Are you eligible for the Old Age Security (OAS) payment of $2,120 in 2025? Understanding the criteria and payment schedule can make a world of difference in planning your financial future. This guide breaks down everything you need to know about OAS payments, eligibility requirements, and how to maximize your benefits.

OAS is one of the cornerstone programs of Canada’s public pension system, providing financial security for retirees. Whether you’re approaching retirement or helping a loved one navigate the process, this article offers practical insights and answers to your pressing questions.
OAS Payment of $2120 in 2025:
Topic | Details |
---|---|
Eligibility Age | 65 years or older |
Residency Requirement | 10 years in Canada after age 18 (20 years if residing outside Canada) |
Maximum Monthly Amount | $713.34 for ages 65–74; $784.67 for ages 75+ |
Clawback Threshold | Begins at $86,912 (2025 projection) |
Payment Schedule | Monthly payments, typically at the end of each month |
Official Resource | Government of Canada OAS Information |
Understanding the OAS payment of $2,120 in 2025 can help you make informed decisions about your retirement planning. By meeting eligibility requirements, applying on time, and exploring ways to maximize your benefits, you can secure a stable financial future. For more detailed information, visit the Government of Canada’s official OAS page.
What Is the Old Age Security (OAS) Program?
The Old Age Security (OAS) program is a monthly pension provided by the Government of Canada to eligible seniors aged 65 and older. Unlike the Canada Pension Plan (CPP), OAS does not require you to have a work history; instead, it’s based on your age, residency, and income.
Why it Matters: For many retirees, OAS payments serve as a vital source of income, helping to cover daily expenses and maintain financial independence.
Eligibility Criteria for OAS Payment Of $2120
Age Requirements
To qualify, you must be at least 65 years old. You can apply up to 11 months before your 65th birthday to ensure timely payments.
Residency Requirements
Eligibility depends on how long you’ve lived in Canada:
- Residents of Canada: Must have lived in Canada for at least 10 years after turning 18.
- Non-Residents: Must have lived in Canada for at least 20 years after turning 18 to qualify while living abroad.
Income Considerations
The amount you receive may be affected by your annual income. If your net income exceeds $86,912 (projected for 2025), a portion of your OAS will be subject to the OAS recovery tax or “clawback.”
Example: If your income is $95,000, you will repay 15% of the amount exceeding $86,912.
How Much Will You Receive?
The OAS payment amounts are adjusted quarterly to reflect changes in the Consumer Price Index (CPI). Here are the projected monthly maximum payments for 2025:
- Ages 65–74: $713.34
- Ages 75 and older: $784.67 (includes a 10% increase introduced in 2022)
If you delay receiving OAS, your payment will increase by 0.6% for each month you defer, up to a maximum of 36% at age 70.
2025 OAS Payment Dates
Here’s a tentative payment schedule for 2025 based on past years:
Month | Payment Date |
---|---|
January | January 29, 2025 |
February | February 26, 2025 |
March | March 28, 2025 |
April | April 28, 2025 |
May | May 30, 2025 |
June | June 27, 2025 |
July | July 29, 2025 |
August | August 28, 2025 |
September | September 29, 2025 |
October | October 30, 2025 |
November | November 27, 2025 |
December | December 20, 2025 |
Step-by-Step Guide to Applying for OAS Payment Of $2120
1. Check Automatic Enrollment
You may be automatically enrolled if:
- You’ve contributed to CPP.
- Service Canada has your updated information.
If not, you’ll receive a notification to apply.
2. Apply Online or By Mail
- Online: Log in to your My Service Canada Account.
- By Mail: Complete the paper application and mail it to the address provided in the form.
3. Track Your Application
Use your Service Canada account to monitor the status of your application and ensure all documents are submitted.
Maximizing Your OAS Benefits
Consider Deferring Payments
Deferring your OAS payments can boost your monthly pension. For instance, delaying payments until age 70 increases the monthly amount by 36%.
Example: If you’re eligible for $713.34 at age 65, deferring to age 70 could increase your monthly payment to approximately $970.14.
Apply for Guaranteed Income Supplement (GIS)
If your income is below a certain threshold, you may qualify for the GIS, which provides additional financial support.
- Eligibility: Income must be below $20,952 for single seniors (2025 projection).
- Application: Apply through Service Canada along with your OAS.
Avoid the Clawback
To minimize the clawback:
- Contribute to Tax-Free Savings Accounts (TFSAs).
- Optimize withdrawals from RRSPs and other taxable accounts.
- Consider pension income splitting with your spouse.
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Frequently Asked Questions (FAQs)
1. What happens if I’m not eligible for OAS?
If you haven’t lived in Canada long enough, you may still qualify for a partial OAS payment based on the number of years you’ve resided in the country.
2. Can I receive OAS while living abroad?
Yes, as long as you meet the 20-year residency requirement after age 18. Payments will continue even if you’re living outside Canada.
3. How do I avoid delays in receiving OAS payments?
- Ensure your application is complete.
- Update your address and banking information in your My Service Canada Account.
4. Can I receive OAS and CPP at the same time?
Yes, OAS and CPP are separate programs, and you can receive payments from both if you meet the eligibility criteria.