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That Canadian Prime Minister Justin Trudeau will likely bring another payment scheme for the elderly to be given around $1540 in February 2025. Following this news, many are trying to figure out who can claim this amount, how one can claim, and what’s the other most important information connected with it.
However, there is no official announcement regarding this additional payment yet. But, those who want to get the latest information about this scheme can visit the official website of Canada Revenue Agency (CRA) www.canada.ca.
Further in this article, we will share all the important information related to this payment, so read it completely and know what is the eligibility of $1540 additional payment and how it can be availed.
$1540 Extra Payment for Seniors In Feb 2025
The Canadian government runs many beneficial schemes to provide financial assistance to its citizens. The Old Age Security (OAS) program is one such scheme, under which senior citizens aged 65 years or above are given financial assistance to meet their living expenses.
The government has increased the maximum limit of OAS payment from $66,500 to $68,500 from January 1, 2025. Those who are already eligible for OAS benefits can get an additional $1540 payment along with their regular OAS payment.
$1540 Extra CPP & OAS Payment 2025
| Program | $1540 Extra CPP & OAS Payment 2025 |
| Country | Canada |
| Department | CRA |
| Year | 2025 |
| Month | February |
| Amount | $1540 |
| Benefit For | OAS Candidates |
| Category | Finance |
| Mode Of Payment | Direct Bank Transfers |
| Official Website | www.canada.ca |
$1540 Extra Payment Eligibility Criteria 2025
Senior citizens must meet certain eligibility criteria to avail the benefits of this scheme:
- Age: The person must be 65 years of age or above.
- Citizenship: The applicant must be a permanent citizen of Canada or must have been living in Canada for at least 10 years.
- Residence: At the time of applying, the applicant must be residing in Canada.
- If you meet these eligibility conditions, you can get the benefit of this scheme.
CRA Pension Payout Dates 2025
At present, no official date for this payment has been announced by Prime Minister Justin Trudeau. But, those who are already receiving OAS pension benefits can get this additional payment on their regular OAS payment dates. The CRA usually releases pension payments on the third or last day of every month. For information on the exact dates, you can visit the official website of the CRA.
| CRA Pension Payout Dates 2025 | Months |
| 29th | January |
| 26th | February |
| 27th | March |
| 28th | April |
| 28th | May |
| 26th | June |
| 29th | July |
| 27th | August |
| 25th | September |
| 29th | October |
| 26th | November |
| 22th | December |
Process To Claim $1540 Extra Payment for Seniors In Feb 2025
Seniors who are eligible for OAS will not need to apply separately for this additional payment. The government will decide this eligibility themselves based on your earlier OAS record, and people who are eligible will automatically get this amount. But to receive this payment on time, you need to do the following:
Confirm OAS membership: You need to check if you are eligible to get an OAS benefit by logging into My Service Canada Account. You can also contact a Service Canada office.
Update personal information: Make sure your address, bank details and residency status are correct and up to date. You can update this by visiting the Service Canada website or visiting a local office.
Make a financial plan: Ask financial advisors or local organizations about the best utilization of this additional payment.
Read More :- Canada Caregiver Credit 2025: Claim Your $2,616 – $8,375 Benefit & Payment Schedule
Fact Check
Like other countries, the Canadian government also runs some schemes for its citizens. It is running an Old Age Security scheme that supports the pension amount of seniors. So far, the government hasn’t announced any official statement on the $1540 additional payment, but still, it’s increasing the amount of OAS pension from time to time.
Those who want to take advantage of this payment have to fulfill all the eligibility criteria that include citizenship, residence, and age. For detailed information related to this scheme, you can visit the official website of the government www.canada.ca.
Conclusion:
An official confirmation is still pending, and seniors are most likely to get an extra amount of $1540 in February 2025. If one is already drawing OAS, then this will be paid too. For that, one will have to refer to the website of CRA regularly and update all personal information as well.
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