The Canadian government is rolling out another Old Age Security (OAS) and Guaranteed Income Supplement (GIS) payment in May 2025, and eligible seniors could receive up to $1,280 or more in total monthly support.
This financial boost aims to help low- and modest-income seniors manage rising living costs, especially in the face of inflation and increasing housing and grocery bills.
Let’s dive into all the latest updates regarding eligibility, payment dates, amounts, and how to maximize your Old Age Security benefits this year.
What Is the OAS and GIS Program?
Old Age Security (OAS) is a monthly pension available to most Canadians aged 65 and older.
Unlike the Canada Pension Plan (CPP), which is contribution-based, Old Age Security is funded by general tax revenue, so it’s available even to those who didn’t work throughout their lifetime.
When combined with the Guaranteed Income Supplement (GIS), it provides a valuable financial safety net for eligible low-income seniors.
Canada OAS $1,280 Payment – Breakdown for May 2025
Here’s a breakdown of how seniors can receive up to $1,280—or more—in May 2025:
| Feature | Details |
|---|---|
| Payment Date | May 28, 2025 |
| Max OAS (age 75+) | $800.44/month |
| Max GIS (single individual) | $1,086.88/month |
| Combined Total | Up to $1,887.32/month |
| Residency Requirement | 10+ years in Canada since age 18 |
| Taxable? | OAS: Taxable, GIS: Non-taxable |
Note: The $1,280 figure is an average estimate for seniors aged 65+ receiving partial Old Age Security and GIS.
Who Is Eligible for the May 2025 OAS and GIS Payments?
OAS Eligibility Criteria:
- Must be 65 years or older.
- Be a Canadian citizen or legal resident.
- Must have lived in Canada for at least 10 years after age 18.
- For those living abroad, you may still qualify through international social security agreements.
GIS Eligibility Criteria:
- Must already receive Old Age Security.
- Must have low income, based on your tax return.
- Thresholds for 2025 include:
- $21,456/year for single individuals.
- $28,320/year combined for couples if one receives GIS.
How to Apply for the May 2025 OAS Payment
Some seniors are automatically enrolled, but many will need to apply manually.
Steps to Apply:
- Check for automatic enrollment around age 64 via a letter from Service Canada.
- If not automatically enrolled:
- Apply online via My Service Canada Account.
- Or mail the paper application (Form ISP-3550).
- Apply for GIS at the same time if you qualify.
- Make sure your tax filings, SIN, and banking details are current.
Is the OAS $1,280 Payment Taxable?
- Old Age Security is taxable. If your net income is over $86,912 in 2025, you may face an Old Age Security Recovery Tax (Clawback).
- GIS is non-taxable, making it an essential, tax-free benefit for lower-income seniors.
Tips to Maximize Your OAS and GIS Benefits
- Delay Old Age Security for Higher Payments: For each month delayed past age 65, your Old Age Security increases by 0.6%, up to 36% more if you delay to age 70.
- Use TFSA Instead of RRSP: TFSA withdrawals don’t count as income, helping preserve GIS eligibility.
- Apply Early: Don’t wait until you turn 65. Apply at 64 or earlier to avoid payment gaps.
- Update Details: Keep your address and direct deposit information updated on My Service Canada Account.
The Canada Old Age Security $1,280 payment in May 2025 is more than just financial aid—it’s a lifeline for many Canadian seniors.
With rising inflation and living costs, ensuring you qualify and apply properly is crucial. By understanding eligibility requirements, maximizing benefits, and staying informed through My Service Canada, seniors can enjoy better financial security and peace of mind.
Make sure you’re prepared for May 28, 2025—update your application, check your eligibility, and take full advantage of what Canada’s Old Age Security and GIS programs have to offer.
FAQs
When is the next OAS payment in 2025?
The Old Age Security payment for May 2025 is scheduled for May 28, 2025.
Is the OAS payment of $1,280 guaranteed for everyone?
No, the $1,280 is an average combined amount. Actual payment varies based on age and income level.
Can I receive GIS if I live with a spouse who also gets OAS?
Yes, but your combined household income must fall below the 2025 income threshold to qualify.