CPP Payment Dates 2025

Understanding the Canada Pension Plan (CPP)

The CPP provides retirement income for Canadians and forms just one part of the country's retirement system alongside Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and personal savings.

Unlike government-funded programs, the CPP operates through contributions from workers and employers. Every Canadian worker outside Quebec (which has its own QPP system) must contribute to this mandatory plan.

When are the CPP payment dates for 2025?

In Canada, the Canada Pension Plan (CPP) distributes payments monthly to eligible recipients.

For 2025, these are the official CPP payment dates:

• January 29, 2025

• February 26, 2025

• March 27, 2025

• April 28, 2025

• May 28, 2025

• June 26, 2025

• July 29, 2025

• August 27, 2025

• September 25, 2025

• October 29, 2025

• November 26, 2025

• December 22, 2025

If you'd like a faster, more seamless banking experience for all your deposits, consider setting up a KOHO account.

You can receive direct deposits including your tax refund, paycheque, and government benefits up to one day in advance.*

*While Direct Deposits are typically received and processed one day before your scheduled payday, the actual timing may vary depending on when the payment is issued. Please allow up to 2 business days for complete processing.

Eligibility requirements

You can receive CPP if you:

• Are at least 60 years old

• Made at least one contribution to the plan

• Are a Canadian citizen, permanent resident, or legal immigrant

You may also qualify through credits received from a former partner who contributed to the plan.

Payment amount details

Your monthly payment depends on:

• Your age when you start collecting

• How much and how long you contributed

• Your average lifetime earnings

For 2025, the maximum monthly payment at age 65 is $1,433, though the average payment for new recipients is around $808.

When to apply

You can start receiving CPP anytime between ages 60 and 70. Starting earlier means smaller monthly payments, while waiting until 70 maximizes your benefit. Most Canadians begin taking CPP at 65.

Once you start receiving CPP, payments continue for life. The program also provides support through disability benefits and survivor pensions for eligible family members.

Applying for CPP

To apply:

1. Use your My Service Canada Account online

2. Download and submit a paper application

Allow up to 120 days for application processing. Payments arrive via direct deposit or mail during the last three business days of each month.

Tax considerations

CPP benefits are taxable income. You can request that the Canada Revenue Agency deduct federal income tax from each payment, or you may need to make quarterly tax payments yourself.

CPP Investments, a Crown corporation operating independently from the government, manages the fund. The plan undergoes sustainability reviews every three years, with the next review scheduled for 2025.