Recent rumors have suggested that seniors might receive a monthly Old Age Security (OAS) payment of $1,850 in February 2025. However, this information is not accurate according to multiple investigations. The actual OAS payments are significantly lower, and there has been no official confirmation of such an increase from Canadian government agencies like Service Canada.
Official OAS Payments as of Early 2025
The maximum OAS payments as of the first quarter of 2025 are as follows:
- For individuals aged 65 to 74, the maximum OAS payment is approximately $727.67 per month.
- For those aged 75 and older, the payment increases to about $800.44 per month due to a 10% boost for seniors in this age bracket.
Additional Benefits and Misconceptions
While some seniors might achieve a combined monthly income close to $1,850 through a combination of OAS, the Guaranteed Income Supplement (GIS), and the Canada Pension Plan (CPP), no single program offers a monthly payment of $1,850. The maximum GIS for single seniors is approximately $1,065.47 per month, and the CPP can add significantly more, depending on the individual’s contribution history.
Fact-Checking the $1,850 Claim
The claim that OAS will increase to $1,850 in February 2025 has been debunked. These amounts represent a combination of benefits for which a senior may be eligible if they receive maximum payments from all applicable programs.
