Canadian seniors who depend on government benefits for financial stability have good news—CPP (Canada Pension Plan) and OAS (Old Age Security) payments are being rolled out with combined amounts reaching up to $1364 per month. These programs are designed to help retirees, low-income seniors, and those who contributed to the CPP during their working years maintain steady income in retirement.
In this guide, we’ll cover everything you need to know about CPP and OAS payments, eligibility rules, payment dates, and how much seniors can expect to receive.
Table of Contents
What is CPP and OAS?
- Canada Pension Plan (CPP):
A retirement pension for Canadians who contributed through payroll deductions during their working years. The amount you receive depends on your contributions and the age you start collecting. - Old Age Security (OAS):
A monthly benefit for Canadians aged 65 and above, funded through general tax revenues. Unlike CPP, you don’t need to contribute to qualify—residency in Canada is the key factor.
Together, these payments provide essential financial support to seniors across the country.
Eligibility Criteria
CPP Eligibility:
- Must have made contributions during working years.
- Can start collecting as early as age 60 (with reduced benefits).
- Maximum benefits received if you start at age 65 or later.
OAS Eligibility:
- Must be 65 years or older.
- At least 10 years of residency in Canada after age 18.
- For maximum benefit, 40 years of residency in Canada is required.
Overview Table
| Program | Age Requirement | Average Monthly Payment | Maximum Monthly Payment |
|---|---|---|---|
| CPP | 60+ (reduced), 65+ (full) | $758 | $1364 |
| OAS | 65+ | $707 | $713.34 |
| GIS | 65+, low-income | Varies | $1,097 |
| Combined CPP + OAS | 65+ | $1,465 avg. | $1364 |
| Payment Dates | Monthly | 12 per year | Fixed schedule |
Maximum Payment Amounts in 2025
The combined benefit amount can go up to $1364 monthly, depending on eligibility and contribution history.
| Benefit Type | Maximum Monthly Amount (2025) | Eligibility Requirement |
|---|---|---|
| CPP Pension | Around $1364 (varies by contributions) | Must have contributed during working years |
| OAS Pension | Up to $713.34 | Must be 65+ and meet residency requirements |
| GIS (Guaranteed Income Supplement) | Up to $1,097 (for low-income seniors) | Based on income level and OAS eligibility |
| Average CPP Paid | Around $758 | Actual varies per person |
| Average OAS Paid | Around $707 | Based on residency |
| Combined (CPP + OAS) | Up to $1364 | Eligible seniors receiving both |
CPP & OAS Payment Dates
The Government of Canada follows a fixed monthly schedule to deposit benefits directly into seniors’ bank accounts. Here are the upcoming payment dates for 2025:
- January 29, 2025
- February 26, 2025
- March 27, 2025
- April 28, 2025
- May 28, 2025
- June 25, 2025
- July 29, 2025
- August 27, 2025
- September 24, 2025
- October 29, 2025
- November 26, 2025
- December 22, 2025
How to Apply for CPP & OAS
- CPP: Application is required either online through My Service Canada Account or via paper form.
- OAS: In many cases, seniors are enrolled automatically. If not, an application must be submitted.
It is advisable to apply 6 months before you plan to start collecting benefits.
Conclusion
For seniors in Canada, CPP and OAS benefits remain a cornerstone of financial support. With combined monthly payments reaching $1364, these programs help ensure retirement security. Staying informed about eligibility rules and payment schedules can help seniors maximize their benefits and plan their finances better.
Frequently Asked Questions(FAQs)
Q1. What is the maximum CPP and OAS payment in 2025?
Answer= The combined maximum can reach up to $1364 per month, depending on contributions and residency.
Q2.When are CPP and OAS payments made in 2025?
Answer= Payments are made monthly, with fixed dates such as January 29, February 26, March 27, and so on.
Q3. Do seniors need to apply for OAS?
Answer= Most seniors are enrolled automatically, but if not, an application must be submitted.
