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Here’s what you need to know about increased Canada Pension Plan and Old Age Security payments, which are scheduled to arrive in bank accounts (for those who have signed up) on Wednesday.
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Jan. 28, Feb. 25, March 27, April 28, May 27, June 26, July 29, Aug. 27, Sept. 25, Oct. 28, Nov. 26 and Dec. 22
How much are the CPP payments going up?
CPP payments are set to increase by 2% as the cost of living rises and are calculated annually using the Consumer Price Index (CPI).
What is the range of CPP payments?
The maximum CPP at age 65, for January 2026, is $1,507.65/month but the average CPP at age 65, for October 2025, was $803.76/month
How do I qualify for a CPP?
You have to be at least 60 years old and have made at least one valid contribution to the CPP.
When do I start getting a CPP?
The standard age to start CPP is at age 65 but you can start as early as age 60 or as late as age 70. Starting earlier means smaller monthly payments and starting later means bigger monthly payments. Age 70 is when the maximum monthly amount is reached.
How is your CPP payment calculated?
A number of factors including at what age you start receiving your pension, how much and for how long you contributed to the CPP and what were your average earnings throughout your working life.
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Do I need to apply to get the CPP payment?
You need to apply and check that you qualify and choose your start date before you begin your application.
How much is the OAS January payment increase?
The OAS is reviewed in January, April, July and October to reflect increases in the cost of living, also using the CPI. OAS benefits have increased by 0.3 per cent for the period of Jan. to Mar. 2026 quarter, which amounts to increase of 2% over the past year.
Who is entitled to OAS — and do I need to enroll?
The OAS is a monthly payment you can get if you are 65 and older. In most cases, Service Canada will be able to automatically enrol you for the OAS pension if sufficient information is available. Service Canada will inform you if you have been automatically enrolled.
How much money could I get through OAS?
From January to March 2026, maximum payments for Canadians aged 65 to 74 is $742.31, for those 75 and over, the maximum payment is $816.54.
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