Retirement should feel like a calm breeze, not a financial thunderstorm. For many Canadian seniors, the Old Age Security (OAS) program acts as a financial safety net. Lately, there’s been buzz about a supposed $1,850 one-time bonus for OAS pensioners. But is this windfall real, or just internet noise? Let’s clear the fog and set the record straight.
Rumor
So, what’s all this chatter about an extra $1,850? Sadly, it’s not true. There’s no confirmed government bonus of that amount in June 2025. The rumor likely started from a misunderstanding—mixing regular OAS payments, possible retroactive sums, or combining benefits like GIS and CPP.
If you’ve heard about a big cheque landing in your account this June, it’s best to pause. No official announcement backs up this claim.
Overview
To stay grounded, here’s a quick summary of the facts around OAS:
| Topic | Details |
|---|---|
| Program | Old Age Security (OAS) |
| Eligibility | 65+, lived in Canada 10+ years |
| Payment Date | June 28, 2025 |
| Monthly Max (65–74) | $727.67 |
| Monthly Max (75+) | $800.44 |
| Extra $1,850 Bonus | Not real – misinformation |
| Taxable? | Yes |
| Clawback Begins | $90,997/year net income |
| Apply | 6 months before turning 65 |
Basics
Old Age Security is a monthly payment from the federal government to help seniors cover the basics. Unlike CPP, you don’t need a job history. It’s based on age and years lived in Canada. As long as you’re 65+ and have lived in Canada for at least 10 years since turning 18, you likely qualify.
Payments
OAS payments change quarterly. For April to June 2025:
- Ages 65–74 get up to $727.67/month
- Ages 75+ get up to $800.44/month
Next payday? Mark your calendar: June 28, 2025.
Payments come automatically if you’ve set up direct deposit. If not, check your mailbox or your online CRA account.
Taxes
OAS counts as income. That means it goes on your tax return and could affect your tax bracket or access to income-based benefits.
Once your net income crosses $90,997 in 2025, you’ll face the dreaded clawback. For every dollar above that limit, 15 cents are chopped off your OAS. Hit around $147,000, and your OAS could disappear entirely.
Extras
Even though there’s no $1,850 one-time bonus, other programs can boost your income:
- GIS (Guaranteed Income Supplement): Adds monthly tax-free money if your income is low. Some singles get over $1,000/month.
- Allowance: For 60–64-year-olds married to GIS recipients.
- Allowance for the Survivor: For widows aged 60–64 with low income.
These aren’t automatic—you need to apply and meet eligibility rules.
Differences
Not sure how OAS compares to CPP? Here’s a quick breakdown:
| Feature | OAS | CPP |
|---|---|---|
| Eligibility | Age + residency | Job history |
| Funding | General taxes | Worker & employer |
| Taxable | Yes | Yes |
| Apply? | Often automatic | Must apply |
Most retirees get both. Smart planning can help you collect more from each.
Strategies
Want to make the most of your retirement income? Try these tips:
- Delay OAS to Age 70: Increases monthly payments by up to 36%.
- Split Pension Income: Reduces clawback risk.
- Withdraw RRSPs Strategically: Avoid tax spikes and lost benefits.
- Use TFSAs: Withdrawals don’t affect OAS or GIS.
Apply
Some folks get auto-enrolled, but not everyone. To be safe, apply:
- 6 months before your 65th birthday
- Online or by paper application
Delayed applying? You can still get up to 11 months in back payments.
While the dream of an $1,850 OAS bonus may sound sweet, it’s just that—a dream. But that doesn’t mean you’re out of options. With regular OAS payments, supplements like GIS, and smart financial planning, Canadian seniors have solid tools to build a stable and peaceful retirement.
FAQs
Is the $1,850 OAS bonus real?
No, it’s a false rumor with no official support.
When is the next OAS payment?
June 28, 2025, is the next scheduled payment.
Is OAS taxable income?
Yes, OAS payments are considered taxable.
What is the 2025 OAS clawback limit?
Clawbacks start at $90,997 in net income.
Can I delay OAS for higher payments?
Yes, delaying to age 70 increases payments by up to 36%.
