$1,860 OAS Payment In August 2025 – See Who Qualifies And When You’ll Get Paid

Rumors of a $1,860 Old Age Security (OAS) payment hitting Canadian seniors’ bank accounts in August 2025 have sparked excitement — and confusion. While it’s true that OAS payments are increasing this year, the widely shared $1,860 figure doesn’t reflect a single OAS deposit.

Instead, it appears to combine multiple retirement benefits, such as OAS, the Canada Pension Plan (CPP), and the Guaranteed Income Supplement (GIS).

That said, August still brings good news for retirees. The OAS monthly maximum has been adjusted upward due to inflation, ensuring seniors get a modest but important boost to help with rising living costs.

In this article, we’ll break down what OAS actually pays in August 2025, who qualifies for the maximum amount, how the $1,860 figure likely came about, and when your payment will arrive.

Understanding Old Age Security (OAS)

The Old Age Security program is Canada’s cornerstone public pension for people aged 65 and older. It is funded from general tax revenues and does not require you to have worked or contributed during your career. Instead, eligibility is based on your age, years lived in Canada after age 18, and income level.

Unlike the Canada Pension Plan, which is contribution-based, OAS offers a flat-rate monthly payment that can be increased for lower-income seniors through the Guaranteed Income Supplement (GIS). Payments are made monthly, not as a one-off lump sum.

OAS Payment Rates for August 2025

As of August 2025, OAS rates have been increased in line with the Consumer Price Index (CPI). Seniors now receive:

Age Group	Maximum Monthly OAS
65–74	$734.95
75+	$808.45 (includes a permanent 10% boost)

This adjustment represents a 1% quarterly increase and a 2.3% rise year-over-year.

Where the $1,860 Figure Came From

The $1,860 number circulating online is not an official OAS amount. Instead, it is likely the total monthly income for some seniors who receive:

Benefit Type	Example Monthly Amount
OAS (75+)	$808.45
CPP	~$900 (varies by contributions)
GIS	~$150 (for low-income seniors)

When combined, these benefits can total approximately $1,860 — but this is not a single OAS payment.

Eligibility for Maximum OAS

To receive the full OAS amount, you generally must:

• Be 65 years or older
• Have lived in Canada for at least 40 years after age 18
• Be a Canadian citizen or legal resident at the time of approval

If you have lived in Canada for fewer than 40 years, you may qualify for a partial pension, calculated at 1/40th of the full rate for each year of residence.

You can also defer starting OAS up to age 70, which increases your payment by 0.6% per month of delay.

Income Recovery Tax (Clawback)

If your annual income exceeds certain thresholds, your OAS will be reduced:

• Ages 65–74: reduction starts at $90,997 (2025 threshold)
• Ages 75+: reduction starts at $95,000+ (2025 threshold)

The OAS recovery tax reduces benefits proportionally until they are eliminated for very high-income earners.

August 2025 OAS Payment Date

OAS payments are typically issued on the last weekday of each month. For August 2025, the payment date is:

• Thursday, August 28, 2025

Payments are deposited directly into your bank account if you have set up direct deposit, or sent via mailed cheque if you have not.

Tips to Maximize OAS Benefits

1. Delay your OAS until after age 65 (up to 70) to get higher monthly payments.
2. Avoid crossing the income threshold to prevent clawbacks.
3. Combine OAS with GIS if your income is low — this can significantly boost your monthly income.
4. Keep your residency status updated to ensure you remain eligible.

While there is no single $1,860 OAS payment arriving in August 2025, the month still brings an inflation-adjusted boost to OAS recipients — $734.95 for ages 65–74 and $808.45 for 75+. For those who also receive CPP and GIS, combined monthly benefits can approach or exceed $1,860.

Understanding the facts, knowing your eligibility, and keeping track of payment dates ensures you get the most out of Canada’s OAS program and can plan your retirement finances with confidence.

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