If you’re approaching retirement or already receiving government benefits, it’s time to get familiar with the 2025 CPP and OAS payment updates. Combined, these benefits can provide eligible Canadians with between $1,500 and $3,250 per month, offering essential financial support during retirement.
Here’s everything you need to know about the latest payment amounts, eligibility requirements, and payment dates for this year.
What Is CPP and Who Qualifies?
The Canada Pension Plan (CPP) is a contributory pension program. If you’ve worked and paid into the system during your working years, you’re likely eligible.
CPP Eligibility in 2025:
- Must be at least 60 years old
- Must have made at least one valid contribution to CPP
- You can start at 60, but full benefits begin at age 65
- You can delay up to age 70 to receive higher monthly payouts
CPP 2025 Monthly Amounts:
- Average monthly payment at 65: $808.14
- Maximum monthly payment at 65: $1,433.00
- Delaying to age 70 can boost your monthly payment up to $2,000 or more
What Is OAS and Who Gets It?
Old Age Security (OAS) is a monthly benefit for seniors funded by general tax revenue. It does not require employment contributions like CPP.
OAS Eligibility in 2025:
- Must be 65 years or older
- Must have lived in Canada for at least 10 years since age 18
- Benefits increase slightly for those aged 75 and over
OAS 2025 Monthly Amounts:
- Ages 65–74: Up to $727.67
- Ages 75+: Up to $800.44
- Can be increased further if you choose to delay past 65 (up to 36% more if delayed to age 70)
CPP + OAS = Combined Monthly Retirement Income
Many seniors qualify for both CPP and OAS, significantly increasing their monthly retirement income.
| Benefit Type | Monthly Amount (Max) |
|---|---|
| CPP | $1,433.00 |
| OAS (Ages 75+) | $800.44 |
| Combined Total | $2,233.44 |
If you’ve deferred CPP or contributed more over time, you could receive up to $3,250 monthly when combining these with other supplements like the Guaranteed Income Supplement (GIS).
2025 Payment Dates
Both CPP and OAS are paid on the same day each month. For April 2025, the payment date is:
April 28, 2025
Payments are usually made via direct deposit, and arrive faster if your banking info is up-to-date with Service Canada.
How to Maximize Your Retirement Benefits
- Delay CPP/OAS: Every year you delay beyond age 65 increases your monthly benefit
- Verify Your Records: Log into your My Service Canada Account to ensure your contribution and residency records are correct
- Apply Early: You can apply up to 12 months in advance of when you want to start receiving benefits
In 2025, Canadians can receive between $1,500 and $3,250 per month through CPP and OAS benefits — depending on their age, contributions, and when they choose to start. These payments are a vital part of retirement planning and can help ensure financial stability in your golden years.
If you’re nearing 60, now’s the time to plan. Understand your eligibility, check your contribution history, and take advantage of benefit-enhancing strategies like delayed retirement or combining benefits.
FAQs
Can I get both CPP and OAS at the same time?
Yes! Most retirees receive both as long as they meet eligibility requirements for each.
Are CPP and OAS payments taxable?
Yes, both are considered taxable income and should be reported on your annual tax return.
Do I need to apply for OAS?
Yes. OAS is not automatic unless you receive a letter stating you’ve been auto-enrolled. Otherwise, you must apply.