Get an Extra $150 OAS Payment in March 2025: Eligibility and Important Dates

The Old Age Pension in Canada is part of the public pension system and offers month-to-month economic support to seniors aged sixty five years and above. The cause of this pension is to offer seniors and retirees with a simple profits if you want to keep an inexpensive fashionable of living in their retirement years.

To hold pace with inflation and rising charges, the Old Age Pension is adjusted by Service Canada as soon as every 3 months, based totally at the CPI (Consumer Price Index). There is now talk of a further $150 OAS payment in March 2025, if you want to mirror quarterly inflation adjustments.

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Additional $150 OAS Payment in March 2025

This extra $150 OAS payment is expected in March 2025, which may also take place as a part of the quarterly adjustment. This $150 additional price may be seen as a part of the vintage age pension from March 31, 2025. As per the primary quarterly adjustment, the maximum pension for seniors elderly 65 to 74 years will be $727.67 and for seniors elderly 75 years and above, it’ll be $800.44. Now within the second region, this pension charge will be improved by using $one hundred fifty.

This approach that the $727.67 charge could boom to $877.67, and the $800.44 price could increase to $950.44 according to month. However, this $one hundred fifty increase is currently simplest a remember of debate and CRA has now not announced any official extra $150 old age pension fee on the cease of March.

Canada OAS Extra Payment In March 2025- Highlights 

CRA Old Age Security Eligibility 2025

This $150 additional payment may be part of a payment increase paid in the second quarter. Whenever the CRA increases payments, the increase is automatically added to the regular payment. This means that there will be no separate eligibility criteria for the increased amount, but the same eligibility criteria for the regular payment will apply for the increased amount.

• Individuals who are 65 years or older will be eligible for this increased payment.
• Individuals who have been residents in Canada for 10 years after turning 18 receive a partial pension, and those who have been resident in Canada for more than 40 years receive a full pension.
• Candidates must be Canadian citizenship or legal resident.
• Seniors must have a net income below the threshold for their age.

Canada OAS Payment Schedule 2025

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This increase is likely to be implemented from the second quarter. This means that this payment amount will be confirmed in March, but officially the payment will be made in April 2025. Here you can see the monthly payment schedule of the old-age pension:

Fact check: $150 increase in OAS pension in March 2025

There are some reports about an additional $150 old-age pension payment in March 2025. These claims may or may not be credible, as Service Canada will adjust this OAS pension in the second quarter. According to reports, this $150 will be given at the end of March, but officially this payment will be distributed in April 2025. This $150 additional payment is likely, but seniors should verify it from official sources before making any financial plans based on such information. Currently, we advise seniors to wait for official confirmation.

So, if you are waiting for this increased OAS payment, it is very important that you get information only from official sources and avoid rumors.

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