CPP Retirement Pay Dates for 2025: When and How Much You’ll Get

As you approach retirement or start receiving benefits, it’s helpful to have the dates for your upcoming CPP payments to plan financially. The Canada Pension Plan (CPP) is part of the retirement income for millions of Canadians, so knowing when the payments come—and how much—is helpful when dealing with monthly costs and developing realistic savings objectives.

In this guide, we’ll outline the CPP Payment dates for 2025, including dates for CPP disability payments, CPP and OAS payment dates, how the CPP amounts are calculated, and things you need to know in order to get the most from your benefits.

What Is the Canada Pension Plan (CPP)?

The Canada Pension Plan is a government-sponsored retirement pension plan intended for working Canadians who have contributed to this plan throughout their working career.  The CPP is designed to replace a portion of your income upon retirement.  However, it also has disability, survivor, and child benefits under certain circumstances.

In 2025, the CPP is still an important part of Canadian pensions and is offered to those who are eligible and aged 60 and over.  The amount received by the individual depends on the amount you received and for how long you contributed.

CPP Payment Dates for 2025

The Government of Canada pays CPP installments on a monthly basis. While deposits generally occur on the final business day of each month, if the day falls on a weekend or holiday, deposits are made several days early in the month.

Below are the official CPP deposit dates for 2025:

These dates in Canada apply to all regular CPP retirement payments. If you are receiving Old Age Security (OAS) or CPP Disability benefits, those benefits will typically be deposited on the same dates, unless notified otherwise.

How Much CPP Will I Get in 2025?

Your CPP retirement amount is not a generic number! It will depend upon different calculations based on: 

• How much have you contributed to CPP over your working years
• How long have you been contributing
• At what age do you begin to collect your pension

According to the most recent data from the Government of Canada, here are the 2025 estimated maximum and average monthly payments for CPP:

Note: Both amounts are indexed annually for inflation purposes. If you take CPP early (as young as age 60), a lifetime decrease in the monthly amount occurs. On the other hand, waiting until 70 will increase the amount for the rest of your life.

CPP Disability Payment Dates for 2025

If you receive CPP disability payments, you can expect them to be deposited into your account following the same calendar as the accepted CPP retirement benefit deposits. These payments are intended to replace income for individuals under the age of 65 who cannot work because of a severe and prolonged disability.

It is anticipated that your CPP disability payment calendar will match the dates for the regular CPP deposits outlined above.

CPP and OAS Payment Dates in 2025

When seniors receive both CPP and Old Age Security (OAS), the good news is that they will usually receive both payments on the same day. The Government of Canada has coordinated the deposit calendars for the CPP and OAS payments to help seniors manage their finances with a little more ease.

Here is a brief and simple layout:

• CPP: It is based on your contributions to the pension plan
• OAS: It is based on your years of residency in Canada, not on your income or contributions
• The Guaranteed Income Supplement (GIS): It is also deposited at the same time as OAS if you qualify for the GIS.

How to Check or Update Your CPP Payments

To ensure your payments arrive on time and in the correct amount, it’s important to keep track of your CPP account. Here are a few tips: 

• Check your Service Canada Account: You can check online for your payment dates, amount, or contribution summaries. 
• Keep your banking information up to date: When you switch banks, make sure to update your direct deposit information to avoid delays. 
• Watch for notices of CPP changes: CPP rates change annually as a result of inflation and wage increases, and changes are usually announced at the end of the year for implementation the following January. 
• Planning for Retirement and CPP: Knowing your CPP deposit dates and monthly amounts is a great first step in planning for your retirement; however, it is just the beginning.  Here are a few additional tips for taking full advantage of your Canadian retirement benefits: 
• Combine CPP with other sources of income: CPP was not meant to be your only income for retirement. Be sure to incorporate RRSPs, TFSAs, employer pensions, or any personal savings you may have.
• Consider your retirement timing: Starting CPP at 60 causes a reduction of 0.6% per month early. Delaying past 65 causes an increase of 0.7% per month.
• Use CPP and OAS calculators: You can find easy-to-use calculators through the Government of Canada and also online resources like Wealthsimple to view your monthly benefits and options.

How will CPP be changing in 2025 – Commonly Asked Questions

When will I see my CPP payments in my bank account?

Typically, if you are signed up for a direct deposit, payments arrive on the schedule date.

Can I receive CPP and still work?

Yes. Many Canadians receive CPP while they continue to work. If you are under 70, you may be required to continue contributing by way of the Post-Retirement Benefit (PRB).

Is CPP taxable income?

Yes. CPP benefits are taxable income and should be included when filing your tax return.

Closing Statement on CPP Payment 

Keeping an eye on your CPP payment dates and understanding the calculations of your benefits are key components of retirement planning. Whether you are receiving CPP retirement, CPP disability, or CPP and OAS, knowing exactly when and how much you will receive enables you to manage your monthly budget, as well as your overall financial situation.

While you may be preparing for 2025, be sure to add each CPP deposit date to your calendar and utilize all the tools and resources possible in order to take full advantage of your Canadian pension. 

If you want specific advice, you may want to consider talking to a financial advisor or investigating trusted sites like Wealthsimple for more comprehensive retirement plan information.