The Canadian government has announced that eligible seniors can receive up to $1,980 per month in 2025 through the combined benefits of Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).
This initiative aims to provide financial support to seniors, ensuring they have the necessary resources for a comfortable retirement.
Understanding Old Age Security (OAS)
Old Age Security (OAS) is a monthly pension available to seniors aged 65 and over who meet specific residency and legal status requirements. The payment amounts are reviewed quarterly and may be adjusted based on the cost of living.
Eligibility Criteria for OAS
To qualify for OAS, you must:
- Be 65 years of age or older
- Be a Canadian citizen or legal resident at the time your application is approved
- Have resided in Canada for at least 10 years since the age of 18
OAS Payment Amounts (April to June 2025)
| Age Group | Maximum Monthly Payment | Income Threshold |
|---|---|---|
| 65 to 74 | $727.67 | Less than $142,609 |
| 75 and over | $800.44 | Less than $148,179 |
Exploring the Guaranteed Income Supplement (GIS)
The Guaranteed Income Supplement (GIS) offers non-taxable monthly payments to low-income seniors who already receive OAS.
Eligibility for GIS
To qualify, you must:
- Be an OAS recipient
- Live in Canada
- Meet the following income criteria:
- Single: Annual income less than $22,056
- Couples:
- With spouse also on OAS: under $29,136
- With spouse not on OAS: under $52,848
- With spouse on Allowance: under $40,800
GIS Payment Amounts (April to June 2025)
| Marital Status | Maximum Monthly GIS Payment |
|---|---|
| Single | $1,086.88 |
| Married/Common-law (spouse on full OAS) | $654.23 |
| Married/Common-law (spouse not on OAS) | $1,086.88 |
| Married/Common-law (spouse on Allowance) | $654.23 |
Combined Benefits: OAS + GIS
A single senior aged 75 or older earning less than $22,056 annually may receive:
- OAS: $800.44
- GIS: $1,086.88
- Total: $1,887.32 per month
This financial support helps seniors meet basic living costs, especially in a time of rising inflation.
Additional Benefits: Allowance and Allowance for the Survivor
Allowance
This benefit is for individuals aged 60 to 64 whose spouse receives OAS and GIS. To qualify, you must:
- Be 60–64 years old
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years since the age of 18
- Have a combined annual income under $40,800
Maximum monthly payment: $1,381.90
Allowance for the Survivor
This benefit helps those aged 60–64 whose spouse has died and who have not remarried. To qualify, you must:
- Be 60–64 years old
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years since the age of 18
- Have an annual income less than $29,712
Maximum monthly payment: $1,647.34
How to Apply for OAS and GIS
- Check Eligibility: Use the Service Canada eligibility tool.
- Prepare Documents: Gather proof of age, legal status, residency, and income.
- Apply Online: Through your My Service Canada Account.
- Track Your Application: Get updates and make changes if needed.
The combined benefits of OAS and GIS provide substantial financial support to Canadian seniors, ensuring a more secure and comfortable retirement.
By understanding eligibility criteria and application processes, seniors can maximize their benefits and plan effectively for their future.
FAQs
Can I receive OAS if I live outside Canada?
Yes, if you have lived in Canada for at least 20 years since the age of 18, you can receive OAS payments while living abroad.
Is GIS taxable income?
No, the Guaranteed Income Supplement (GIS) is a non-taxable benefit.
How often are OAS and GIS payments made?
OAS and GIS payments are made monthly, typically in the last week of each month.