Good news for Canadian seniors—extra retirement payments are arriving this month from the Canada Revenue Agency (CRA). These include scheduled increases for Old Age Security (OAS), Canada Pension Plan (CPP), and the Guaranteed Income Supplement (GIS), designed to help retirees keep pace with rising living costs.
The next set of payments is expected to be deposited on July 29, 2025, and eligible recipients could see increased amounts due to recent inflation-linked adjustments.
Whether you’re already receiving retirement benefits or planning to apply soon, here’s everything you need to know about who qualifies, how much you could get, and how to ensure timely delivery.
What’s Being Paid This Month?
| Benefit Type | Eligibility | Maximum Monthly Payment (July 2025) |
|---|---|---|
| Old Age Security (OAS) | Age 65+ and meet residency requirements | $734.95 (65–74), $808.45 (75+) |
| Canada Pension Plan (CPP) | Age 60+ with valid contributions | Up to $1,433.00 |
| Guaranteed Income Supplement (GIS) | Low-income OAS recipients | Up to $1,097.75 (single) |
These amounts reflect the most recent quarterly indexation adjustment to account for cost-of-living increases.
July 2025 Payment Schedule
- All three benefits—OAS, CPP, and GIS—will be paid on Tuesday, July 29, 2025.
- Payments are typically made via direct deposit and should appear in accounts by morning.
- Those who receive payments by cheque should allow for additional mail delivery time.
Who Is Eligible for the Extra Retirement Payments?
Old Age Security (OAS)
- Must be 65 years or older
- Must have lived in Canada for at least 10 years after turning 18
- Individuals aged 75 and older receive an automatic 10% increase
Canada Pension Plan (CPP)
- Available to individuals aged 60 or older
- Payment amount is based on lifetime contributions
- The longer you defer CPP (up to age 70), the higher your monthly benefit
Guaranteed Income Supplement (GIS)
- Available to OAS recipients with low income
- Must meet income thresholds:
- Single: Net annual income below ~$22,000
- Couples: Combined income below ~$30,000 (varies by partner’s status)
These benefits are designed to support seniors across a range of incomes, from modest CPP recipients to low-income retirees relying on GIS.
What You Need to Do
To ensure you receive your July 2025 retirement payments without delay:
- Register for Direct Deposit: The fastest, most reliable way to receive benefits.
- Check Eligibility: Make sure you qualify for OAS, CPP, or GIS by reviewing your personal and financial details.
- Update Information: Log in to your CRA or Service Canada account to confirm your mailing address and banking information.
- Monitor Payment Date: Check your account balance on or after July 29 to confirm receipt.
If you haven’t received your payment within a few days of the expected date, follow up through the appropriate CRA or Service Canada channel.
Can You Get More?
- OAS can be deferred for up to 60 months, increasing monthly payments by 0.6% for each month delayed.
- If your income has dropped, you may become eligible for GIS even if you weren’t before.
- If you turn 75 this year, your OAS automatically increases by 10% starting the month after your birthday.
CRA Retirement Benefits (July 2025)
| Benefit | Max Amount (Monthly) | Payment Date | Eligibility |
|---|---|---|---|
| Old Age Security (OAS) | $734.95 – $808.45 | July 29, 2025 | Age 65+, residency history |
| Canada Pension Plan (CPP) | Up to $1,433.00 | July 29, 2025 | Age 60+, based on contributions |
| Guaranteed Income Supplement (GIS) | Up to $1,097.75 | July 29, 2025 | OAS recipients with low income |
CPP, and GIS ensures that older Canadians receive the financial support they deserve, especially as costs rise.
To make the most of this month’s payment:
- Review your eligibility
- Keep your personal details updated
- Enroll in direct deposit
- Check your account around July 29, 2025
Whether you’re already enrolled or planning your retirement soon, these benefits can offer a significant boost to your monthly income and peace of mind.
FAQs
Do I have to apply separately for the July 2025 payment?
No. If you’re already receiving OAS, CPP, or GIS, your monthly payments are automatic, including the July 2025 disbursement.
Can I receive retroactive OAS or GIS payments?
Yes. If you’re eligible and delayed applying, you may request up to 11 months of backdated payments for OAS or GIS.
What should I do if I haven’t received my payment?
Wait at least 3 business days after the payment date, then log into your CRA or Service Canada account to check the status. If needed, contact their support line.