Canadian seniors can expect their Canada Pension Plan (CPP) and Old Age Security (OAS) payments to be deposited on Wednesday, August 27, 2025.
These benefits remain crucial for millions of retirees, helping them cover daily expenses, healthcare costs, and rising living expenses.
In this article, we’ll explain who qualifies, how much you can expect, recent increases to benefits, and what to do if your payment doesn’t arrive on time.
CPP and OAS Payment Schedule for 2025
Both CPP and OAS are paid monthly on fixed dates. Here are the remaining dates for 2025:
| Month | Payment Date |
|---|---|
| January | 29 |
| February | 26 |
| March | 27 |
| April | 28 |
| May | 28 |
| June | 26 |
| July | 29 |
| August | 27 |
| September | 25 |
| October | 29 |
| November | 26 |
| December | 22 |
The August 27 payment is the next major payout, ensuring that eligible seniors receive their funds before the end of the month.
How Much Will Seniors Receive?
Canada Pension Plan (CPP)
- Maximum monthly amount at age 65 in 2025: $1,433
- Average monthly payment at age 65 in 2025: About $845
Your actual CPP payment depends on:
- How much you contributed during your working life
- How long you contributed
- Your average earnings
- The age you start your pension (starting as early as 60 reduces your payment, while delaying up to 70 increases it).
Old Age Security (OAS)
- Maximum OAS for ages 65–74 (July–September 2025): $734.95/month
- Maximum OAS for ages 75 and over: $808.45/month
To qualify, you must be 65 or older and meet Canadian residency requirements. High-income seniors may see their OAS reduced by the recovery tax if their annual income exceeds set thresholds.
Recent Benefit Increases
- OAS Payments: Increased by 1% for July–September 2025, reflecting a 2.3% annual rise due to inflation. OAS is reviewed quarterly in January, April, July, and October to keep pace with the cost of living.
- CPP Payments: Rose by 2.6% in January 2025, as part of the regular cost-of-living adjustment.
These adjustments ensure that both programs maintain purchasing power despite rising food, housing, and utility prices.
Eligibility Requirements
CPP Eligibility
- Must be at least 60 years old
- Must have made at least one contribution to CPP from employment income
- Payment amount depends on contributions and work history
OAS Eligibility
- Must be 65 years or older
- Residency in Canada for at least 10 years after age 18 (to receive partial payments)
- 40 years of residency is needed for the full pension
In most cases, enrollment is automatic, but some individuals may need to apply through their My Service Canada Account.
Summary of Benefits
| Aspect | CPP | OAS |
|---|---|---|
| Next Payment Date | August 27, 2025 | August 27, 2025 |
| Maximum Monthly Payment | $1,433 | $734.95 (65–74) / $808.45 (75+) |
| Average Payment | $845 | Varies with income and residency |
| Indexing | Annual cost-of-living adjustment | Quarterly cost-of-living adjustment |
| Eligibility Age | 60+ (reduced), full at 65 | 65+ |
What to Do If Payments Don’t Arrive
If your CPP or OAS payment is missing on August 27, 2025, wait at least 10 working days before contacting officials. Delays may occur due to bank processing times, holidays, or technical issues. Ensure you are signed up for direct deposit to minimize risks.
Tips for Seniors
- Set up direct deposit to receive payments quickly and securely.
- Check your My Service Canada Account regularly for benefit details and estimates.
- Consider deferral: Delaying CPP or OAS up to age 70 can increase your monthly payments significantly.
- Plan your budget: With regular payment dates, align your bills and expenses around these deposits.
The upcoming August 27, 2025 CPP and OAS payments provide critical support for millions of Canadian seniors. With maximum CPP amounts reaching $1,433 per month and OAS offering up to $808.45, these benefits remain a cornerstone of retirement security.
Regular inflation adjustments ensure payments keep up with rising costs, while flexibility in timing allows seniors to tailor benefits to their needs.
For retirees, staying informed about payment schedules and planning around them ensures financial stability throughout the year.
FAQs
Can I delay CPP or OAS to receive a higher payment?
Yes. Deferring benefits up to age 70 increases your monthly pension amount, offering higher lifetime income for those who can wait.
Are CPP and OAS taxable?
Yes. Both are considered taxable income. OAS may also be partially reduced if your annual income exceeds the recovery tax threshold.
What if I turn 65 after August 27, 2025?
You will begin receiving OAS the month after you turn 65, provided you meet residency rules. CPP can begin anytime after 60 if you apply.