CPP and OAS payments landing Friday for eligible Canadians
Canada Pension Plan and Old Age Security deposits hit accounts on June 26, with monthly payment amounts based on contribution history and retirement timing.
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Eligible Canadians will receive Canada Pension Plan (CPP) and Old Age Security (OAS) payments on Friday, June 26.
The CPP is a monthly, taxable government benefit that replaces part of income when Canadians retire. You must have made at least one valid contribution and be at least 60 years old to receive it. Canadians get their full pension even if they're under 70 and still working. If you continue contributing to the CPP post-retirement, you can increase your pension amount.
Eligible Canadians saw increases to both CPP and OAS payments in January 2026. New beneficiaries aged 65 receive an average monthly payment of $925.35. The maximum monthly payment at age 65 is $1,507.65.
OAS is available regardless of work history to anyone 65 and older who is a Canadian citizen or resident, and who has lived in Canada for at least 10 years since turning 18. Those aged 65 to 74 can receive up to $743.05 per month if their annual net income in 2024 was less than $148,451. Those 75 and older can receive up to $817.36 if their annual net world income in 2024 was less than $154,196.
July marks the start of Canada's new benefit year, and another round of government benefit deposits is expected next month with increased payments.
