$1980 OAS Deposit in April: If you’re a senior living in Canada or someone planning your retirement, you may have come across the buzz surrounding a $1,980 OAS deposit in April 2025. But what’s the truth behind this figure? Is it part of the standard Old Age Security (OAS) payment or something extra? This article breaks it all down so you can understand what benefits are available to you, whether you qualify, and how to ensure you receive the maximum amount possible.
The Old Age Security (OAS) program is a key pillar of Canada’s public retirement income system. It’s a monthly benefit paid to eligible seniors 65 years and older, based primarily on residency rather than work history. However, when combined with the Guaranteed Income Supplement (GIS) and various provincial top-ups, some recipients may indeed receive payments approaching or even exceeding $1,980 in a single month. In this comprehensive guide, we’ll explore how the system works, what’s behind the larger payout, and how you can take action today to secure your benefits.
$1980 OAS Deposit in April
| Feature | Details |
|---|---|
| April 2025 OAS Payment Date | April 28, 2025 |
| Maximum OAS Monthly Amount | $727.67 (ages 65–74), $800.44 (75+) |
| Maximum GIS Amount (Single) | $1,086.88 per month |
| Total Monthly Support Possible | Up to ~$1,980/month (OAS + GIS + supplements) |
| Eligibility Age | 65+ for OAS |
| Official Source | Government of Canada |
The $1,980 OAS deposit in April 2025 is not a universal amount but a realistic possibility for those who qualify for the maximum OAS, GIS, and provincial supplements. Understanding what you’re entitled to, how to apply, and when payments are issued is essential to maximizing your retirement income and financial well-being.
Take time to verify your eligibility through the Government of Canada OAS portal, apply early, and review your full benefit options. Whether you’re currently receiving OAS or planning ahead, a little preparation today can bring significant peace of mind tomorrow.
What Is OAS and Why Does It Matter?
Old Age Security (OAS) is a government-funded pension program that provides monthly income to eligible Canadian seniors. Unlike the Canada Pension Plan (CPP), which is funded through payroll contributions, OAS is funded from general tax revenues. That means even if you never worked a formal job or contributed to CPP, you might still qualify for OAS based on your residency status.
OAS is especially important because it provides a consistent and predictable source of income for older Canadians, helping to cover essential living expenses such as food, rent, medication, and transportation. For many seniors, this program is a vital source of financial independence. According to data from Employment and Social Development Canada, over 7 million Canadians currently receive OAS payments.
Understanding the $1980 OAS Deposit: What’s Included?
While the basic OAS payment on its own will not reach $1,980 per month, this amount becomes achievable when you factor in additional benefits, such as:
- The Guaranteed Income Supplement (GIS) for low-income seniors
- Provincial and territorial supplements like Ontario GAINS or BC SAFER
- The Allowance or Allowance for the Survivor, available to some recipients aged 60–64
Example Breakdown of Maximum Monthly Benefits (2025):
| Benefit | Amount (Monthly) |
|---|---|
| OAS (Age 65–74) | $727.67 |
| GIS (Single, low-income) | $1,086.88 |
| Provincial supplements | Varies (e.g., $100+ in some provinces) |
| Total Possible | ~$1,980 or more |
This means the $1,980 figure floating around isn’t fictional. It’s a realistic maximum for someone receiving full OAS, GIS, and a provincial top-up.
Who Qualifies for OAS and GIS?
OAS Eligibility Criteria
To receive OAS, you must:
- Be 65 years of age or older
- Be a Canadian citizen or legal resident
- Have lived in Canada for at least 10 years after turning 18
To receive the full OAS benefit, you need to have lived in Canada for 40 years or more after age 18. If you’ve lived in Canada less than that, you may still qualify for a partial pension. You may also be eligible if Canada has a social security agreement with your home country.
GIS Eligibility Requirements
You must:
- Already be receiving the OAS pension
- Have annual income below the federal threshold (e.g., less than $22,056 if single)
- Have combined income under $29,568 if married and your spouse does not receive OAS
GIS is non-taxable and automatically reviewed every year based on your income tax return.
Provincial and Territorial Supplements
Certain provinces and territories provide additional financial support to seniors who qualify for OAS and GIS. These programs include:
- Ontario GAINS
- British Columbia SAFER (Shelter Aid for Elderly Renters)
- Quebec Income Supplements
These supplements vary in amount but can significantly increase your monthly benefit total.
When Are OAS and GIS Payments Made?
OAS and GIS are paid on a monthly basis, usually toward the end of each month. The April 2025 payment date is Monday, April 28. Payments are typically made through direct deposit. If you’re receiving a cheque, it may arrive a few days later.
Full OAS/GIS Payment Schedule for 2025:
- January 29
- February 27
- March 26
- April 28
- May 29
- June 26
- July 29
- August 28
- September 25
- October 29
- November 27
- December 20
To ensure timely receipt of your payments, make sure your banking information is up to date via your My Service Canada Account.
$1,980 OAS Deposit in April Apply for OAS and GIS Benefits
Applying is simple, but it’s crucial to follow the steps correctly to avoid delays.
$1,980 OAS Deposit in April Application Guide:
- Determine Your Eligibility: Check the OAS eligibility page to confirm you meet the requirements.
- Register for My Service Canada Account: This portal allows you to manage your application, update information, and track your benefit payments.
- Submit Your Application: You can apply,
- Online through MSCA
- By mail with paper forms
- In person at a Service Canada Centre (appointments recommended)
- Await Confirmation: Processing times can vary. You’ll receive a letter from Service Canada with your approval details and benefit start date.
Tips to Maximize Your Retirement Income
Here are practical ways to ensure you get the most out of OAS and related benefits:
- Apply early – Apply 6–11 months before your 65th birthday
- Set up direct deposit – Speeds up payments and prevents delays
- File taxes on time – Your GIS is calculated from your tax return
- Report changes promptly – Life events like marriage or a move can impact your eligibility
- Check for other programs – Explore CPP, RRIFs, provincial tax credits, and housing benefits
- Defer OAS if possible – You can delay OAS up to 5 years to increase your payment by 0.6% per month delayed
FAQs On $1980 OAS Deposit in April
Can I receive OAS if I live outside Canada?
Yes, but only if you lived in Canada for at least 20 years after age 18 or your country has a social security agreement with Canada.
Is OAS income taxable?
Yes, OAS is subject to income tax. If your net annual income is above $86,912, you may need to repay part or all of your OAS through a recovery tax (clawback).
Can I receive both GIS and CPP?
Yes. GIS eligibility is based on income, not other pensions. Many recipients receive both GIS and CPP.
Will my OAS payment increase automatically at age 75?
Yes. If you’re receiving OAS, you will automatically receive a 10% increase in your monthly payment once you turn 75 years old.
Is the $1,980 payment guaranteed every month?
No. The $1,980 figure represents a maximum combined amount including GIS and provincial supplements. Most people will receive less based on their specific situation.
