Canada provide various retirement benefits to ensure seniors can live comfortably after leaving the workforce. One of the key benefits for seniors is the Old Age Security and this monthly pension can help Canadians aged 65 and above.
The Canada OAS Pension Hike October 2025 has drawn attention among seniors as the Services Canada has announced a 0.7% increase for the upcoming quarter. This adjustment helps to keep pension benefits in line with rising living costs and inflation.
Canada OAS Pension Hike October 2025
The Canada OAS Pension Hike October 2025 applies to all eligible retirees claiming the OAS. Currently, the monthly pension payout is $734.95 and $808.45 based on the age. Applying the 0.7% increase, the expected new amounts would be approximately $740.09 and $814.10 per month.
But the new official figures are yet to be confirmed by Services Canada. Payments will be automatically updated by Services Canada and seniors already claiming OAS do not need to apply again to get the revised amounts.
CRA OAS Pension October 2025 Overview
| Authority | Canada Revenue Agency (CRA) |
| Post Title | Canada OAS Pension Hike October 2025 |
| Year | 2025 |
| Country | Canada |
| Who Qualifies? | Canadians with low income + aged 65 Years |
| Purpose | To Offer Financial Support |
| Payment Frequency | Monthly |
| Taxability Status | Taxable |
| Payment Date | 29th Oct 2025 i.e. on Wednesday |
| Inflation Indexation | Quarterly |
| Current Status | 0.7% Raise Confirmed |
| Category | Canada Finance |
| Official Website | https://www.canada.ca/ |
Eligibility for Canada OAS Pension Hike
To claim this OAS pension payment, check the following requirements:
- Canadians should be aged 65 and older.
- Applicants must be residency holders of Canada for ten years and these ten years should be computed from the 18 years of age.
- The applicants should have low income. Check out the current limits below:
| Senior’s Age | Annual Net Income |
|---|---|
| 65 Years – 74 Years | Below $1,48,451 |
| 75 Years or Older | Below $1,54,196 |
These income requirements may be adjusted in October 2025 due to inflation adjustment. Qualified residents can apply for this benefit via MSCA or they can also submit a paper application.
Canada OAS Pension New Amounts for October
As of now, the OAS Pension is $734.95 per month for 65 to 74 years aged seniors and $808.45 per month for 75 or older seniors. After applying the 0.7% raise for October 2025 the new amount would be:
- OAS for Seniors Aged 65 to 74 Years: $734.95 ✕ 0.7% = $5.14 → Estimated New Amount: $740.09 Per Month
- OAS For Seniors Aged 75 or Older: $808.45 ✕ 0.7% = $5.65 → Estimated New Amount: $814.10 Per Month
These new figures are not officially confirmed but these are the clear estimate of what seniors can expect for October 2025 to December 2025 period.
CRA OAS Pension Deposit Date
The OAS Pension for October 2025 is scheduled to be deposited on 29 Oct 2025. The new payment amount will be automatically deposited and recipients need to reapply. The adjustment will be automatically reflected in the monthly deposit. Seniors should always verify their payment schedule and their actual payment amount through the MSCA account.
| CRA OAS Pension Deposit Date October 2025 | 29 Oct 2025 (Wednesday) |
FAQs
How much is the new OAS Pension from October 2025?
The new OAS pension is $740.05 for ages 65–74 and $814.10 for 75+, reflecting a 0.7% hike, with official rates to be confirmed by Service Canada.
Is OAS Pension Benefit taxable in Canada?
Yes, the OAS Pension Benefit is taxable in Canada.
Do seniors need to make an application for New Old Age Security October 2025?
No, seniors need not to make an application for the New Old Age Security October 2025. This new amount will be automatically updated.
Who qualifies for the new OAS Pension October 2025?
Those who currently get the OAS pension and meet all the requirements qualify for the new OAS Pension October 2025.
Where can aged Canadians verify the Updated Old Age Security Amount for October 2025?
Aged Canadians can verify the Updated OAS Pension Amount For October 2025 via Canada.ca portal or via MSCA Account.
