In 2025, Canadian seniors could see a combined monthly payment of up to $2,600 thanks to the Canada Pension Plan (CPP) and Old Age Security (OAS) enhancements.
This initiative aims to support seniors facing rising living costs and ensure a more secure retirement.
What Is the $2,600 CPP Payment Boost?
The $2,600 payment isn’t a single benefit but a combined maximum payout from Canada Pension Plan and OAS programs. In 2025:
- The maximum Canada Pension Plan monthly payment at age 65 is $1,433.00
- The maximum OAS monthly payment (for eligible seniors 65+) is approximately $1,167.00
Together, they total up to $2,600 per month for qualifying seniors.
Eligibility Criteria for the $2,600 Monthly Payment
Canada Pension Plan (CPP) Eligibility
To receive CPP benefits, you must:
- Be at least 60 years old
- Have made valid Canada Pension Plan contributions during your working years
- The more years and higher contributions you’ve made, the higher your Canada Pension Plan payout
Old Age Security (OAS) Eligibility
To qualify for OAS, you must:
- Be 65 years or older
- Have lived in Canada for at least 10 years after age 18 (for partial benefit)
- For full OAS, you need 40+ years of residency in Canada after age 18
2025 CPP & OAS Payment Schedule
| Month | Payment Date |
|---|---|
| January | January 29 |
| February | February 26 |
| March | March 27 |
| April | April 28 |
| May | May 28 |
| June | June 26 |
| July | July 29 |
| August | August 27 |
| September | September 25 |
| October | October 29 |
| November | November 26 |
| December | December 22 |
Payments are usually made via direct deposit. Seniors are encouraged to set up direct deposit through My Service Canada Account to ensure timely access to their benefits.
How to Maximize Your CPP & OAS Benefits
Getting the maximum $2,600 monthly depends on a combination of factors:
- Delay claiming CPP beyond age 65: Your monthly Canada Pension Plan increases by 0.7% for each month you delay, up to 42% more if you claim at 70.
- Review your contribution record on My Service Canada to ensure accuracy.
- Meet full OAS residency requirements: 40+ years in Canada equals full OAS payments.
- Combine both Canada Pension Plan and OAS: Most seniors receive both, increasing total monthly income.
Who Will Actually Receive the Full $2,600?
Only a small portion of retirees will qualify for the full $2,600. Typically, it includes:
- Seniors who have maximized CPP contributions over 39+ years
- Retirees who waited until age 70 to claim Canada Pension Plan for increased payouts
- Long-term Canadian residents who meet full OAS eligibility
Most Canadians will receive less than the maximum, depending on their work history and residency.
The $2,600 CPP and OAS payment boost in 2025 offers much-needed support to eligible Canadian seniors.
Understanding the eligibility rules, payment dates, and how to maximize benefits can help retirees make informed financial decisions and secure a more comfortable future during their retirement years.
FAQs
Can I receive both CPP and OAS at the same time?
Yes, most Canadian seniors receive both payments monthly if they meet the respective eligibility criteria for each program.
What if I’ve lived in Canada less than 10 years?
You may not qualify for OAS. However, you might still receive a partial OAS payment if your country has a social security agreement with Canada.
Do I need to apply for CPP and OAS separately?
Yes. While both are federal retirement benefits, you must apply for CPP and OAS through Service Canada, either online or by mail.