years or more in Canada as an adult.
High-income seniors may face OAS clawbacks. In 2025, repayment begins at a net income of $148,541 (ages 65–74) or $154,196 (ages 75+).
Applying for OAS
Most Canadians are automatically enrolled in OAS and receive a notification from Service Canada at age 64. If you do not receive this notice, you can apply by:
- Logging into your My Service Canada Account
- Sending a paper application by mail
- Visiting a Service Canada office in person
You can start OAS anytime after 65 up to age 70. Delaying payments increases your monthly amount.
Is OAS Taxable?
Yes, OAS is considered taxable income.
Taxes are not automatically deducted unless you request it. To avoid larger tax bills later, you can set up voluntary tax deductions online or via a federal form.
Remaining OAS Payment Dates for 2025
The final five OAS deposit dates for 2025 are:
| Month | Payment Date |
|---|---|
| August 2025 | August 27 |
| September 2025 | September 25 |
| October 2025 | October 29 |
| November 2025 | November 26 |
| December 2025 | December 22 |
Tip: Direct deposit ensures faster and safer payments compared to cheques.
The August 2025 OAS payment continues to provide essential support for Canadian seniors, with increased amounts helping offset the cost of living. Whether you’re 65 or 75+, staying informed about payment schedules, eligibility rules, and tax implications ensures you make the most of your OAS benefits. If you haven’t signed up for direct deposit, consider doing so to avoid delays.
FAQs
When will the August 2025 OAS payment be deposited?
The August 2025 OAS deposit will be made on Tuesday, August 27, 2025, for those using direct deposit.
What is the maximum OAS payment in August 2025?
Seniors aged 65–74 can receive up to $734.95, while those 75+ can receive up to $808.45 monthly.
Do I need to pay taxes on OAS?
Yes, OAS is taxable income, but no tax is deducted unless you request voluntary deductions.
