$1,000 + $946 Extra OAS Payment in February 2025 – Eligibility & Amount Breakdown

It is being discussed in Canada that the CRA will soon provide an amount of $1000 and $946 to senior citizens. This $1000 amount will be for those senior citizens who claim Old Age Security (OAS), while $946 will be an additional payment, which can be considered as GIS (Guaranteed Income Supplement). This means that senior citizens can receive a total of $1946 or more every month.

Old Age Security (OAS) is a government pension scheme in which monthly payments are made to senior citizens. It is a taxable payment and is funded from the general tax revenue of the government. This means that no special contribution is required to receive it.

On the other hand, GIS (Guaranteed Income Supplement) is provided to those senior citizens who have low annual income. GIS is a non-taxable benefit and is paid to seniors who are already receiving OAS. OAS recipients are given the option to delay their pension, which allows them to receive higher payments.

If a citizen starts taking OAS at age 70 instead of age 65, they receive a higher amount. Currently, the OAS payment is $727.67 per month, but if it is deferred until age 70, the amount goes up to $989.63, which is equivalent to about $1000

$1364 Pension Payments in February 2025 – Full Details on Eligibility & Schedule

The GIS payment currently stands at a maximum of $1086.88 per month. So, a person who also receives GIS along with OAS can get an average GIS payment of $946. However, it is important to note that the CRA does not offer these two payments jointly, but rather they are offered separately as OAS and GIS.

CRA Old Age Security Benefits 2025- Overview

Post Title
Year	2025
Month	February
Country Name	Canada
Program Name	Old Age Security
Issuing Agency	CRA
Canada Old Age Security Eligibility 2025	Old Age Seniors of age 65 Years
Purpose	Financial Aid
CRA Old Age Security Payment Schedule 2025	Refer this Guide
Payment Frequency	Monthly
Post Category	Finance
Official Web Page	www.canada.ca

Canada Old Age Security Eligibility 2025

OAS Eligibility Conditions:

Individuals aged 65 years or older can receive OAS.
The applicant must be a legal resident of Canada.
OAS payments can be deferred up to age 70, leading to higher pension benefits.
If a person has been a resident of Canada for 10 consecutive years from the age of 18, he or she will be eligible for this pension.

Age	Annual Income In 2024
65 Years – 74 Years	$1,48,451
75 Years or Over	$1,54,196

GIS Eligibility Conditions:

Seniors aged 65 years or older can apply for GIS.
The applicant must be a Canadian citizen or legal resident.
GIS is only offered to those who are already receiving OAS.

Marital Status	Annual Income In 2024
Single	$22,056
Widowed	$22,056
Divorced	$22,056
Married (Partner claim for Full OAS Pension)	$29,136
Married (Partner claim for Allowance)	$40,800
Married (Partner does not claim for Allowance or Full OAS)	$52,848

CRA Old Age Security Payment Schedule 2025

These $1000 and $946 pension payments are expected to be paid in February 2025. Both OAS and GIS payments are distributed on the same date, whether it is directly deposited into a bank account or sent via check. For February 2025, this payment will be made on February 26.

Month – Year	Deposit Dates
February – 2025	26th

Fact Check $1000 + $946 Extra Benefit 2025

This is the estimated $1000 and $946 OAS pension benefit one may be eligible for. Those OAS beneficiaries who have deferred their pension until age 70 may receive a payment of $989.63 per month (approximately $1000). In addition, they may also be eligible for GIS, which maxes out at $1086.88 per month, leading to an average $946 GIS payment.

However, the CRA has not officially confirmed such a combined benefit. The CRA always makes payments to OAS and GIS separately. For the correct information, seniors can learn more by visiting My Service Canada Account or the CRA’s official website.