As of April 2025, the Canada Revenue Agency (CRA) has implemented significant updates to the federal pension payments under the Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS).
These updates are essential to address the rising cost of living and provide additional support to vulnerable senior citizens. The changes reflect a 2.7% increase to pension amounts, allowing recipients to maintain their purchasing power amidst the ongoing inflation.
Key Adjustments in Social Security Payments
In 2025, one of the primary changes to the Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS) is the increase in payment amounts by 2.7%.
This increase aims to support low-income seniors in managing their living expenses and improving their financial stability.
The adjustments are tied to the Cost of Living Adjustments (COLA), which are assessed quarterly based on the Consumer Price Index (CPI) to reflect inflation.
OAS, GIS, and CPP Adjustments for 2025
The OAS benefit for seniors has seen a 10% increase as part of the COLA adjustments. Senior citizens aged 65 to 74 will now receive $727.97 per month, while those aged 75 and older will receive $800.44.
Additionally, the CPP benefits have increased by 2.6%, with eligible individuals over the age of 65 receiving up to $1,360 monthly.
The GIS payments, aimed at providing income support to low-income seniors, will also increase. Single seniors will receive $1,086.88, while couples will receive $654.30.
Detailed Breakdown of the 2025 Changes
| Benefit Type | Age Range | Amount (Post-COLA) | Increase (%) |
|---|---|---|---|
| OAS | 65-74 | $727.97 | 10% |
| 75+ | $800.44 | 10% | |
| CPP | 65+ | Up to $1,360 | 2.6% |
| GIS | Single Seniors | $1,086.88 | Increased |
| Couples | $654.30 | Increased |
Eligibility Criteria for 2025 Benefits
The eligibility criteria for CPP, OAS, and GIS benefits in 2025 are as follows:
- Canadian citizenship is required for all applicants.
- OAS and GIS: Applicants must be 65 years or older, retired, and have lived in Canada for at least 10 years after turning 18.
- CPP: To qualify for CPP, individuals must have contributed to the program and earned a minimum of 40 work credits, with the applicant being 62 years or older.
How to Claim CRA Benefits in 2025
Eligible individuals can apply for the OAS, GIS, and CPP benefits both offline and online.
- Offline Application: Gather all necessary documentation, such as your birth certificate, IDs, work history, bank details, and other relevant records, and visit a CRA service center near you.
- Online Application: Alternatively, you can create a My Services Canada Account on the official CRA website. This account will allow you to:
- Submit your claim
- Track your application status
- Check eligibility, payment amounts, and dates.
The 2.7% increase in CPP, OAS, and GIS benefits for 2025 ensures that seniors in Canada can better cope with rising living costs.
These pension adjustments play a critical role in improving the financial well-being of senior citizens, helping them maintain their quality of life in challenging economic conditions.
It’s essential for eligible individuals to confirm their eligibility and apply for these benefits either online or offline.
FAQs
What is the 2025 increase in CPP, OAS, and GIS benefits?
The benefits have increased by 2.7% to account for the rising cost of living. OAS has increased by 10%, and CPP has been raised by 2.6%.
Who is eligible for OAS and GIS in 2025?
Applicants must be 65 years or older, retired, and have been a resident of Canada for at least 10 years after turning 18.
How can I apply for these benefits in 2025?
You can apply for CPP, OAS, and GIS benefits online through a My Services Canada Account or by visiting a CRA service center.