How to apply for 2025 benefit cheques in Canada and Ontario [Video]

With the holiday season winding down and the New Year just days away, many Canadians may be seeking financial relief to begin 2025 on the right foot. If you’re in need of extra support, here’s a look at the benefit payments set to roll out in 2025 and how to apply.

Canadian Pension Plan and Old Age Security

The Canadian retirement benefits system includes the Old Age Security pension, guaranteed income supplement, allowance, and allowance for the survivor, along with the Canadian Pension Plan.

• CPP: Residents over 65 are eligible for a maximum monthly payment of $1,306.57.
• OAS Pension: Individuals aged 65 to 74 with an annual income below $148,451 can receive up to $707.68 per month. Those 75 and over with an income below $154,196 may receive up to $880.44 monthly.

Eligible individuals should note that the OAS pension is reviewed quarterly—in January, April, July, and October—to reflect increases in the cost of living based on the …