⁠Extra $1,980 OAS Benefit Checks Coming In January 2025 – Know Payment Date Now

Seniors in Canada are eligible to claim the OAS Benefit, a government-funded pension program that is available to those over 65 years of age. A person’s eligibility for OAS depends on their residency history rather than on their work history. The OAS pension plays a vital role in supporting seniors. The OAS payments have been enhanced in recent years and they are generally revised quarterly.

As a result, the individuals maintain a balance between their daily living costs and rising market prices. It has been reported that some news channels and other sources, such as social media, will soon provide seniors with an extra $1,980 in OAS benefits. Seniors are, however, advised to keep an eye out for unverified claims such as these.

An additional $1,980 of OAS benefits will be paid in January 2025

The rumors about an extra $1980 in OAS Benefit Checks being paid in January 2025 have been capturing the attention of seniors who need financial assistance. It is expected that the claims have been shared by unreliable sources and are aligned with the needs of the senior community.

Inflationary pressures on seniors, including rising living costs and healthcare facility costs, are addressed by the rumored Extra $1980 OAS Benefit. A monthly OAS Benefit claimed by citizens online provides them with additional funds that enable them to afford necessities and earn a living amidst the rising recession.

Overview of the Old Age Security Benefit 2025 on canada.ca

Post⁠Extra $1,980 OAS Benefit Checks Soon In January 2025
Proposed ByThe Canadian Government
CountryCanada
Benefit Providing AgencyCanada Revenue Agency (CRA)
Main Purpose of the PaymentFinancial Support
Eligibility Senior Citizens
Payment Date29th Jan, 2025
Payment Amount $1980
FrequencyEvery Month
StatusRumored
Post TypeFinance
Official Websitecanada.ca

January 2025: Who can claim $1,980 in OAS benefits?

A total of $1980 is expected to be retrieved by eligible claimants of OAS Benefit. The eligibility criteria are as follows:

  • Over 65 years of age
  • Citizens of Canada
  • Residents of Canada who are legal permanent residents
  • A person who meets the authorities’ income thresholds.
  • Households with low incomes.

Payment Schedule for OAS Benefit Checks in 2025

As per the rumored claims spread by certain news platforms, the $1980 OAS Benefit should be credited to the individuals on the original payment dates as announced by official authorities. The following dates are expected by eligible beneficiaries to retrieve the payments:

MonthPayment Dates 2025
January29th Jan, 2025
February26th Feb, 2025
March27th Mar, 2025
April28th Apr, 2025
May28th May, 2025
June26th Jun, 2025
July29th Jul, 2025
August27th Aug, 2025
September25th Sept, 2025
October29th Oct, 2025
November26th Nov, 2025
December22nd Dec, 2025

2025 Canada OAS Benefit Amount

It is believed that OAS Benefits 2025 will be granted based on the recipient’s age, income and other situational circumstances. The OAS Benefits 2025 to be received by the recipients through direct deposits or cheques are as follows:

AgeIncome LevelsPayment Amount 2025
65 – 74 years old$148,451$727.67
75 and above$154,196$800.44

Fact Check: $1,980 OAS Benefit Checks In January 2025

It has not been officially announced by CRA or other sources that the additional $1980 OAS Benefit Check will be provided to seniors. To provide financial independence to individuals over the age of 65, the Government has taken a significant step with the Old Age Security program. The official sources have announced a benefit amount worth $727.67 OAS monthly benefits for all Canadian seniors aged 65 – 74 eligible to claim OAS. Individuals over 75 can claim $800.44 monthly. The news of $1980 OAS Benefit Checks should, however, be considered speculation and should be verified by the individuals before claiming them.

About John Parker

John is a seasoned finance professional with over five years of experience in the financial sector. Throughout his career, he has contributed to various esteemed financial publications, including USA Today and The Sun, among others. His expertise spans across financial analysis, investment strategies, and market trends, making his insights invaluable for anyone looking to deepen their understanding of finance. Through his work on multiple finance-focused websites, John aims to provide readers with reliable, informative, and actionable financial content.

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