Extra $720 CPP and OAS Payments for Seniors Coming Soon – Check CRA Deposit Date

Many Canadian seniors rely on Old Age Security (OAS) and Canada Pension Plan (CPP) payments to cover monthly expenses. Recently, some online platforms have claimed that the Canada Revenue Agency (CRA) will issue an extra $720 CPP and OAS check in 2025.

While this sounds like a much-needed bonus during inflationary times, the truth behind this claim is still unclear. Let’s look into what’s real, what’s rumored, and how seniors can stay informed.

Payment

The rumored extra $720 CPP OAS check is said to be a one-time or bonus payment for eligible seniors. However, no official announcement has been made by the CRA or the Government of Canada.

According to current data, seniors can expect their regular monthly pensions, which are already adjusted for inflation annually or quarterly.

$3,800 Pension Boost for Canadian Retirees – CPP & OAS Direct Payment Dates Announced

Here’s what the actual maximum pension payments look like for 2025:

The idea of a $720 payment may stem from potential quarterly increases or CPI-linked top-ups, but it should not be confused with a confirmed bonus.

Eligibility

To be eligible for regular CPP and OAS payments—and potentially any future top-ups—individuals must meet the standard criteria. Here are the extra $720 CPP OAS eligibility requirements for 2025, based on current program guidelines:

• Must be at least 60 years old and have made at least one CPP contribution
• Must be 65 or older to receive OAS
• Must be a Canadian citizen or legal resident at the time of application
• Must have lived in Canada for at least 10 years after turning 18
• For applicants living outside Canada, they must have lived in Canada for at least 20 years after age 18

These requirements are essential for determining both CPP and OAS eligibility, and any potential extra payments would likely follow the same criteria.

$1,860 OAS Benefits Arriving in July 2025 – Check Eligibility and Deposit Date

Schedule

Pensioners should mark their calendars. CPP and OAS benefits are paid out monthly. Here’s the full payment schedule for 2025:

These dates are important for budgeting and planning, especially for fixed-income retirees.

How to Claim

If the government were to introduce an extra $720 check for seniors, the claiming process would likely follow the same steps used for CPP and OAS benefits:

1. Visit the official website: www.canada.ca
2. Navigate to the “Old Age Security” or “CPP” section
3. Log in or create your My Service Canada Account
4. Fill in personal details and confirm your Social Insurance Number (SIN)
5. Upload any required documents to verify age, residency, and citizenship
6. Submit the application and wait for approval or updates

Always avoid third-party sites or unsolicited emails asking for personal details. Stick to the official portal.

$1,395 Guaranteed Income Supplement Coming in July 2025 – Check CRA Deposit Date

Fact Check

So, is the extra $720 payment real? As of now, the answer is not confirmed. There has been no official announcement, policy update, or press release verifying a one-time $720 bonus for seniors receiving CPP and OAS in 2025.

Here’s what we do know:

• CPP maximum monthly payment: $1,433
• Average CPP monthly payment: $899.67
• OAS (65–74): $727.67 per month
• OAS (75+): $800.44 per month
• Payments are reviewed and adjusted based on the Consumer Price Index every quarter

The government has discussed enhancing pension support in recent years, but specific figures like $720 have not been validated officially.

FAQs