Canada Pension Plan (CPP) and Old Age Security (OAS) payments are scheduled to arrive soon, providing essential financial support to millions of Canadians. Here’s everything you need to know about these payments to stay prepared:
When Will CPP and OAS Payments Arrive?
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The next CPP payment is typically scheduled for the third last business day of each month, which in November 2025 is around November 25.
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OAS payments generally arrive on the last business day of each month, so expect November’s payment around November 29 or 30, 2025.
What Are CPP and OAS?
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CPP is a contributory pension plan providing retirement, disability, and survivor benefits based on an individual’s contributions during their working years.
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OAS is a non-contributory monthly payment for seniors aged 65 and older, funded through general tax revenues and universally available, subject to residency requirements and income-tested supplements.
How Much Can You Expect?
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The average CPP retirement pension for 2025 is about $1,200 per month, with a maximum possible amount above $1,400 depending on contributions and retirement age.
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The base OAS pension is approximately $700 per month in 2025, subject to clawbacks for high-income recipients.
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For those eligible, additional supplements like the Guaranteed Income Supplement (GIS) may increase total monthly support.
Key Things Canadians Must Know Now
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Payment Method: Most recipients receive payments via direct deposit; if you don’t, cheques may be mailed.
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Update Information: Ensure your banking and contact information is current with Service Canada.
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Taxes: CPP benefits are taxable income; OAS is subject to clawback for high-income earners.
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Benefit Increases: January 2026 brings a 2.8% COLA increase for both CPP and OAS benefits.
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Reporting Changes: Report any changes in income, residency, or marital status to avoid overpayments or interruptions.
Summary Table: CPP and OAS Payment Snapshot
| Aspect | Detail |
|---|---|
| CPP Payment Date | Third last business day (late November) |
| OAS Payment Date | Last business day (late November) |
| Average CPP Payment | Approx. $1,200/month |
| OAS Base Payment | Approx. $700/month |
| COLA Increase Jan 2026 | 2.8% for both CPP and OAS |
| Payment Method | Direct deposit or cheque |
FAQs
When will I receive my next CPP/OAS payment?
CPP around Nov 25, OAS near Nov 29 or 30, 2025.
Are CPP and OAS payments taxable?
CPP benefits are taxable; OAS may be taxable if income is high.
Can I get both CPP and OAS?
Yes, many seniors receive both, plus possible supplements.
CPP and OAS payments arriving soon offer vital income support to Canadian seniors and contributors, with important dates and details to help beneficiaries manage their finances effectively.
