Canada’s Old Age Security (OAS) pension is one of the most important retirement benefits offered by the federal government. It ensures financial stability for Canadians aged 65 and above, especially those with low or moderate incomes. Administered by Service Canada under the Canada Revenue Agency (CRA), OAS benefits are reviewed regularly to keep them aligned with the rising cost of living.
For October 2025, the OAS pension has been adjusted with a 0.7% increase, providing seniors with slightly higher monthly payments. While the increase may seem modest, it reflects the government’s ongoing effort to protect the purchasing power of retirees in the face of inflation.
What is the OAS Pension?
The Old Age Security (OAS) program is a monthly taxable benefit available to most Canadians aged 65 and older. Unlike the Canada Pension Plan (CPP), which is based on an individual’s contributions, OAS is funded through general government revenue. This makes it accessible to seniors who meet residency and income requirements, even if they did not contribute to CPP during their working years.
Canada OAS Pension Hike October 2025
For the October–December 2025 quarter, Service Canada announced a 0.7% hike in OAS benefits. The adjustment ensures pensions remain indexed to inflation, preventing seniors from losing purchasing power due to rising living expenses.
Currently:
- Seniors aged 65 to 74 years receive $734.95 per month.
- Seniors aged 75 years or older receive $808.45 per month.
After the 0.7% increase:
- 65 to 74 years: New estimated amount $740.09 per month.
- 75+ years: New estimated amount $814.10 per month.
The official amounts will be confirmed by Service Canada, but these estimates give seniors a clear picture of the expected changes.
Overview of CRA OAS Pension Hike
| Feature | Details |
|---|---|
| Authority | Canada Revenue Agency (CRA) |
| Post Title | Canada OAS Pension Hike October 2025 |
| Year | 2025 |
| Country | Canada |
| Who Qualifies? | Canadians aged 65+ with residency and low-to-moderate income |
| Purpose | Provide financial support for seniors |
| Payment Frequency | Monthly |
| Taxable? | Yes |
| Payment Date | 29 October 2025 (Wednesday) |
| Adjustment Basis | Inflation, updated quarterly |
| Current Status | 0.7% raise confirmed |
| Official Website | Canada.ca |
Eligibility for Canada OAS Pension Hike
To qualify for OAS payments (and the October 2025 increase), applicants must meet the following conditions:
- Age Requirement
- Must be 65 years or older.
- Residency Requirement
- Must have been a Canadian resident for at least 10 years after the age of 18.
- Longer residency results in higher entitlement.
- Income Requirement
- Income must remain below the annual net thresholds set by the government.
- For 2025, limits are:
- 65–74 years: Below $148,451 annually.
- 75+ years: Below $154,196 annually.
These income thresholds may be revised further in October 2025 to account for inflation.
Canada OAS Pension New Amounts for October 2025
| Age Group | Current OAS (Monthly) | Increase (0.7%) | Estimated New Amount |
|---|---|---|---|
| 65–74 years | $734.95 | +$5.14 | $740.09 |
| 75+ years | $808.45 | +$5.65 | $814.10 |
The adjustment will apply automatically. Seniors do not need to file a new application.
OAS Payment Schedule – October 2025
The next OAS deposit date is scheduled for:
- 29 October 2025 (Wednesday)
Payments are deposited directly into seniors’ bank accounts. Those already receiving OAS will automatically get the updated amount. To avoid payment delays, seniors should ensure their MSCA (My Service Canada Account) information is up to date.
How to Apply for OAS (for New Beneficiaries)
If you are not yet receiving OAS but will be eligible soon:
- Automatic Enrollment
- Many Canadians are automatically enrolled when they turn 65.
- Apply Online
- Paper Application
- Seniors can also submit a paper form if online access is not convenient.
- Required Documents
- Proof of age, residency history, and income details may be required.
Taxability of OAS Payments
OAS benefits are taxable income in Canada. Seniors whose net income exceeds certain thresholds may have to repay part or all of their OAS through the OAS Clawback (Recovery Tax). This repayment is calculated when filing annual tax returns.
Why the Increase Matters
Though a 0.7% hike might appear small, it is part of Canada’s ongoing commitment to indexing senior benefits against inflation. For retirees on fixed incomes, even small adjustments help offset rising costs of essentials like:
- Housing
- Food
- Healthcare
- Transportation
The incremental increases ensure that OAS continues to be a reliable support system for Canada’s aging population.
FAQs on Canada OAS Pension Hike October 2025
Q1. How much is the new OAS pension from October 2025?
For ages 65-74, it is estimated at $740.09 per month, and for 75+, about $814.10 per month.
Q2. Do seniors need to reapply for the new OAS pension?
No. Seniors already receiving OAS will see the increase automatically applied.
Q3. Is the OAS pension taxable in Canada?
Yes. OAS payments are taxable and may be subject to clawback if income exceeds thresholds.
Q4. When will the October 2025 OAS payment be deposited?
On 29 October 2025 (Wednesday).
Q5. Where can seniors verify the updated OAS amounts?
Through the official website Canada.ca or by logging into MSCA (My Service Canada Account).
Conclusion
The Canada OAS Pension Hike of October 2025 reflects a steady adjustment to ensure seniors are protected from inflation. With a confirmed 0.7% increase, payments will rise to approximately $740.09 for those aged 65–74 and $814.10 for those aged 75+. Seniors need not reapply, as the new amounts will be automatically deposited on 29 October 2025.
This quarterly adjustment underscores the government’s commitment to financial security for retirees, allowing them to maintain dignity and stability in their retirement years.
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