Eligible Canadians received an increase<\/a> to\u00a0their CPP and OAS payments in January.<\/p>\n Fahng_S\/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 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, are citizens or residents 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![\"benefit\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/04\/Shutterstock_2587871967.jpg\"\/ "\\"\\"")
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