Millions of seniors across Canada are preparing for a key payment this month. The Old Age Security (OAS) deposit for May 2025 is officially scheduled for Wednesday, May 28. Depending on age and income level, eligible seniors could receive as much as $1,647.34 in total this month — a much-needed relief in the face of ongoing expenses like rent, groceries, and healthcare.
If you’re aged 65 or older and living in Canada, or even abroad under certain conditions, you could be entitled to monthly support through OAS. And if your annual income is below the set threshold, additional top-up payments like the Guaranteed Income Supplement (GIS), Allowance, or Survivor Allowance might increase your total monthly benefit.
Here’s what to know about your eligibility, how much you might get, and the exact dates of payment.
Who Can Get Old Age Security Payment in May 2025?
To receive this payment in May, you need to meet these conditions:
- You must be 65 years or older
- You must be a Canadian citizen or legal resident
- You must have lived in Canada for at least 10 years after age 18
If you live outside Canada, you may still get OAS if:
- You were a citizen or permanent resident when you left
- You lived in Canada for 20 years or more as an adult
Your 2023 income also plays a part:
| Age Group | 2023 Income Must Be Below |
|---|---|
| 65 to 74 | $142,609 |
| 75 and older | $148,179 |
Can You Get Extra Money With GIS or Allowance?
Yes, you might be eligible for more than just OAS if you meet the income limits.
Guaranteed Income Supplement (GIS):
You qualify for GIS if you already get OAS and meet one of these income conditions:
- Single: Income under $22,056
- Married (Spouse gets OAS): Combined income under $29,136
- Married (Spouse gets Allowance): Combined income under $40,800
- Married (Spouse gets neither): Combined income under $52,848
Allowance (Age 60–64):
If your partner gets GIS and your combined income is under $40,800, you may receive this payment.
Survivor Allowance:
If your partner has passed away, you’re between 60 and 64, and your income is below $29,712, you may qualify — as long as you haven’t remarried or entered a new common-law relationship.
How to Apply Old Age Security and Related Benefits
Most seniors are automatically enrolled in OAS close to their 65th birthday. If you’re not, or if you want to apply for GIS or Allowance benefits, you have two easy options:
- Apply online through your My Service Canada Account
- Submit a paper form by mail or at a Service Canada location
You can also delay your OAS up to age 70. If you do this, your monthly payment amount will be higher — permanently — for every month you delay.
How Much Will You Receive in May 2025?
Payment amounts depend on your age and income, as well as any extra support you qualify for. Below is the maximum you could receive this May:
| Benefit Type | Maximum Monthly Amount |
|---|---|
| OAS (Age 65 to 74) | $727.67 |
| OAS (Age 75 and older) | $800.44 |
| Guaranteed Income Supplement | $1,086.88 |
| Allowance (Age 60–64) | $1,381.90 |
| Survivor Allowance | $1,647.34 |
Keep in mind:
- These are the maximum amounts — actual payments depend on your personal income
- Payments are reviewed every quarter and adjusted for inflation
- For May 2025, no recent increase has been made following the April review
Is OAS Considered Taxable Income?
Yes, Old Age Security Payment payments are taxable, and you’ll need to report them on your yearly tax return.
By default, Service Canada does not withhold tax. But to avoid a tax bill at the end of the year, you can request monthly tax deductions.
To set this up:
- Log into your My Service Canada Account, or
- Submit the Voluntary Tax Deduction (CPP/OAS) form
When Will the May 2025 Old Age Security Payment Be Paid?
The official payment date is:
Wednesday, May 28, 2025
- If you use direct deposit, the money will appear in your bank account on that same day.
- If you receive payments by cheque, expect a few days’ delay due to mailing.
Here are the remaining OAS payment dates for 2025:
- June 26
- July 29
- August 27
- September 25
- October 29
- November 26
- December 22
Make sure your bank account and address on file with Service Canada are up to date so you don’t miss any future deposits.
Why the May 2025 Old Age Security Payment Matters
For many older Canadians, the OAS deposit is more than just a government transfer — it’s an essential part of their financial plan. Whether you’re covering rent, buying groceries, or managing medications, this money helps bridge the gap during retirement.
If you’re turning 65 this year or living with a low income, this is the right time to explore if you qualify for GIS, Allowance, or Survivor Allowance. These extra supports are free to apply for and could make a real difference.
Mark your calendar for May 28, 2025 and keep an eye on your account.
If you think you’re eligible but haven’t been receiving these benefits, don’t wait to apply — the extra help could make all the difference.
Final Tip: With inflation still pushing up prices in 2025, every dollar helps. This May, check your eligibility, confirm your bank details, and don’t miss out on the government support that’s meant to ease your retirement years.