In recent weeks, a rumor has been circulating online claiming that the Canada Revenue Agency (CRA) will issue a one-time $720 bonus on top of regular Canada Pension Plan (CPP) and Old Age Security (OAS) benefits in 2025.
While the idea has sparked interest, there is no evidence or official announcement from the Government of Canada confirming such a bonus.
Understanding the $720 CPP/OAS Payment Rumor
Rumors suggest that seniors will receive an extra $720 payment for both CPP and OAS in 2025. However, no official sources, including CRA or Service Canada, have released any confirmation of such a bonus.
The only adjustments in CPP and OAS are tied to regular cost‑of‑living increases, not one‑time lump sums.
2025 CPP & OAS Rates and Payment Dates
Below is accurate information for 2025 regarding Canada Pension Plan and OAS benefits, without the $720 bonus:
| Benefit | Details |
|---|---|
| CPP Maximum (Age 65) | Approximately $1,364.60/month, based on full contributions over ≈39 years |
| OAS Maximum | $727–$734/month for ages 65–74 (approx $728) <br>For age 75+, up to $800–$808/month |
| COLA Increases | OAS benefits increased by 1.0% for July–September 2025, totaling 2.3% over the year |
| CPP COLA | Canada Pension Plan receives regular inflation-based increases (e.g., 2.6% in 2025) |
| 2025 Payment Dates (Canada Pension Plan, OAS, GIS) | Payments made at month-end; generally: Jan 29 • Feb 26 • Mar 27 • Apr 28 • May 28 • Jun 26 • Jul 29 • Aug 27 • Sept 25 • Oct 29 • Nov 26 • Dec 22 |
| Combined Maximum | Seniors eligible for Canada Pension Plan, OAS, and GIS could receive up to $3,178/month in 2025 |
Eligibility for Regular CPP and OAS
To receive standard Canada Pension Plan and OAS benefits, seniors must meet the following criteria:
- CPP: Must be at least age 60 and have made valid contributions during working years.
- OAS: Must be age 65 or older, a Canadian citizen or legal resident, and have lived in Canada for at least 10 years after age 18 (or 20 years if living outside Canada)
- If a bonus like the rumored $720 were ever introduced, it would likely follow these same eligibility rules.
How to Stay Updated and Avoid Scams
- Monitor official sources such as Service Canada and the Government of Canada website.
- Set up email alerts via your My Service Canada Account.
- Avoid clicking links from unsolicited emails or unverified websites—scammers often leverage fake benefit news to trick users.
- If a new payment or bonus is officially announced, it will be clearly detailed on government platforms.
While the notion of an extra $720 payment to Canada Pension Plan and OAS recipients in 2025 is appealing, it remains unsupported by any official announcement.
Seniors should instead rely on confirmed information: Canada Pension Plan and OAS rates are going up through routine cost-of-living adjustments, and payments are on a predictable monthly schedule.
By following trusted government sources and avoiding dubious claims online, seniors can make informed financial plans rooted in actual, verified benefits.
FAQs
Is there really a $720 one-time bonus for CPP and OAS in 2025?
No—there is no confirmation from the Government of Canada about any $720 bonus for Canada Pension Plan or OAS recipients in 2025. All adjustments are handled through regular inflation-based cost-of-living increases.
What are the actual CPP and OAS amounts in 2025?
For 2025, the maximum Canada Pension Plan payment is about $1,364.60/month. The OAS maximum is around $728/month for ages 65–74 and up to $800+/month for ages 75 and above.
What are the CPP and OAS payment dates in 2025?
Payments are issued in the last week of each month—e.g., January 29, February 26, March 27, etc., with December scheduled for December 22.