As a result of increasing living costs, the Canadian Revenue Agency has announced updates to CPP, Old Age Security, and GIS payments starting from 2025. As a result of these revisions, the Canadian Government has to seniors. The support can be provided by adjusting benefits based on the CPI and inflation.
The OAS, CPP, and GIS Payment Amount For February 2025 will provide us with the updated amounts. Despite the significant increase in the CPP payments for the first quarter, there will be no changes to the OAS or GIS payments.
These adjustments aim to counter inflationary challenges and ensure that seniors have financial stability and financial independence throughout their lives.
OAS, CPP, GIS Payment Amount For February 2025
In February 2025, the OAS, CPP, GIS Payment Amount will show us what the seniors will be able to claim. In 2024, the maximum monthly CPP payment will be $1,433 (up from $1,364.60 in 2024). The pension payments will adjust annually. For the period January to March 2025, OAS and Guaranteed Income Supplement benefits will not be changed. Both these benefits are reviewed quarterly and the next adjustment is now scheduled for April 2025. Therefore, OAS, CPP, and GIS payments will be boosted in 2025 for the first quarter.
Overview of OAS/CPP/GIS payment amounts in 2025
| Post Title | OAS, CPP, GIS Payment Amount For February 2025 |
| Year | 2025 |
| Month | February |
| Country Name | Canada |
| Program Name | Old Age Payment, Canada Pension Plan, Guaranteed Income Supplement |
| Issuing Agency | CRA |
| Canada OAS/CPP/GIS Benefit Eligibility 2025 | Old Aged residents, low income residents, pensioners in Canada |
| Purpose | Financial Assistance |
| Payment Frequency | Monthly |
| Benefits Amounts Comparison 2025 | See this Guide |
| Post Category | Finance |
| Official Web Page | www.canada.ca |
Benefit Eligibility for OAS/CPP/GIS in 2025
Conditions for CPP eligibility:
- This payment was available to retirees between the ages of 60 and 70.
- Legal Canadian residency or citizenship is required for the retiree.
- In their employment years, retirees must contribute to the CPP.
Conditions for eligibility for OAS:
- This benefit is available to seniors over 65 years of age.
- Seniors should be Canadian citizens or residents.
- Senior residents who have lived in their current residence for at least 10 years after turning 18 may be eligible for this benefit.
- In 2024, the income must be:
| Age | Income Threshold |
| 65 Years – 74 Years | $1,48,451 |
| 75 Years or more | $1,54,196 |
Conditions for GIS eligibility:
- It is available to seniors over 65 years of age.
- Low-income seniors must be Canadian citizens or residents.
- OAS must also be claimed by the senior on a monthly basis.
- Income must be as follows:
| Marital Status | Income Limit |
| Single | $22,056 |
| Widow | $22,056 |
| Divorced | $22,056 |
| Married with partner who receive Full Old age Security Pension | $29,136 |
| Married with partner who does not receive Old age Security Pension and allowance | $52,848 |
| Married with partner who receive Allowance | $40,800 |
2025 Comparison of Benefit Amounts
Following are the amounts that will be followed in February 2025, along with a comparison:
Update on CPP payments:
| Benefit Type | 2025 Monthly Amount | 2024 Monthly Amount | Increase |
| CPP | $1,433 | $1,364.60 | $68.4 |
OAS Payment Details:
| Age Group | 2025 Monthly Amount | 2024 Monthly Amount | Increase |
| 65 – 74 Years | $727.67 | $727.67 | No Change |
| 75 Years or older | $800.44 | $800.44 | No Change |
GIS Payment Details:
| Recipient Category | 2025 Monthly Amount | 2024 Monthly Amount | Increase |
| Single | $1,086.88 | $1,086.88 | No Change |
| Widowed | $1,086.88 | $1,086.88 | No Change |
| Divorced | $1,086.88 | $1,086.88 | No Change |
| Married (spouse on full pension) | $654.23 | $654.23 | No Change |
| Married (spouse not on full pension) | $1086.88 | $1086.88 | No Change |
| Married (spouse receiving allowance) | $654.23 | $654.23 | No Change |
