Canadian seniors heavily rely on the Old Age Security (OAS) pension to support their retirement. As the cost of living continues to rise, many retirees are noticing changes in their monthly OAS deposits—especially this July 2025, when the figure of $969 has sparked curiosity and confusion across the country.
So, what does this $969 really represent? Is it a new standard rate or a limited-time bonus?
This article explores the real reason behind the $969 OAS payment, how it’s calculated, who qualifies, and what to expect from Service Canada in July 2025.
Understanding the $969 OAS Pension in July 2025
The figure of $969 per month is not a flat-rate OAS benefit issued to all seniors. Instead, it’s a combined outcome of two specific factors:
- A 1% inflation-based adjustment to the standard OAS amount starting in July 2025.
- A deferral bonus awarded to seniors who chose to delay their OAS claim beyond age 65—up to age 70.
The Government of Canada allows OAS recipients to defer their pension to increase monthly payments. For every month you delay past age 65, your OAS increases by 0.6%, up to a maximum of 36% at age 70.
How the $969 Figure Is Reached
To better understand how some seniors receive $969 or more per month, here is a breakdown of the OAS components and calculations:
| Category | Amount/Details |
|---|---|
| Base OAS (Age 65–74) | $734.94/month |
| Base OAS (Age 75+) | $808.44/month |
| Inflation Adjustment (July) | 1% increase |
| Deferral Bonus (Max) | 36% if deferred until age 70 |
| Example Payment at Age 70 | $999.52/month |
| Example Payment at Age 69 | $946.61/month |
| Payment Date (July 2025) | July 29, 2025 |
| Who Gets $969+? | Eligible seniors who deferred OAS |
So, $969 is not a new base rate, but rather a reflection of strategic deferral combined with inflation protection.
Sample Calculation: How It Adds Up
Let’s look at an example of how the $969—or even more—could appear in your July 2025 deposit:
- June 2025 Base OAS: $727.67
- After 1% Inflation Adjustment: $734.94
- Deferral Bonus (36%): $734.94 × 36% = $264.58
- Total Monthly OAS: $734.94 + $264.58 = $999.52
For seniors who deferred until age 69, the amount would be slightly lower at $946.61, still close to the trending $969 figure.
Who Qualifies for the $969 OAS Pension?
To receive the higher OAS payment in July, seniors must meet both basic and enhanced eligibility criteria.
Basic OAS Requirements:
- Must be 65 years or older
- Must be a Canadian resident
- Must have lived in Canada for at least 10 years after turning 18
- Must meet income thresholds set by CRA
Additional Requirements for $969+:
- Must have deferred OAS to age 69 or 70
- Must qualify for the maximum deferral bonus (36%)
- Must be eligible for the maximum base OAS amount
July 2025 OAS Payment Date
The next OAS payment is scheduled for July 29, 2025. This will include the 1% inflation adjustment for eligible seniors and the deferral bonus for those who qualify.
All payments are processed automatically by Service Canada to those enrolled in OAS, provided your information and banking details are up to date.
Important Takeaways for Retirees
- The $969 figure is not a universal OAS rate. It only applies to those who delayed their pension claim and are now reaping the benefits.
- Deferral increases your monthly OAS—by 0.6% per month, up to 36% total.
- The 1% inflation increase effective July 2025 also helps boost OAS payments.
- To receive this higher payment, ensure you’ve chosen to defer OAS and meet all eligibility requirements.
- The official payment date is July 29, 2025.
Why Strategic Deferral Matters
Many Canadians aren’t aware that delaying their OAS claim could significantly enhance their retirement income. For example:
- A senior who starts OAS at age 65 receives around $734.94/month.
- By deferring until age 70, that same senior could receive up to $999.52/month.
- Over time, the compounded increase provides substantial financial security.
If you’re planning for retirement, it’s worth considering whether deferring OAS fits your financial strategy.
Frequently Asked Questions (FAQs)
Q1. Is every senior getting $969 OAS in July 2025?
No. Only those who deferred OAS to age 69 or 70 and are eligible for the maximum base rate plus deferral bonus may receive $969 or more. Most seniors receiving standard OAS at 65 will not receive this amount.
Q2. Can I still defer my OAS to increase my payment?
Yes. You can defer OAS up to age 70, gaining 0.6% per month in additional pension income. This results in a maximum 36% bonus over the base amount.
Q3. When will the next OAS payment be made?
The next OAS deposit will be made on July 29, 2025. This includes any applicable inflation adjustments and deferral bonuses.
