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.
OAS Pension Hike Announced for October 2025
The Canada OAS Pension Hike October 2025 has drawn wide attention among seniors after Services Canada confirmed a 0.7% increase in monthly payments for the upcoming quarter. This adjustment is part of Canada’s inflation-indexation system, which ensures pension amounts rise in line with the cost of living.
For seniors depending on government pensions to cover daily expenses, even a small increase provides much-needed relief.
Who Will Benefit From the Increase?
The 0.7% hike applies to all eligible retirees currently receiving OAS. This means seniors aged 65 and above will automatically see an adjustment in their October 2025 payments.
Currently, monthly OAS payments stand at:
- $734.95 for seniors aged 65–74
- $808.45 for seniors aged 75 and above
With the new increase, payments are expected to rise to:
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- $740.09 for ages 65–74
- $814.10 for ages 75+
While these are estimated figures, the final confirmation will come directly from Services Canada.
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 aged 65+ with low income |
| Purpose | To provide financial support for seniors |
| Payment Frequency | Monthly |
| Taxability Status | Taxable |
| Payment Date | 29th October 2025 (Wednesday) |
| Inflation Indexation | Quarterly |
| Current Status | 0.7% raise confirmed |
| Category | Canada Finance |
| Official Website | canada.ca |
Eligibility for OAS Pension Payments
To qualify for OAS pension benefits, seniors must meet certain requirements:
- Age: Must be 65 years or older.
- Residency: Must have lived in Canada for at least 10 years after the age of 18.
- Income Limits:
- Ages 65–74: Annual net income below $148,451
- Ages 75+: Annual net income below $154,196
These income thresholds may also be adjusted in October 2025 based on inflation.
Applicants can apply via My Service Canada Account (MSCA) or through paper applications.
Estimated New Pension Amounts for Seniors
Currently, OAS pension payouts are set at $734.95 and $808.45 depending on the recipient’s age. After applying the 0.7% inflation increase, the amounts are expected to be:
- For ages 65–74: $740.09 per month
- For ages 75+: $814.10 per month
These new rates will apply from October 2025 through December 2025, with official confirmation expected closer to the payment date.
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OAS Deposit Date for October 2025
According to the CRA, the OAS pension for October 2025 will be deposited on Wednesday, 29th October 2025.
Payments will be updated automatically, meaning seniors do not need to reapply. The increase will be reflected directly in their bank accounts or mailed cheques, depending on the method of payment selected.
Recipients are advised to always check their MSCA account for real-time updates on payment schedules and deposit amounts.
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Why This Matters for Canadian Seniors
For many seniors, the OAS is a critical source of monthly income. Although the 0.7% increase may appear modest, it helps offset inflation pressures, especially on housing, food, and medical expenses.
This pension adjustment ensures seniors continue to receive support that grows in line with living costs, maintaining purchasing power in uncertain economic times.
FAQs on Canada OAS Pension Hike October 2025
Q1. What is the OAS pension increase for October 2025?
The OAS pension will rise by 0.7%, effective October 2025.
Q2. How much will seniors receive after the increase?
- Ages 65–74: About $740.09 per month
- Ages 75+: About $814.10 per month
Q3. Do seniors need to reapply to receive the new amount?
No. The increase is applied automatically. Seniors will receive the updated amount without needing to reapply.
Q4. When will the new OAS payment be deposited?
The October 2025 OAS payment will be deposited on Wednesday, 29th October 2025.
Q5. How is the OAS pension amount decided?
OAS payments are indexed to inflation and reviewed quarterly, meaning they adjust according to rising living costs.