Canada Approves $700 OAS Boost for April – Are You Getting the Full Amount?

Canada Approves $700 OAS Boost for April: In April 2025, many Canadians are buzzing about the news of a potential $700 boost in Old Age Security (OAS) benefits. But before you start celebrating, it’s important to separate fact from fiction. Despite widespread speculation, there has been no official confirmation of a one-time $700 increase. What’s real, however, is the regular structure and possible additional supports that OAS recipients can access.

Understanding how OAS benefits work — and how to get the full amount you’re entitled to — is essential for any senior or soon-to-be retiree in Canada.

Canada Approves $700 OAS Boost for April

While the $700 OAS boost might not be real, the benefits you can receive as a Canadian senior are very much tangible. Between OAS, GIS, and other programs, support is available — but it’s up to you to understand your eligibility and maximize what you’re entitled to.

Stay informed, check your Service Canada account, and take advantage of the support that exists. Whether you’re planning for retirement or already enjoying it, knowing the ins and outs of OAS can make a significant difference in your financial security.

What is Old Age Security (OAS)?

The Old Age Security pension is one of Canada’s largest retirement income programs. It provides monthly payments to eligible individuals aged 65 and older, regardless of employment history.

Who Can Get OAS?

You may qualify for OAS if:

• You are 65 years of age or older
• You are a Canadian citizen or legal resident
• You have lived in Canada for at least 10 years since turning 18

If you’ve lived in Canada for 40 years or more, you are typically eligible for the full OAS pension. If not, you may receive a partial amount, based on the number of years you’ve resided in the country after turning 18.

Current OAS Payment Amounts (April to June 2025)

The OAS program adjusts payments quarterly based on inflation. As of this quarter, here’s what eligible seniors receive:

• Ages 65–74: $727.67 per month
• Ages 75 and older: $800.44 per month

These amounts are reviewed every three months based on the Consumer Price Index (CPI) to help seniors maintain their purchasing power.

What About the $700 OAS Boost?

The rumored $700 OAS increase appears to be a misunderstanding or misinterpretation of other senior benefits or one-time support programs. No such increase has been officially announced or implemented for April 2025.

That said, low-income seniors may qualify for other significant monthly supplements, which, when combined with OAS, can lead to higher total benefits — sometimes exceeding $1,800 per month.

Additional Benefits for Low-Income Seniors

In addition to OAS, the government offers extra help for lower-income seniors. Here’s what you need to know:

Guaranteed Income Supplement (GIS)

The GIS is a monthly benefit for people receiving OAS who have little or no other income.

Maximum GIS Amounts (April–June 2025):

• Single, widowed, or divorced: Up to $1,086.88/month
• Married/common-law (both getting OAS): Up to $654.23/month each

To qualify, your income must fall below specific annual limits.

Allowance (Ages 60–64)

If your spouse or common-law partner receives both OAS and GIS, and you’re between 60 and 64 years old, you may qualify for the Allowance benefit.

• Allowance maximum: $1,381.90/month

Allowance for the Survivor

If your spouse or partner has passed away, and you’re aged 60–64, you may be eligible for this support.

• Survivor Allowance maximum: $1,647.34/month

What is the OAS Recovery Tax?

The OAS Recovery Tax is a repayment system for higher-income seniors.

If your annual income is above $86,912, you may have to pay back part or all of your OAS through tax deductions. This amount is calculated as 15% of the income over that threshold.

Example:

• If your net income is $96,000:
  • Excess: $96,000 – $86,912 = $9,088
  • Repayment: 15% of $9,088 = $1,363.20
• This amount would be deducted from your OAS payments over the following benefit year.

OAS Payment Dates for April to June 2025

Seniors can expect their payments to be deposited on the following dates:

• April 28, 2025
• May 28, 2025
• June 26, 2025

To avoid delays, make sure your direct deposit details and mailing address are up to date with Service Canada.

Canada Approves $700 OAS Boost for April Apply for OAS

Applying for OAS is straightforward:

• Get notified – You may be automatically enrolled. If not, you’ll receive a letter.
• Apply online or by mail – Use your My Service Canada Account or download the paper application.
• Check status – Log in to your account or contact Service Canada.

Tip: Apply six months before turning 65 to ensure timely payments.

Common Mistakes to Avoid

• Waiting too long to apply: This can delay payments or result in missed months.
• Not reporting income changes: This can impact GIS eligibility or cause clawbacks.
• Ignoring letters from Service Canada: They might contain critical enrollment or tax information.

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FAQs On Canada Approves $700 OAS Boost for April

Is there a real $700 increase to OAS?

No, there is currently no confirmed $700 increase in monthly OAS payments.

How much can I receive in total per month?

Depending on your age, income, and eligibility for GIS or Allowance, you may receive up to $1,800+ per month.

Do I need to apply for OAS?

Some people are automatically enrolled. Others must apply manually. If you don’t receive a letter by age 64, you should apply.

Will I lose OAS if I earn too much?

You won’t lose it entirely unless your income is significantly high, but you may have to repay part of it through the recovery tax.