$969 OAS Pension In July 2025 – Pension Amount, Eligibility & Whom It Is For?

Canadian seniors rely heavily on Old age security as part of their retirement income. This benefit was designed to provide regular income to the seniors and periodic increases are made in this benefit to reflect the changes in living costs due to inflation. In July 2025, some online posts showed updates on $969 Per month under OAS. The $969 OAS Pension In July 2025 sparked questions such as Is this $969 a new maximum OAS? Did CRA increase the OAS by a big amount? But the reality is that the standard OAS pension has not jumped to $969 overnight. Instead this amount reflects a combination of small inflation based increase and voluntary deferral increase. 

$969 OAS Pension In July 2025

The $969 OAS Pension In July 2025 is not a new base payment announced by Service Canada and this is also not a one time increase. Instead, this $969 figure is the outcome of the two factors which are 1% Inflation based adjustment from July 2025 and the deferral bonus for seniors who delay OAS to age 70. For example, if a senior who delayed OAS until age 69 or 70 then they would be entitled to get higher payment than who started at the age of 65. When this deferral bonus is combined with 1% recent inflation adjustment then the monthly max amount can easily reach $969 or even more. This $969 is not a flat rate for all old age security claimants. 

CRA Old Age Security Inflation Adjustment July 2025 – Highlights  

$969 Old Age Security Amount Breakdown 2025

Let’s understand this $969 amount with an example. Let’s say someone turned 65 in July 2020 and then he/she chose to defer the OAS until July 2025 at age 70 Years. In July 2025, their payment could be calculated as:

• OAS Amount in June 2025: $727.67 
• OAS Amount in July 2025 after 1% Inflation Adjustment: $734.94
• 36% Deferral Bonus for 5 years in June 2025: $727.67*36% = $989.63 
• 36% Deferral Bonus for 5 Years in July 2025: $734.94*36% = $999.52 
• If some chose to defer till age 69 then amount in July 2025 would be $946.61 

As per this 1% raise and 36% deferral increase, the OAS benefit could reach $969 per month. 

Important Note: The $969 per month payment is not for every OAS Claimant. This benefit is for those who chose to defer. 

OAS Pension Eligibility 2025

Basic OAS Eligibility: 

• Claimants should reach the age of 65 years.
• Claimants should be Residents of Canada. 
• Claimants should follow income rules and have 10+ years of residency from eighteen years of age. 

$969 OAS Eligibility:

• All above basic rules must be followed. 
• Claimants must defer OAS to 69 or 69 Years. 
• Claimants should be qualified for max base OAS and max Deferral bonus. 

Old Age Security Deposit Dates July 2025 

The CRA follows a fixed payment schedule for OAS. This $969 payment is part of deferral payment and inflation increase, so the $969 would be provided as per regular fixed schedule. For July 2025, the OAS Payment is scheduled to be distributed on:

• 29th July 2025

Fact Check: $969 OAS Pension July 2025 

The $969 OAS Pension In July 2025 is not a flat rate increase for all seniors. This $969 is the result of voluntary deferral where seniors delay OAS to 70 years and the 1% inflation based adjustment effective from July 2025. Seniors who deferred their OAS Pension to age 69 or 70 then they could get $999.52 including 1% CPI raise. This amount is closer to $969 which means seniors may also get this amount. But there is no formal universal $969 OAS Payment. 

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