Canadian seniors heavily depend on the Old Age Security (OAS) pension as a vital part of their retirement income. With rising inflation, many recipients are noticing changes in their monthly OAS deposits.
In July 2025, the talk of a $969 OAS payment has caught attention nationwide. But what does this number mean? Is it a new base rate or a special bonus?
In this article, we break down the reality of the $969 OAS pension, the role of deferral bonuses, eligibility criteria, payment dates, and what Canadian retirees can expect in July 2025.
Understanding the $969 OAS Pension in July 2025
Contrary to popular belief, $969 per month is not a new flat OAS pension rate introduced by Service Canada. Instead, it’s a figure that combines two components:
- A 1% inflation-based adjustment to the base OAS starting July 2025.
- A deferral bonus for seniors who delayed claiming their OAS up to the age of 69 or 70.
Those who defer OAS beyond age 65 receive an additional 0.6% per month, up to a maximum of 36% at age 70. When this deferral bonus is added to the newly adjusted OAS base, the monthly payment can reach $969 or more.
OAS Pension Breakdown – July 2025
Here’s a closer look at how the $969 monthly OAS figure is calculated:
| Category | Details |
|---|---|
| Base OAS Amount (Age 65-74) | $734.94/month |
| Base OAS Amount (Age 75+) | $808.44/month |
| Inflation Adjustment (July 2025) | 1% increase |
| Maximum Deferral Bonus | 36% if deferred until age 70 |
| Example Payment at Age 70 | $999.52/month |
| Example Payment at Age 69 | $946.61/month |
| OAS Payment Date | 29th July 2025 |
| Who Gets $969? | Eligible claimants aged 69-70 with full deferral |
How the $969 OAS Amount is Reached
Here’s a simplified example:
- Base OAS in June 2025: $727.67
- After 1% July Inflation Adjustment: $734.94
- 36% Deferral Bonus Applied:
- $734.94 × 36% = $264.58
- Total OAS = $734.94 + $264.58 = $999.52
So, if someone defers OAS until age 70, their July 2025 monthly payment could exceed $969 depending on the exact start date and base rate. If deferred till age 69, the amount would be approximately $946.61.
Who Is Eligible for the $969 OAS Pension?
To receive the $969 OAS pension, individuals must meet both basic and advanced criteria.
Basic OAS Eligibility:
- Must be 65 years or older
- Must be a Canadian resident
- Must have lived in Canada for at least 10 years since turning 18
- Must meet income thresholds set by CRA
Additional Eligibility for $969 Payment:
- Must defer OAS to age 69 or 70
- Must qualify for the maximum deferral bonus
- Must be eligible for the maximum base OAS amount
OAS Payment Date – July 2025
All Old Age Security payments follow a set monthly schedule. For July 2025, the payment date is confirmed as 29th July 2025.
If you’re eligible for the deferral bonus and the inflation-adjusted rate, your deposit of up to $969 or more will be processed on this date, just like any standard OAS payment.
Key Takeaways
- The $969 OAS payment is not a new standard rate for everyone.
- It combines a 1% inflation increase and a deferral bonus of up to 36%.
- Seniors who delay OAS to age 69 or 70 and meet all criteria are eligible.
- The official payment date is 29th July 2025.
The $969 OAS Pension in July 2025 reflects a combination of inflationary adjustment and strategic deferral by seniors.
While not all pensioners will receive this amount, those who plan wisely and defer until age 70 stand to benefit significantly from the increase.
FAQs
Is every senior in Canada getting $969 OAS in July 2025?
No, only those who deferred their OAS pension to age 69 or 70 and qualify for the maximum deferral bonus will receive this amount.
Can I defer my OAS after age 65 to receive more?
Yes. OAS can be deferred up to age 70, and you’ll receive 0.6% more per month, resulting in up to a 36% increase.
When is the next OAS payment scheduled for July 2025?
The next OAS payment date is 29th July 2025, and it includes the inflation adjustment for eligible recipients.