Eligible Canadians got a boost<\/a> in their CPP and OAS payments in January.<\/p>\n chayanuphol\/Shutterstock<\/p>\n The maximum monthly CPP payment you can receive at age 65 has\u00a0increased<\/a>\u00a0from $1,433 to $1,507.65 starting January 2026.<\/p>\n New beneficiaries aged 65 can get an average monthly CPP payment of $803.76 as of October 2025. That\u2019s an almost $100 decrease from the average monthly payment of $899.67 in October 2024.<\/p>\n Those who are eligible can expect to get their CPP payment on Wednesday, Feb. 25.<\/p>\n Canadians aged 65 and older can also qualify for the OAS pension regardless of their work history.<\/p>\n Those living in Canada can qualify for this benefit if they\u2019re 65 and older, a citizen or resident when their pension application is approved, and have resided in Canada for at least 10 years since age 18.<\/p>\n However, if you\u2019re living outside Canada, you must meet the same age requirement, be a citizen or resident on the day before you left Canada, and have resided in Canada for 20 years since the age of 18.<\/p>\n Just like the CPP, the OAS payment also increased<\/a> in January. The maximum monthly amount for those aged 65 to 74 is $742.31 (up from $727.67) in 2026 if their annual net income in 2024 was less than $148,451.<\/p>\n The maximum monthly amount for those 75 and older is $816.54 (up from $800.44) in 2026 if their annual net income in 2024 was less than $154,196.<\/p>\n![\"cpp](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/02\/shutterstock_2509533339-scaled.jpg\"\/ "\\"\\"")
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