The May 2025 Old Age Security deposit is right around the corner, and for millions of Canadian seniors, this payment is more than just a financial formality — it’s a critical source of monthly income that supports basic living expenses in retirement. Whether you’re already receiving benefits or preparing to apply, staying informed about the May 2025 Old Age Security payment is essential for proper budgeting and financial planning.
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This comprehensive guide answers all your questions about the May 2025 Old Age Security payment, including how much you could receive, who qualifies, key eligibility criteria, tax details, and important dates. We’ll also break down related benefits like the Guaranteed Income Supplement (GIS), the Allowance, and the Allowance for the Survivor.
What is the May 2025 Old Age Security Payment?
The Old Age Security (OAS) program is Canada’s largest pension initiative for seniors. Funded through general tax revenues, it’s not tied to your work history or employment contributions, making it available to many Canadians aged 65 and older regardless of their previous job or income level.
The May 2025 Old Age Security payment offers a dependable monthly income, with potential top-ups like the GIS and Allowance for lower-income seniors. The goal is to help older adults maintain a basic standard of living during retirement.
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Who is Eligible for the May 2025 Old Age Security Payment?
To receive the May 2025 Old Age Security payment, you must meet these criteria:
- Be 65 years or older.
- Be a Canadian citizen or legal resident at the time your application is approved.
- Have lived in Canada for at least 10 years after age 18.
If you’re living outside Canada, you may still qualify for the May 2025 Old Age Security payment if you lived in Canada for at least 20 years after turning 18 and were a citizen or legal resident when you left.
There is no need to have worked or contributed to a pension plan to qualify — this is what sets the Old Age Security program apart from the Canada Pension Plan (CPP).
How Much Will You Get From the May 2025 Old Age Security Payment?
The amount you receive from the May 2025 Old Age Security payment depends on your age, income level, and whether you qualify for additional supports. Below are the maximum amounts you could receive in May 2025:
Old Age Security Pension:
- Ages 65–74: Up to $727.67 per month
- Ages 75+: Up to $800.44 per month (includes a permanent 10% increase after turning 75)
Guaranteed Income Supplement (GIS):
- Single senior or spouse does not get OAS: Up to $1,086.88
- Spouse receives OAS or Allowance: Up to $654.23
Allowance (for ages 60–64, partner gets GIS):
- Up to $1,381.90
Allowance for the Survivor (ages 60–64, partner deceased):
- Up to $1,647.34
These amounts are indexed quarterly and adjusted for inflation. There was no change in the April 2025 update, so the May 2025 Old Age Security amounts remain unchanged. The next possible adjustment will come in July.
When Will the May 2025 Old Age Security Payment Arrive?
The May 2025 Old Age Security payment date is:
Wednesday, May 28, 2025
If you’re set up with direct deposit, your funds will be deposited into your bank account on this date. If you receive a paper cheque, it should arrive by mail on or shortly before that date. Make sure your banking and mailing information is up to date with Service Canada to avoid delays.
Remaining 2025 OAS payment dates:
- June 26 (Thursday)
- July 29 (Tuesday)
- August 27 (Wednesday)
- September 25 (Thursday)
- October 29 (Wednesday)
- November 26 (Wednesday)
- December 22 (Monday)
Income Thresholds for GIS & Allowance (May 2025 Old Age Security Cycle)
To qualify for GIS or Allowance payments alongside your May 2025 Old Age Security pension, your income must fall below these limits (OAS income is not counted):
- Single, divorced, or widowed: Less than $22,056
- Married/common-law, spouse gets full OAS: Combined income under $29,136
- Spouse gets Allowance: Combined income under $40,800
- Spouse gets no OAS: Combined income under $52,848
- Allowance for Survivor: Income under $29,712
These benefits are designed to provide extra help to low-income seniors and their spouses or surviving partners.
Is the May 2025 Old Age Security Payment Taxable?
Yes, the May 2025 Old Age Security payment is taxable income. However, by default, Service Canada does not withhold taxes from your OAS payments unless you request it.
To avoid a large tax bill later, you can:
- Log in to your My Service Canada Account and request tax deductions.
- Fill out the Request for Voluntary Federal Income Tax Deductions CPP/OAS form and submit it by mail.
You’ll receive a T4A (OAS) slip (or NR4 if you live abroad) each tax season to report the income on your return.
How to Apply for Old Age Security, GIS or Allowance
If you don’t receive an automatic enrolment letter from Service Canada by your 64th birthday, you should apply for the May 2025 Old Age Security yourself.
Apply online:
- Sign in to your My Service Canada Account
- Fill out the application — note that the system does not allow saving and returning later.
Apply by mail:
- Download and complete the paper form
- Attach certified copies of your documents
- Mail it to your nearest Service Canada location
If you’re applying for Allowance or Allowance for the Survivor, apply at least 6 months before your 60th birthday or immediately after your partner’s death if you’re between ages 60–64.
Final Word: Don’t Miss the May 2025 Old Age Security Payment
The May 2025 Old Age Security payment plays a crucial role in helping Canadian seniors manage housing, groceries, transportation, and more. Whether you’re new to the program or have been receiving OAS for years, make sure you stay informed, track your eligibility, and plan ahead for tax season.
If your payment hasn’t arrived within 10 business days after May 28, 2025, contact Service Canada immediately or log in to your My Service Canada Account for updates.