Yes, seniors in Canada are receiving higher Old Age Security (OAS) and Canada Pension Plan (CPP) payments in 2025 due to inflation-linked adjustments. As of early 2025, OAS payments increased by roughly 2% for seniors aged 65–74 and those over 75, with maximum monthly amounts around $740 and $814 respectively, aimed at keeping up with the cost of living.
Old Age Security Payment Updates
For December 2025, OAS payments reflect a 1.2% quarterly indexation increase tied to the Consumer Price Index. Maximum monthly amounts now stand at $740.82 for ages 65-74 and $814.90 for those 75 and older, up from previous quarters.
Who Will Receive the $1,100 Centrelink Bonus. The bonus will be automatically issued to eligible Australians receiving approved Centrelink payments. Those expected to qualify include: Age Pension recipients.
The dollar amount increase to checks will vary depending on a person's benefit amount, but the average Social Security Retirement benefit, $2,008.31 in July 2025, will grow by about $56.
Not only will the government be issuing a one-time cash payment of $500 to be paid in August 2021, this year's Federal Budget also includes the highest quarterly adjustment to existing OAS payments since July 2014.
Cost-of-Living Adjustment (COLA) Information for 2026
Social Security and Supplemental Security Income (SSI) benefits for 75 million Americans will increase 2.8 percent in 2026.
Today, Canada's Minister of Seniors, Deb Schulte, announced the highest quarterly adjustment to existing OAS payments since July 2014. She also confirmed that the Government of Canada will deliver the $500 one-time payment to older seniors, announced in Budget 2021, during the week of August 16, 2021.
The extra $144 added to Social Security usually comes from the Medicare Part B Giveback benefit, offered by some Medicare Advantage (Part C) plans, which pays back some or all your Part B premium, showing up as extra money in your check if it's deducted from your Social Security. To qualify, you need Original Medicare (Parts A & B), pay your own Part B premium, live in a plan's service area, and enroll in a specific Medicare Advantage plan that offers this "rebate," with the amount varying by plan and location.
If you receive the new State Pension, the full amount you'll receive for the 2025/26 tax year will be £230.25 a week (compared to £221.20 a week for the 2024/25 tax year). You can claim the new State Pension if you're: a man born on or after 6 April 1951. a woman born on or after 6 April 1953.
To be eligible for Age Pension you must be Age Pension age and meet some other rules. Age Pension age is 67 years or older. We use income and assets tests to work out how much Age Pension you get. There are several things to consider when you're preparing to claim Age Pension.
The Minister for Social Protection, Dara Calleary, has announced the details for the Christmas Bonus, which will be paid to approximately 1.5 million people this week including pensioners, carers and people with disabilities.
The $1,200 payment is a one-time direct deposit issued by the Canada Revenue Agency for seniors classified as low income based on their most recent tax return. The payment is not a loan, does not need to be repaid and does not replace existing monthly benefits.
The $2,200 payment is a one-time, tax-free financial benefit provided by the federal government through the CRA. Unlike monthly pension programs, this payment is not ongoing but instead offers immediate relief to help seniors weather current financial pressures.
Yes, Social Security recipients received a Cost-of-Living Adjustment (COLA) for 2025, but the bigger news is that they are getting a larger 2.8% COLA for 2026, announced in October 2025, which began with January 2026 payments, increasing average benefits by about $56 per month. The 2025 COLA was a smaller 2.5% increase, while the 2026 adjustment reflects moderating inflation, leading to higher payments starting in the new year.
Qualification for the $1,400 stimulus check (the third Economic Impact Payment) in 2021 depended on your 2021 Adjusted Gross Income (AGI) and filing status, with full amounts for single filers earning up to $75,000 (phasing out at $80,000) and joint filers up to $150,000 (phasing out at $160,000), plus $1,400 per dependent; you needed a valid Social Security Number and had to claim it as the Recovery Rebate Credit on your 2021 tax return if you missed the payment, with deadlines typically in April 2025.
I am receiving Social Security disability benefits. Will I get a stimulus check? Yes, you probably will if you earned less than $75,000 in either 2018 or 2019.
Nearly 71 million Social Security beneficiaries will see a 2.8 percent COLA beginning in January 2026. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2025. (Note: Some people receive both Social Security benefits and SSI).
If Social Security isn't enough, you should supplement your income through other savings (401k, IRAs, brokerage accounts), explore government aid like SSI, SNAP, and Medicaid, consider working part-time, use programs like NCOA's BenefitsCheckUp to find assistance, potentially delay claiming benefits for a higher monthly payout, or look into annuities for guaranteed income.
Canadian seniors are set to benefit from a landmark expansion of federal support programs in 2026, with eligible individuals potentially receiving up to $3,200 in combined Old Age Security (OAS) top-ups and related payments.