Ask a Planner

By Jason Heath, CFP on June 9, 2025
Estimated reading time: 4 minutes

By Jason Heath, CFP on June 9, 2025
Estimated reading time: 4 minutes

Luis asks when his Old Age Security payments will increase now that he is 75. We look at adjustment dates for the CPP and OAS pensions in Canada.

When do I receive the 10% increase? I turned 75 years old on May 15th, and my pension remained the same value on May 28th.

–Luis

Happy 75th birthday, Luis. I will explain why your Old Age Security (OAS) pension did not increase despite your birthday and what you can expect to happen next.

In July 2022, there was a change made to OAS so that pensioners 75 and older receive a 10% increase in their pension payments.

The reason your pension did not change, Luis, is because the first increased payment occurs the month after you turn 75. So, you can expect to see an increase in your June payment.

The increase is automatic, so you do not need to worry about applying. It is not a one-time increase, either. It is a permanent 10% increase in your payments.

The maximum monthly OAS payment for the second quarter of 2025 for Canadians aged 75 and older is $800.44 for those who began their pension at age 65. To receive the maximum, your net world income for the 2023 tax year must have been less than $148,179.

When you first apply to begin your OAS or your Canada Pension Plan (CPP) payments, Service Canada provides guidelines for processing the application.

If you apply online, it generally takes less than two weeks. You can apply by registering for or signing into your My Service Canada Account.

If you mail in a paper OAS application or a

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