$2,350 OAS Payment on Feb 26, 2025 | Check Eligibility Now

In 2025, Canadian seniors will receive a financial boost through the Old Age Security (OAS) program. A maximum payment of $2,350 is set to be deposited on February 26, 2025. This amount includes the basic OAS pension and additional support like the Guaranteed Income Supplement (GIS) for low-income seniors. Below are in-depth details on the $2,350 OAS Direct Deposit, how it is calculated for Canadians, and its eligibility criteria.

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$2,350 OAS Payment Details for February 2025

Below is all the key information about the $2,350 OAS payment on February 26, 2025.

Payment Details	Key Information
Program Name	Old Age Security (OAS)
Payment Date	February 26, 2025
Maximum OAS Payment	$727.67 (65–74), $800.44 (75+)
Maximum GIS Payment	$1,086.88 (single), $654.23 (couples with OAS), $1,086.88 (spouse without OAS)
Maximum Combined Payment	$1,887.32/month (OAS + GIS for single senior 75+)
Quarterly Total	$5,662 (January–March 2025, max combined benefits)
Taxable Status	OAS taxable, GIS non-taxable
Inflation Adjustment	Quarterly, based on CPI
Eligibility	Aged 65+, lived in Canada 10+ years, income thresholds for GIS
Payment Method	Direct deposit or cheque

This table shows the OAS support for Canadian seniors in February 2025. Seniors should check if they qualify and make sure their banking details are up to date with Service Canada to avoid delays.

Also Read Related Article OAS Increase in 2025 | Are You Eligible for the Increased Amount?

What Is the $2,350 OAS Direct Deposit?

The $2,350 direct deposit is the total amount that some eligible seniors can receive through their Old Age Security (OAS) and Guaranteed Income Supplement (GIS) benefits on February 26, 2025. This include

Base OAS Pension: Up to $800.44 per month.
Guaranteed Income Supplement (GIS): Up to $1,086.88 per month for low-income seniors.
Additional Supplements: Extra allowances for spouses or survivors.

The exact amount of OAS direct deposit you receive depends on your income, marital status, and whether you qualify for GIS or other supplements.

Also Read Related Article 5 CRA Payments Coming in February 2025 | Don’t Miss a Dollar!

Pension Benefits infographic showing three sections: Base OAS Pension (monthly pension), Guaranteed Income Supplement (low-income support), and Additional Supplements (spousal/survivor allowances).

How is the $2,350 OAS Payment Calculated?

The $2,350 payment is calculated based on the following key factors.

Base OAS Pension: The monthly amount depends on your age and how many years you’ve lived in Canada after turning 18.
Guaranteed Income Supplement (GIS): Extra money for low-income seniors, which changes based on your income and marital status.
Cost of Living Adjustments (COLA): Payments are updated every three months to keep up with inflation using the Consumer Price Index (CPI).

Formula for Calculating the $2,350 Payment

The $2,350 payment is calculated using the following formula:

Total Payment = OAS + GIS + COLA

This formula calculates the total $2,350 payment for eligible seniors based on their Old Age Security (OAS) pension, additional GIS support for low-income seniors, and adjustments for inflation (COLA).

Who Is Eligible for the $2,350 OAS Payment?

To qualify for the $2,350 Old Age Security (OAS) payment in February 2025, seniors must meet these criteria:

Age Requirement: Seniors must be 65 or older. Those aged 75+ receive a 10% increase on the base OAS.
Residency: Must have lived in Canada for at least 10 years after age 18 for partial OAS or 40 years for full OAS.
Income Thresholds: Low-income seniors qualify for the GIS, which can increase the total to $2,350. High-income earners with an annual income over $90,997 face clawbacks on their OAS payment.

Note: To be eligible for the $2,350 OAS payment, you must meet these criteria; otherwise, you will not qualify for the full amount.

Conclusion

The $2,350 OAS payment on February 26, 2025, helps Canadian seniors with their living costs. It includes the OAS pension, Guaranteed Income Supplement (GIS), and extra allowances. To get the payment on time, make sure your details with Service Canada are up to date. If you need help or have questions about your $2,350 OAS payment, you can contact Service Canada. They can help you update your information, check if you’re eligible, or fix any payment issues. You can reach them online through your My Service Canada Account .