The Canadian government updates its monetary advantages every quarter, which are administered through the Canada Revenue Agency (CRA). The most recent increase occurred in October 2024. As of 2025, OAS (Old Age Security) and CPP (Canada Pension Plan) benefits have been raised by 2.5%. However, whether this increase will continue in the future or not depends on many factors. This increase has been made mainly to ensure the financial stability of senior citizens who depend on these government benefits for their daily needs.
OAS and CPP benefits are the most important financial support for Canadian seniors who fall in the low-income and vulnerable category. Millions of senior citizens use these monthly benefits to manage their household expenses, health care, grocery, electricity bills, etc. Eligible applicants can meet the eligibility criteria to avail OAS and CPP benefits for 2025 and avail the increase in their monthly pension.
2.5% Boost In OAS & CPP Benefits In 2025
The 2.5% increase in OAS and CPP benefits in 2025 was first made in October 2024. This change was made according to the Canadian inflation rate (CPI) and Consumer Price Index (COLA). These adjustments are needed to ensure that the amount of these benefits is sufficient and citizens can manage their monthly expenses.
Now these benefits will be reviewed again by April 2025 and till then this 2.5% increase will be applicable. Those who want to avail OAS and CPP benefits for 2025 can check the eligibility criteria and application process by visiting the official website of CRA.
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2.5% Boost In Old Age Security & Canada Pension Plan Payment 2025
| About | 2.5% Boost In Old Age Security & Canada Pension Plan Payment 2025 |
| Country | Canada |
| Government | Government of Canada |
| Name of the payments | CPP and OAS |
| Year | 2025 |
| Authority | CRA |
| Category | Finance |
| Payment dates | January 2025 |
| Percentage increase | 2.5% |
| Payments frequency | Monthly payments |
| Official handle | Official online portal of the CRA |
CPP & OAS Eligibility Criteria 2025
The points given below explain the OAS and CPP eligibility criteria 2025:
- OAS and CPP benefits will be given only to valid citizens of Canada who fall in the senior citizen category.
- OAS benefits will be given to seniors who are 65 years or older, who have resided in Canada for 10 years or more, and who have low income or who are eligible for GIS (Guaranteed Income Supplement).
- CPP benefits are for seniors who are 62 years or older, who have low income and who have contributed to CPP for 40 years during their tenure.
How To Claim 2.5% Boost In OAS & CPP Benefits In 2025?
Follow the steps below to claim the increase in OAS and CPP benefits:
- Choose the mode of application: You can apply online, offline, via telephone or email.
- Prepare documents: Collect your personal and legal documents such as birth certificate, proof of residence, income and property related documents.
- Offline and telephonic application: The concerned officials will assist you for this. Download, print and fill the application form.
- Apply Online: Visit the official website of CRA, create your MSCA (My Service Canada Account), find the application form and fill it carefully.
- Submit Documents: After the submission of the application and documents for verification, you will begin receiving your monthly payments if you qualify.
Read More :- 2025 OAS Benefits Update: $1,790 + $943 Monthly Increase and Key Dates
OAS Payments Amount 2025
| Age 65 to 74 | $727.67 |
| Age 75 and above | $800.44 |
CPP Monthly Benefits Amount 2025
| Retirement pension | $1,433 |
| Disability benefits with CPP | $1,673.24 |
| Post retirement disability | $589.49 |
| Survivors pension for 65 years and above | $859.80 |
| Death benefits | $2,500 |
| Survivors benefits and disability benefits | $1,683,57 |
CPP And OAS Payments Date January 2025
| CPP | January 29, 2025 |
| OAS | January 29, 2025 |
Disclaimer – 2.5% Boost In OAS & CPP Benefits In 2025
The news regarding the 2.5% increase in OAS and CPP benefits is correct, and it came into effect from October 2024. The Canadian government reviews these benefits every three months to ensure that it is in line with current inflation and economic conditions.
In the above article, we have given details of the increase in OAS and CPP benefits, eligibility criteria, and application process. Applicants are advised to verify all the information by visiting the official website of CRA and consult the relevant authorities.
FAQs :-
When was the 2.5% boost in OAS & CPP benefits applied?
The 2.5% boost was applied in October 2024 and will remain effective until March 2025.
Who qualifies for the OAS benefits?
Citizens aged 65+, living in Canada for 10+ years, with low income or GIS eligibility, qualify.
What are the CPP eligibility criteria for 2025?
Citizens aged 62+ with low income and 40 years of CPP contributions are eligible.