Thousands of Canadian seniors are waking up to a surprise in their bank accounts this April. A combined $2,550 deposit is being issued to eligible recipients of the Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs.
This financial boost is a timely response to ongoing cost-of-living pressures and is automatically deposited to those who qualify.
What Is the $2,550 OAS Deposit?
The $2,550 deposit is not a new one-time payment but a combination of existing monthly entitlements for qualifying seniors, including:
- Old Age Security (OAS)
- Guaranteed Income Supplement (GIS)
- Allowance (for low-income seniors aged 60–64 with a partner receiving GIS)
- Allowance for the Survivor (for low-income widowed individuals aged 60–64)
These programs are designed to ensure that seniors in Canada have the financial support they need during retirement, especially if they are living on a low or fixed income.
Who Is Eligible for the Deposit?
To qualify for the full $2,550 monthly deposit, individuals must meet certain conditions:
- Be 65 years of age or older for OAS and GIS
- Have lived in Canada for at least 10 years since turning 18
- File a 2023 tax return
- Meet the income eligibility limits for OAS and GIS
- Be a legal resident of Canada at the time of payment
Some seniors aged 60 to 64 may qualify for the Allowance or Allowance for the Survivor, depending on their circumstances.
Breakdown of April 2025 Benefits
Here’s a breakdown of the monthly maximums that could make up the total $2,550 deposit:
| Benefit Type | Maximum Monthly Amount | Eligibility Criteria |
|---|---|---|
| OAS (Aged 65–74) | $727.67 | Age 65–74, income below threshold |
| OAS (Aged 75+) | $800.44 | Age 75+, income below higher threshold |
| GIS (Single) | $1,086.88 | Low-income, receiving OAS |
| Allowance (Age 60–64) | $1,381.90 | Low-income, spouse receives OAS & GIS |
| Allowance for the Survivor | $1,647.34 | Low-income, widowed, age 60–64 |
Note: Not every recipient will receive the full $2,550—amounts vary depending on income, age, marital status, and benefit combinations.
Payment Details
- Payment Date: April 28, 2025
- Delivery Method: Direct deposit or cheque (depending on personal setup)
- Frequency: Monthly (combined benefits may vary month to month)
Make sure your bank account information and mailing address are up to date to avoid delays.
How to Ensure You Get Paid
Here are steps to ensure you receive your payment without issues:
- File your 2023 income tax return promptly
- Confirm your direct deposit info in your My Service Canada Account
- Review and update your marital status and income details
- Monitor your payment notifications and bank statements
The $2,550 OAS deposit in April 2025 is a powerful show of support for seniors managing everyday expenses. Whether you’re already receiving OAS, GIS, or the Allowance, this combined amount can provide real relief during a time of financial uncertainty.
Make sure all your information is up to date and that you’ve filed your taxes—because if you qualify, this boost could already be on its way to your account.
FAQs
Will every senior receive the full $2,550?
No. Only those eligible for multiple maximum-level benefits (like OAS, GIS, and Allowances) will reach this total. Most will receive partial amounts based on their individual circumstances.
Do I need to apply separately for this deposit?
No separate application is needed if you’re already enrolled in OAS and GIS. The payment is automatically issued to those who qualify.
What if I didn’t file my taxes yet?
Filing your taxes is essential. Without it, your eligibility cannot be assessed, and your benefits could be delayed or interrupted.