CPP & OAS Payment Date of 2025 : How much will CPP and OAS increase in 2025 in Canada?
As we approach 2025, many Canadians are eager to learn about the upcoming changes to their pension benefits, particularly the Canada Pension Plan (CPP) and Old Age Security (OAS). These two critical sources of income provide financial support to seniors, and understanding their payment dates and increases can help retirees better plan their finances for the year ahead. In this blog, we’ll break down the payment schedules for both CPP and OAS in 2025 and explore how much these benefits will increase based on information from official Canadian government sources.
Canada Pension Plan (CPP) Payments in 2025
The Canada Pension Plan is a federal program that provides monthly payments to retirees, individuals with disabilities, and surviving family members of deceased contributors. CPP payments are designed to help Canadians maintain their standard of living in retirement.
Payment Dates for CPP in 2025:
- January 2025: January 29, 2025
- February 2025: February 26, 2025
- March 2025: March 28, 2025
- April 2025: April 29, 2025
- May 2025: May 29, 2025
- June 2025: June 27, 2025
- July 2025: July 29, 2025
- August 2025: August 28, 2025
- September 2025: September 29, 2025
- October 2025: October 29, 2025
- November 2025: November 28, 2025
- December 2025: December 29, 2025
As of 2025, if you’re receiving CPP benefits, your payment will typically arrive on the last business day of each month. It’s important to note that these dates may slightly vary depending on weekends and holidays.
How Much Will CPP Increase in 2025?
For 2025, Canadians can expect an increase in their monthly CPP payments due to inflation adjustments. Each year, CPP benefits are adjusted for inflation based on the Consumer Price Index (CPI). According to the official Government of Canada website, CPP payments are set to increase by 2.6% in 2025.
This adjustment reflects the rising cost of living, meaning that if you are already receiving CPP benefits, your monthly payments will see a slight boost to help offset inflation. The increase applies to both the standard monthly pension and survivor benefits.
For example, if you’re receiving the average monthly CPP amount of approximately $1,100 (as of 2024), the increase of 2.6% will result in an additional $28.60 per month in 2025.
Old Age Security (OAS) Payments in 2025
OAS is another key program for Canadian seniors. Unlike CPP, which is based on your work history and contributions, OAS payments are available to all Canadian seniors aged 65 and older, provided they meet the residency requirements.
Payment Dates for OAS in 2025:
- January 2025: January 29, 2025
- February 2025: February 26, 2025
- March 2025: March 28, 2025
- April 2025: April 29, 2025
- May 2025: May 29, 2025
- June 2025: June 27, 2025
- July 2025: July 29, 2025
- August 2025: August 28, 2025
- September 2025: September 29, 2025
- October 2025: October 29, 2025
- November 2025: November 28, 2025
- December 2025: December 29, 2025
OAS payments are typically issued once a month, usually at the end of the month, and like CPP, they are subject to changes depending on weekends and holidays.
How Much Will OAS Increase in 2025?
OAS payments are also adjusted annually to keep up with inflation. In 2025, OAS recipients can expect an increase of 2.6% as well. This increase aligns with the adjustment made to the CPP and reflects the rising cost of living, particularly for seniors who may be relying on OAS as their primary source of income.
As an example, if you’re currently receiving the maximum OAS amount of about $1,000 per month (for individuals with 40 years of Canadian residence), your payments will increase by approximately $26.00 per month.
For those receiving the Guaranteed Income Supplement (GIS) along with OAS, those benefits are also adjusted for inflation, and recipients may see a similar increase in their monthly payments.
Key Takeaways for CPP & OAS in 2025:
- Payment Dates: Both CPP and OAS payments will generally be made on the last business day of each month in 2025.
- Increase in Payments: CPP and OAS benefits will increase by 2.6% in 2025, aligning with inflation rates and the rising cost of living.
- Impact on Seniors: The increase, while modest, will help seniors maintain their purchasing power and cover rising expenses.
While these increases might seem small, they are crucial in helping Canadian seniors maintain their standard of living, particularly in a time of rising costs. If you’re receiving these benefits, it’s essential to keep track of the official payment dates for 2025 to ensure you’re budgeting effectively.
For more details on CPP and OAS eligibility, payment schedules, and adjustments, always refer to the official Government of Canada website.
Are you looking forward to these changes, or do you have any concerns about how the increases will impact your financial planning in 2025? Let us know in the comments!