Canadians getting CPP, OAS payments on Wednesday
Some Canadians will receive their Canada Pension Plan (CPP) and Old Age Security (OAS) pension payments on Wednesday, Aug. 27.
Those eligible for these programs will receive payments from the government through the CPP and OAS pensions. While payment dates vary from month to month, both benefits are typically paid on the same day.
And if you’re still receiving your benefits in the mail, make sure to sign up for direct deposit to avoid delays in your payments. Not quite sure if you qualify for these benefits? Read on to see if you meet the requirements.
Canada Pension Plan (CPP) — Aug. 27
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The CPP is a monthly, taxable benefit that’s meant to replace part of eligible Canadians’ income upon retirement and is paid for the rest of their lives.
To be eligible for this benefit, you must have made at least one valid contribution to the CPP and be at least 60 years old. Canadians can still receive their full pension even if they’re under 70 and still working; contributing to the CPP post-retirement benefit can increase their pension.
So, how much money can you expect to receive from the government? That depends on when you started your pension, the amount you contributed, your earnings throughout your working life, and how long you contributed to the CPP. New beneficiaries will receive an average monthly payment of $899.67, while the maximum monthly payment you can receive is $1,433.
Old Age Security (OAS) pension — Aug. 27
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Canadians aged 65 and older can qualify for the OAS pension regardless of their work history.
Canadians aged 65 to 74 can receive up to $734.95 per month in 2025 if their annual net world income in 2024 was less than $148,541. However, Canadians aged 75 and older can receive a maximum of $808.45 if their annual net world income in 2024 was less than $154,196.