As June 2025 approaches, some Canadian seniors are talking about a surprising one-off payment of $2,455 arriving via their Old Age Security (OAS) account. While it may sound like a new benefit, in reality this larger payment is typically a combination of back-dated OAS and Guaranteed Income Supplement (GIS) payments processed all at once. Understanding why and how this happens can save you from worries and help you claim everything entitled to you—so let’s dive into the details.
For anyone curious, here’s more about the OAS deposit payment worth around $2,455. It’s not part of a monthly plan but stems from delayed retroactive payments. Seniors in Canada who either applied late, experienced processing delays, or qualified for GIS without getting payments on time may receive this lump sum. Knowing the reason behind it, the eligibility rules, and the June payment schedule makes the process smoother and less stressful.
OAS deposit payment: What You Should Know
The OAS deposit payment of $2,455 is a one-time lump sum that can arrive in June, reflecting retroactive payments for Old Age Security and/or GIS. This usually happens when eligible seniors delay applying, or when the government catches up on missed months. Being aware of how this works, and the requirements behind it, ensures you receive the full amount you’re owed.
Overview Table: OAS Deposit Payment – Key Facts
| Feature | Details |
| Program Name | Old Age Security (OAS) + Guaranteed Income Supplement (GIS) |
| Deposit Amount | Up to $2,455 |
| Retroactivity Limit | Up to 12 months back pay |
| Typical Monthly OAS | $727.67 (ages 65–74); $800.44 (75+) |
| June 2025 Payment Date | Thursday, June 27, 2025 |
| Deferral Bonus | Up to 36% extra if retire at age 70 |
| Reason for Large Deposit | Retroactive benefits or delayed GIS |
What Is Old Age Security (OAS)?
Old Age Security is a government-funded monthly pension for Canadians aged 65 and older, regardless of work history. It’s non-contributory, meaning you don’t need to have paid into the program.
- From age 65 to 74, eligible recipients can get up to $727.67 per month, and from 75+, up to $800.44, with quarterly cost-of-living adjustments.
Who Might Receive the $2,455 OAS Deposit Payment?
A single monthly OAS payment is much lower than $2,455, so when that sum pops up, it usually includes:
- Retroactive OAS Payments
- If you delayed applying or the system delayed processing your case, you could get up to 12 months’ worth of payments at once. For example:
$727.67 × 3 = $2,183.01, plus another month brings you into the $2,455+ range.
- If you delayed applying or the system delayed processing your case, you could get up to 12 months’ worth of payments at once. For example:
- GIS Lump Sum
- If you qualify for the Guaranteed Income Supplement (for low-income seniors) but didn’t receive it for several months, you could receive a combined OAS + GIS payment that totals roughly $2,455.
When Is the June 2025 OAS Deposit Payment?
In June 2025, the anticipated payment date for OAS is Thursday, June 27, 2025. Normally payments go out on the last Wednesday of each month, but the date may shift if it conflicts with weekends or holidays.
Who Qualifies for OAS and GIS?
To receive OAS:
- You must be 65 years old or older
- A Canadian citizen or legal resident
- Have lived in Canada for at least 10 years after age 18
For full OAS, you need 40 years of residency; partial benefits are possible with fewer years.
GIS is assessed for low-income seniors who already receive OAS, and it does not require additional payment. Delays in processing retroactive GIS can trigger lump-sum deposits.
How to Apply for OAS
- Check eligibility criteria (age, citizenship, residency)
- Gather necessary documents like ID, SIN, proof of residence
- Apply online using your My Service Canada account—or mail the form if needed
- Set up direct deposit to receive faster payments
- Track your status through your online account
Deferring OAS for a Higher Monthly Payment
If you’re comfortable delaying benefits past age 65, deferring your OAS increases your monthly payment by 0.6% per month, up to age 70. That means:
- Delay 12 months → +7.2%
- Delay 60 months → +36%
For many, that larger monthly amount outweighs the delayed start.
Avoid Common Mistakes
- Assuming enrollment is automatic – you must apply for OAS/GIS
- Ignoring GIS eligibility – many low-income seniors miss out
- Incomplete residency history – could delay your payments
- Not setting up direct deposit – mail cheques can arrive late
Extra Tips for Seniors
- Explore other CRA benefits such as age tax credits
- Use My Service Canada Account to keep your info current
- Investigate provincial programs for seniors (e.g., rent assistance, energy subsidies)
Final Thought
If a $2,455 OAS deposit payment appears in your account this June, don’t be alarmed— it likely combines several months of missed OAS and/or GIS payments. Applying early and tracking your status in My Service Canada helps ensure you receive these funds promptly. And remember, delaying your OAS past age 65 could earn you a significantly higher monthly payout.
FAQs
Q1: Why might I receive a $2,455 OAS deposit payment?
This one-off sum usually combines retroactive OAS and/or GIS payments due to delayed application or processing.
Q2: When will the June OAS payment arrive?
The next payment, including lump sums, is scheduled for June 27, 2025.
Q3: Is OAS automatic once I turn 65?
No—you must apply or risk missing months of payments.
Q4: How can I make my OAS payments higher?
By defering your OAS up to age 70, you can boost your monthly payout by up to 36%.
Q5: Do I need to apply separately for GIS?
No—eligibility for GIS is assessed automatically when you apply for OAS.
