In Canada there is the income support payment that is delivered to the lower income seniors. This post will include the Canada OAS payment. The Old Age Security payment is the income support benefit that is delivered to the lower income seniors each month. This means that the seniors who have aged 65 years or over can claim this OAS. As the name suggests this OAS payment is the financial security to the older Canadians. As this is the monthly benefit but the OAS payment amounts get revised or altered quarterly as per the cost of living in Canada. This means that as per consumer price index these OAS amounts get revised. This guide will include the OAS Increase Expected In 2025. This means that we will see what will be OAS in 2025 and how much amount for the OAS is offered in 2025.
OAS Increase Expected In 2025
Now we already know that the OASis revised each quarter. This means that each quarter as per the CPI this OAS amounts get raised. Recently in October the OAS amounts rose with 1.3% and in the third quarter this OAS amount rose with 0.7%. Now we have all the October, November and December 2024 amounts for the OAS. But now for 2025 the claimants want to know the OAS amounts. As like this year these amounts get revised as per each quarter. So for the 2025 first quarter the claimants want to know the OAS Amount 2025. But without the recent month CPI we can’t calculate the raise. This means that for calculating OAS for 2025 we don’t have the CPI data. So we can only provide some projections or speculations for the OAS amounts in 2025. As per the updates for the first quarter the 1.6% raise can be seen but his raise is not officially confirmed. Check this guide to know OAS Increase Expected In 2025.
Old Age Security Update For 2025- Overview
Post Title | OAS Increase Expected In 2025 |
Year | 2025 |
Name of the Country | Canada |
Payment Name | Old Age Security |
Issuing Agency | Service Canada |
Beneficiaries | Old age citizens |
Objective | Financial Support |
OAS Expected Raise 2025 | Not confirmed |
Post Category | Finance |
Official Web Portal | www.canada.ca |
OAS Projections For 2025
As the OAS Payments are quarterly revised. This OAS Amount 2025 will be divided into January to March amounts, April to June amounts, July to September amounts, October to December amounts. As per the recent CPI the amounts can be calculated. But as per the First quarter OAS expectations the amount for the OAS can be raised by 1.6%. This means that for 2025 the 1.6% raise can be speculated. This last year’s raise for the OAS is 1.3%.
Old Age Security History For 2024
We have seen the OAS amounts raise from the starting of 2024. So here we will see the changes that are made from the second quarter till last. Check here for the OAS amounts:
April – June 2024
Age | Income | Monthly Amount |
65 Years till 74 Years | $1,34,626 | $713.34 |
75 Years or over | $1,37,331 | $784.67 |
July – September 2024
Age | Income | Monthly Amount |
65 Years till 74 Years | $1,42,609 | $718.33 |
75 Years or over | $1,48,179 | $790.16 |
October – December 2024
Age | Income | Monthly Amount |
65 Years till 74 Years | $1,48,451 | $727.67 |
75 Years or over | $1,54,196 | $800.44 |
Fact Check: OAS Increase Expected In 2025
The OAS is delivered to the seniors who have limited income each month. This OAS is calculated each quarter as per the CPI. This means that as per the inflation and cost of living in Canada the OAS Payments get revised. When there is more inflation the more amounts for the OAS are issued. When there is deflation the amounts for the Old Age Security do not change or lower. This last quarter of 2024 the OAS amounts are raised with 1.3% raise. Now the OAS claimants want to know how much they can claim in 2025. But for this we need the CPI data for the latest months which are not available as of now. But if we talk about the expectations or speculation for the raise then this raise can be done with 1.6% for the first 2025 quarter. This is totally a speculation or projection. The exact amounts for 2025 first quarter will be issued in December 2024 or January 2025.
FAQ Related To OAS Increase Expected In 2025
The OAS amounts are calculated with the recent months CPI.
Yes, the OAS indexed with inflation as the CPI determines the raise for the OAS.
Yes, the raise in OAS is expected for 2025.
The OAS for the last quarter was raised 1.3%.
The raise for OAS information can be found through Service Canada portal.