$1,800 OAS Increase for Pensioners in February 2025 – Know Your Deposit Date

$1800 OAS hike for pensioners from February 2025: Know the truth

Many news reports in Canada are referring to the $1800 OAS (Old Age Security) hike that pensioners are going to get from February 2025. But it is very important for pensioners to know whether this amount is a confirmed hike or not. According to government announcements, CRA (Canada Revenue Agency) has made it clear that there will be no increase in OAS in the first quarter.

Then what is the basis of this $1800 hike? Is this amount a true hike or just a lump sum payment? In this article, we will know how and why this $1800 can be an illusion, and how reliable it is.

Pension Increase 2025: Who Qualifies for the $1529/Month Boost?

$1800 OAS increase from February 2025

The $1800 OAS increase claimed from February 2025 is not actually a single increase, but a combination of OAS and GIS (Guaranteed Retirement Income Supplement) payments. The amount of the OAS payment, which is $727.67 per month for pensioners aged 65 to 74, and the GIS, which is $1086.88 per month for lower income pensioners, can add up to $1800 or more.

So this means that this $1800 amount is not a fixed increase, but can be the result of a combination of OAS and GIS payments. So this amount is only valid for pensioners who are eligible for both OAS and GIS.

CRA Old Age Security Benefit 2025- Overview 

Canada OAS Benefits Eligibility 2025

OAS Pensioners Eligibility:

1. People who are 65 years of age or older can receive an OAS pension.
2. This benefit is available to any Canadian citizen or legal resident.
3. Residents who maintain legal residence in Canada for 10 years or more since the age of 18 may be eligible for OAS.
4. Pensioners’ annual income must be within a certain limit. (This limit may vary, it is updated by the CRA.)

GIS Pensioners Eligibility:

1. GIS is only available to pensioners who apply for an OAS pension.
2. This $1086 per month amount is exclusively for widows, divorced, and unmarried pensioners.
3. If a pensioner’s spouse does not receive OAS pension and allowance payments, he/she may be eligible for GIS.
4. This benefit is for low-income pensioners aged 65 years and above.
5. To receive GIS, pensioners must have Canadian citizenship or legal residency rights.
6. Pensioners’ annual income must be below a certain threshold.

CRA OAS Payment Date 2025

Both OAS and GIS payments are made to pensioners monthly. These payments are deposited directly into their bank accounts or sent via cheque. Pensioners must ensure that their banking or mailing data is updated to receive benefits on time. It is important for pensioners to adhere to regular payment dates.

FACT CHECK: $1800 PENSIONERS INCREASE FROM FEBRUARY 2025

It is important to know that the $1800 increase is not the actual OAS increase. The CRA has officially confirmed that there will be no increase in OAS pension in the first quarter. So, this $1800 can only be a combination of OAS and GIS payments.

This means that this $1800 amount is not a fixed increase but a regular combination payment that pensioners who are eligible for both OAS and GIS will receive. For example, $727.67 (OAS) and $1086.88 (GIS) together can make up $1800 or more. So, this $1800 can be a regular payment for pensioners but it will be wrong to see it as a raise.

Conclusion:

SSA Payment Schedule 2025: Key Dates For SSI, SSDI, VA, And Low-Income Deposits

The $1800 increase being claimed for Canadian pensioners refers to the combined payment of OAS and GIS, not a guaranteed increase. Pensioners should note that this amount will only be available to those who qualify for both OAS and GIS. If you want more information, you can visit the CRA or Canada’s official website.

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