As January 2025 approaches, the Canadian seniors hope to raise their Government benefits. The seniors in Canada claim for the benefits like Old Age security and such benefits are adjusted quarterly. Recently in October 2024 the raise in OAS has been seen and as this October to December 2024 raise will be concluded on 31st December 2024. From 1st January 2025 the OAS will be adjusted by service Canada. Now the seniors are hoping for the raised OAS in January 2025 till March 2025. OAS Increase For January 2025 includes the new OAS amounts. Service Canada will not adjust the amounts or will not raise the amounts for the OAS as per the CPI.
OAS Increase For January 2025
OAS Increase For January 2025 will tell us about the raise in the January for the OAS Benefits. As the seniors in Canada often experience the high costs and this January 2025 is a high expensive month because of the year start bills and new year costs. This might raise the financial burden for the seniors. For this service Canada will adjust the OAS amounts. Each quarter the OAS amounts are being adjusted and now in January to March 2025 the new amounts will be seen. But as per the Service Canada new statement, no raise in OAS will be seen in January to March quarter. But from January 2024 till January 2025 the 2% raise can be seen in OAS Benefits. The new January OAS amounts will be published by Service Canada at the December end. But these amounts might be the same as the December 2024 amounts. Check How To Increase OAS Benefits In 2025 now.
Old Age Security January 2025- Highlights
Title of the Post | OAS Increase For January 2025 |
Year | 2025 |
Month | January |
Country Name | Canada |
Name of the Benefit | Old Age Security |
Issuing Authority | Service Canada |
OAS Benefits Eligibility 2025 | Aged Canadians over 65 years |
Objective | Financial Assistance |
OAS Increase In 2025 | Check Below |
OAS Payment Frequency | Monthly |
CRA Old Age Security Schedule 2025 | See this guide |
Post Category | Finance |
Official Web Page | www.canada.ca |
OAS Benefits Eligibility 2025
- OAS payment will be offered to Canadian seniors who are 65 years old.
- The Canadian citizen or legal residents of Canada can claim for the OAS Payment.
- The seniors should be inhoused in Canada for continual ten years or more since the eighteen years age.
- If the senior who claims for the OAS Benefit outside Canada can have this benefit if they reside in Canada for continual twenty years in the past since the eighteen years age.
- The seniors with age 65 to 74 years must have annual income upto $1,48,451.
- The seniors who have age over 75 years must have annual income upto $1,54,196.
Canada Age Security Amount Raise January 2025
No Raise in OAS will be seen in January to March 2025 quarter. It means that the benefits amount will be the same as in December. But Service Canada will publish the amounts for January to March 2025 at the December end. Till now the following amounts can be seen as January 2025 amounts:
Age | Expected Monthly Amounts |
65 to 74 years | $727.67 |
75 years or more | $800.44 |
CRA Old Age Security Schedule 2025
The scheduled monthly payment dates for OAS are:
Payment Date | Month |
29th | January/2025 |
26th | February/2025 |
27th | March/2025 |
28th | April/2025 |
28th | May/2025 |
26th | June/2025 |
29th | July/2025 |
27th | August/2025 |
25th | September/2025 |
29th | October/2025 |
26th | November/2025 |
22nd | December/2025 |
Fact Check: OAS January Raise 2025
As every quarter the Service Canada adjusts the payment rates for the OAS benefit. From January to March 2025 quarter Service Canada will adjust the amounts for this OAS Payment. But as per recent CPI data the Service Canada will not raise the OAS amounts for this January to March 2025 quarter. The exact new 2025 amounts will be provided by the Service Canada at December 2024 end. For more updates regarding OAS Benefit the seniors can see the Service Canada web page which is www.canada.ca.
FAQ Related To Canada Old Age Security Raise 2025
The 2025 OAS Raise will be provided to the OAS claimants who are seniors with age 65 years.
At the December 2024 end Service Canada will provide the OAS Raised Amounts January 2025.
No, as per the recent CPI adjustments Service Canada will not raise the OAS Benefits for the first 2025 quarter.
The new OAS 2025 amounts can be seen from the Service Canada page which is www.canada.ca.
Yes, this 2025 OAS Payment is taxable. It means the seniors need to consider the OAS Benefit as Taxable income.