Most Canadian seniors rely on Government programs like Old age security to manage their daily expenses in retirement. As cost of living rises, any news related to additional support payments from the Government grab the attention especially when it involves lump sum amounts like $742. In recent months, a number of online posts have claimed that the CRA Confirmed Extra $742 OAS Payment April 2025. These reports caused curiosity and confusion among aged residents. In this post, we will break down everything the seniors should know about this trending topic – Is this $742 OAS Really announced? Who qualifies it? And what does the official record say?
CRA Confirmed Extra $742 OAS Payment April 2025
The Old Age Security is a seniors monthly benefit which is based on residency, income and age. Every quarter, the OAS pension amount is reviewed and adjusted as per CPI to ensure it keeps up with inflation. The regular adjustments to the OAS happen automatically and in April, the CRA announced no adjustment or no raise to Old age pension. Instead there is an update that CRA Confirmed Extra $742 OAS Payment April 2025. This regular adjustment is replaced by $742 for April but this update is not reliable. Many seniors believed that $742 extra or top up payment will be added in April but the reality differs. This $742 benefit is just a rumoured payment and not official.
canada.ca Old Age Security Deposit April 2025- Highlights
| Announcement | CRA Confirmed Extra $742 OAS Payment April 2025 |
| Program Name | Old Age Security |
| Country | Canada |
| Year | 2025 |
| Administering Agency | Canada Revenue Agency |
| Issuing Month | April |
| CRA Old Age Security Benefits Eligibility 2025 | Qualified Canadians with age 65 or plus and meet residency and income requirements |
| Standard Monthly Payment (Q2 2025) | $727.67 + Extra 10% ($800.44) Based on Age of the Resident |
| Purpose | Additional Monetary Support to seniors |
| Payment Frequency | Extra One Time Deposit |
| Adjusted for Inflation? | Yes, Quarterly |
| Canada Extra OAS Deposit Dates 2025 | See this Guide |
| Taxability Status | Taxable |
| $742 Confirmation | No official confirmation |
| Post Category | Finance |
| Official Web Page | www.canada.ca |
CRA Old Age Security Benefits Eligibility 2025
The $742 extra Old age security is not official yet but if approved then will be for OAS claimants.
- The Old age security claimants are those who are aged 65 or even more. The claimants have Canadian citizen or legal resident status. The claimant also resides for a minimum ten years following 18 years of age and the claimant passes the income test.
- The income test for April payment is:
| Senior’s Age | Income Limit |
| Seniors aged 65 to 74 years | $1,42,609 |
| Seniors Aged 75 or more | $1,48,179 |
Canada Extra OAS Deposit Dates 2025
The $742 extra payment for OAS Claimants lacks official verification and it does not have a reliable payment date. As per the updates, the $742 OAS will be distributed in April but we can’t rely as this benefit is unofficial. The Old age security regular deposit dates for this year are provided in below table:
| Month, Year | OAS Deposit Dates 2025 |
| April, 2025 | 28th |
| May, 2025 | 28th |
| June, 2025 | 26th |
| July, 2025 | 29th |
| August, 2025 | 27th |
| September, 2025 | 25th |
| October, 2025 | 29th |
| November, 2025 | 26th |
| December, 2025 | 22nd |
Extra $742 OAS Benefit April 2025: Real or Not?
The claim of extra $742 is rolling out for April 2025 but yet no official confirmation is provided by CRA or Service Canada. This $742 extra payment is unverified and misleading, so the aged Canadians must be cautious. The aged residents must note that there is no raise for the second quarter. The seniors can’t depend on this $742 OAS Extra payment. This update is not reliable and not trustworthy. The residents can check CRA official portal or Canada.ca portal for more latest updates on Old Age Security.
FAQ Related To CRA Confirmed Extra $742 OAS Payment April 2025
No, the $742 extra Old age pension is not officially confirmed by the authorities for April.
No, Service Canada does not boost the April 2025 OAS Payments as there are lower changes to CPI.
No, Service Canada does not announce any additional payment that replaces inflation adjustment boost.
In April, the aged Canadians can get $727.67 if they are 65 to 74 years old or $800.44 if they are 75 years old or older.
The aged Canadians can verify their April 2025 OAS through MSCA.
