Is there really a new $1,860 Old Age Security (OAS) payment coming in July 2025? If you’ve heard the buzz, you’re not alone. Many Canadian seniors are wondering if the government rolled out a surprise one-time bonus. But let’s clear the air: there is no such payment.
Instead, what we’re seeing is a routine inflation-based increase in the monthly OAS amounts, and possibly some confusion with combined benefits from other senior support programs like CPP and GIS. Let’s break it down in plain English.
Table of Contents
OAS
The Old Age Security (OAS) is one of Canada’s core pension programs for seniors aged 65 and over. Unlike the Canada Pension Plan (CPP), you don’t need to work to qualify. It’s funded through general tax revenue and depends mostly on how long you’ve lived in Canada after age 18.
Eligibility also includes citizenship or legal residency and meeting income thresholds. OAS is reviewed quarterly and adjusted for inflation using the Consumer Price Index (CPI).
Payments
So, what can you expect in your bank account this July?
Here’s what’s actually happening:
| Age Group | Maximum Monthly OAS (CAD) |
|---|---|
| 65 to 74 | $727.67 |
| 75 and older | $800.44 |
These amounts reflect a 1% increase over previous payments, part of a 2.3% annual rise due to inflation. Still a far cry from the rumored $1,860.
Rumors
Where did the $1,860 figure come from? It’s likely the result of adding up multiple federal benefits. Here’s a common scenario:
- OAS (75+) = $800.44
- CPP (average) = ~$1,064
- GIS (if eligible) = up to $1,065.47
Depending on your situation, your total monthly income from these programs can indeed hover around $1,800 or more. But that’s not the same as getting a one-time OAS payment of $1,860.
Deposit
Wondering when your next OAS payment will hit your account? Mark these dates:
| Month | Deposit Date |
|---|---|
| July 2025 | July 31, 2025 |
| August 2025 | August 29, 2025 |
| September 2025 | September 30, 2025 |
Make sure your banking info is updated in your My Service Canada Account to avoid delays.
Eligibility
To qualify for OAS in 2025, here’s what you need:
- Be 65 or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years since age 18
- Meet the income threshold for full or partial benefit
If you’re 75 or older, you’ll receive a 10% bonus on your monthly OAS. No action needed—this is automatic.
Boosters
Looking to get more from your OAS? Try these smart strategies:
- Defer OAS
You can delay your claim until age 70 and increase your payment by 0.6% per month. That’s a 36% boost. - Avoid the Clawback
If you earn over $90,997 in 2025, your OAS could get trimmed. Use tools like RRSP withdrawals, TFSA investments, or pension income splitting to keep taxable income in check. - Apply for GIS
If your income is low, the Guaranteed Income Supplement can add up to $1,065.47/month to your benefit. That’s a game-changer for many seniors.
Let’s be clear: there is no special $1,860 OAS payment coming in July 2025. That number probably came from someone adding up OAS, CPP, and GIS payments. While the total might look exciting, OAS on its own maxes out at $800.44 for the oldest recipients.
Still, the routine increase is a good reminder to review your retirement strategy. If you haven’t already, check your eligibility, think about deferring for higher payouts, and see if you qualify for GIS. Staying informed helps you get the most out of your benefits.
FAQs
Is there a $1,860 OAS payment in July?
No, there is no confirmed $1,860 OAS payment for July 2025.
What is the maximum OAS in July 2025?
It’s $727.67 (65–74) or $800.44 (75+).
When is the July OAS payment date?
It will be deposited on July 31, 2025.
Can OAS be combined with other benefits?
Yes, it can be combined with CPP and GIS.
How can I increase my OAS payments?
Defer claiming, reduce taxable income, or apply for GIS.
