Canadian seniors are set to get a big financial lift in 2025 with a one-time $2,350 Old Age Security (OAS) payment. This extra cash aims to help older Canadians handle rising costs for things like groceries, rent, and medical bills. The government wants to make sure seniors can live comfortably, especially those on tight budgets. However, not everyone will get the full amount, and some may not qualify at all. Here’s what you need to know about this payment, who can get it, and when it’s coming.
Who Can Get the $2,350 Payment?
To qualify for this one-time OAS boost, seniors need to meet a few rules. You must be 65 or older, a Canadian citizen or permanent resident, and have lived in Canada for at least 10 years after turning 18. The payment is aimed at low- and middle-income seniors, so those earning over $90,997 in 2024 might see a reduced amount or nothing at all due to something called the OAS clawback. This is a tax that reduces your OAS if your income is too high. Low-income seniors may also qualify for extra help through the Guaranteed Income Supplement (GIS), which can add up to $1,086.88 per month to their OAS.
| Eligibility Criteria | Details |
|---|---|
| Age | 65 or older |
| Residency | Canadian citizen or permanent resident, lived in Canada for 10+ years after 18 |
| Income | Below $90,997 (2024) for full payment; higher incomes may reduce or eliminate payment |
When and How Will the Payment Arrive?
The $2,350 payment is expected to land in seniors’ bank accounts in April 2025, alongside regular OAS payments. If you already get OAS, you don’t need to apply the money will automatically show up if you qualify. For those using direct deposit, expect the funds on April 25, 2025. If you get payments by cheque, it might take a few extra days due to mailing. To avoid delays, make sure your bank details are up to date on your My Service Canada Account. This one-time payment is not taxable, so you can use the full amount without worrying about extra taxes.
Why Is This Payment Happening?
This boost comes as many seniors struggle with higher costs for everyday needs. Housing, healthcare, and food prices have gone up, and fixed incomes like OAS often don’t stretch far enough. The government is stepping in to ease this pressure, especially for low-income seniors. In the past, similar one-time payments, like the $500 given in August 2021, helped millions of seniors cover unexpected expenses. This $2,350 payment follows that trend, aiming to give seniors a financial cushion during tough economic times.
Tips to Make the Most of Your OAS
Seniors can take steps to get the most out of this payment and their regular OAS. First, check your income to see if you’re at risk of a clawback. If your income is high, consider options like splitting pension income with your spouse or investing in a Tax-Free Savings Account (TFSA) to lower your taxable income. You can also delay starting your OAS until age 70 to get a higher monthly amount—up to 36% more. If you’re not yet enrolled in OAS, apply through My Service Canada Account or by mail, but don’t wait too long, as processing can take 6 to 12 weeks.
What’s Next for Seniors?
While the $2,350 payment is a one-time deal, regular OAS payments will keep coming every month, adjusted for inflation four times a year. For April to June 2025, the maximum OAS is $727.67 for those aged 65-74 and $800.44 for those 75 and older. Low-income seniors can also look into other supports, like provincial programs or the GIS, to boost their income. To stay on top of updates, check the Government of Canada’s OAS website or contact Service Canada. This payment is a big help, but planning ahead will ensure seniors get all the support they’re entitled to.