The Canada Pension Plan (CPP) is one of the three main sources of retirement income for seniors in Canada.
CPP payments are made monthly and paid out through direct deposit to your bank or sent as a cheque. The payment schedule varies monthly but is generally on the third to last business day of each month.
CPP payment dates also coincide with when Old Age Security (OAS) pension benefits are paid out. You can read more about OAS vs CPP.
In Quebec, the CPP-style program is known as the Quebec Pension Plan.
CPP Payment Dates for 2025
The Canada pension payment dates in 2025 (CPP payment dates) are:
- 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
CPP payments include the CPP retirement pension, CPP disability, children’s benefits, and survivor’s benefits.
OAS benefits are made out on the same dates and include the OAS pension, Guaranteed Income Supplement (GIS), Allowance, and Allowance for the Survivor.
December payments are generally scheduled before December 25.
How Much CPP You May Qualify For
You may wonder how much CPP to expect and why your payments are what they are.
The amount of CPP you get is based on your contributions to the plan. The more you contribute (and the longer you contribute), the more CPP you will qualify for in retirement.
Generally, to receive CPP, you must be at least 60 years old and have made at least one contribution to the plan. Most people will not qualify for the maximum CPP because they did not make the maximum contributions to the plan… i.e. for at least 39 years.
Here’s a snapshot of the average and maximum CPP payments for 2025:
| Type of pension or benefit | Average amount for new beneficiaries | Maximum monthly payment amount (2025) |
| Retirement pension (at age 65) | $808.14 | $1,433.00 |
| Post-retirement benefit(at age 65) | $16.01 | $47.82 |
| Disability benefit | $1,186.40 | $1,673.24 |
| Post-retirement disability benefit | $583.32 | $598.49 |
| Survivor’s pension – younger than 65 | $527.91 | $770.88 |
| Survivor’s pension – 65 and older | $325.64 | $859.80 |
| Children of disabled CPP contributors | $294.12 | $301.77 |
| Children of deceased CPP contributors | $294.12 | $301.77 |
| Death benefit (one-time payment) | $2,499.54 | $2,500.00 |
| Combined benefits | ||
| Combined survivor’s and retirement pension (at age 65) | $1,017.67 | $1,449.53 |
| Combined survivor’s pension and disability benefit | $1,293.81 | $1,683.57 |
Who Gets the Maximum CPP Benefit?
The maximum monthly CPP benefit in 2025 is $1,433.00 per month or $17,196 per year. To receive the maximum CPP, you must have:
- Contributed to the CPP for at least 39 years of the 47 years from age 18 to 65.
- Contributed the maximum amount to the CPP for at least 39 years based on the Yearly Maximum Pensionable Earnings (YMPE).
The YMPE is the amount used to calculate the maximum contribution to the CPP/QPP each year.
For example, for 2025, the YMPE is $71,300, up from $68,500 in 2024.
Maximum CPP Contribution for 2025
- YMPE = $71,300
- Basic exemption: $3,500
- CPP contribution rate (employee): 5.95%
- maximum contributory earnings: $67,800 (i.e. $71,300 minus $3,500)
- Maximum annual employee base CPP contributions in 2025: $4,034.10
A second income threshold applies in 2024 for employees earning over $68,500. They pay an additional CPP contribution rate of 4% on income between $71,300 and $81,200.
The YMPE over the years are:
- 2025: $71,300
- 2024: $68,500
- 2023: $66,600
- 2022: $64,900
- 2021: $61,600
- 2020: $58,700
- 2019: $57,400
- 2018: $55,900
- 2017: $55,300
- 2016: $54,900
For the YMPE numbers all the way to 1966 (when the amount was $5,000), check here. The basic exemption amount has been $3,500 since 1996.
Assuming you earned and contributed CPP on an income that’s about 80% of the YMPE throughout your working years and you made CPP contributions for at least 39 years, it’s safe to say that you can expect to receive around 80% of the maximum CPP amount.
Provisions like child-rearing, low-income earning years drop-out, and disability drop-in/drop-out may increase your benefits.
Related: How to get the maximum CPP.
Is the CPP Taxable?
Yes, CPP payments are considered taxable income. The tax rate is based on your overall taxable income level. At the Federal level, the following income tax rate applies:
- Up to $57,375: 15%
- $57,376 to $114,750: 20.50%
- $114,751 to $177,882: 26%
- $177,883 to $253,414: 29%
- $253,415 and over: 33%
Couples may choose to share their CPP benefits for tax-saving purposes. You must apply to Service Canada to share your pension, and you can cancel anytime.
The amount of CPP you receive is not income-tested like the OAS, and there is no clawback of CPP even if your income exceeds the OAS maximum income threshold (i.e. $148,451 for 2025).
CPP Increases in 2025
Changes were made to the CPP starting in 2019. While the CPP was initially designed to replace 25% of pre-retirement income, the long-term plan is to have the program replace 33.33% of your average lifetime earnings.
The full impacts of these changes are not expected to be realized until 2065.
A few things to note:
CPP contribution rates are increasing. For 2023, the employee/employer contribution rates increased from 5.70% to 5.95% (total of 11.90%) of earnings up to the YMPE. It stays the same in 2024 and 2025 (although there is now a second tier of contributions).
| Year | Employee contribution rate | Employer contribution rate | Self-employed contribution rate |
| 2018 | 4.95% | 4.95% | 9.90% |
| 2019 | 5.10% | 5.10% | 10.20% |
| 2020 | 5.25% | 5.25% | 10.50% |
| 2021 | 5.45% | 5.45% | 10.90% |
| 2022 | 5.70% | 5.70% | 11.40% |
| 2023 and later | 5.95% | 5.95% | 11.90% |
Additional contributions will be phased in starting in 2024 at 4% of earnings above the YMPE up to a maximum amount.
For example, in 2025, you will contribute an additional 4% (8% total – 4% employer/4% employee) on income earned between the YMPE of $71,300 and $81,200 (with a maximum annual employee and employer contribution of $396 or $792 for self-employed individuals).
Overall, seniors will receive a higher CPP from now on, and the full impact of the increased CPP will be felt about 4.5 decades from now.
Canada Pension Plan Explained
The Canada Pension Plan (CPP) is a retirement pension plan that pays monthly taxable benefits to eligible seniors. In Quebec, it is called the Quebec Pension Plan (QPP).
It works using a contributory system, which means you must have contributed to the plan during your working years to benefit.
The earliest age to collect CPP is 60; however, the standard retirement age for full benefits is 65. You can also delay CPP payments until age 70 for higher payouts.
The CPP Investment Board, a federal Crown corporation, manages the CPP.
Additional CPP Benefits
In addition to the retirement pension, CPP beneficiaries and their spouse or dependents may also qualify for:
1. Post-Retirement Pension
While collecting CPP, you can continue to work and make CPP contributions. These additional contributions are paid out as a post-retirement benefit and increase your overall pension.
You can no longer make a CPP contribution after age 70. CPP contributions are voluntary between the age of 65 to 70.
2. CPP Survivor’s Pension
This benefit is paid out to the legal spouse or common-law partner of a deceased CPP contributor.
The total CPP benefit that can be received (i.e. retirement pension, disability pension, and survivor’s pension) cannot exceed the maximum CPP retirement or disability pension.
The current maximum CPP survivor’s pension is $770.88 (under 65 years) and $859.80 (65 years and older). The average monthly amounts are $527.91 and $325.64, respectively.
3. CPP Disability Pension
CPP contributors with a “severe and prolonged” disability may qualify for the CPP disability pension and post-retirement disability benefit.
Their dependent children may also qualify for a children’s benefit.
The current maximum CPP disability pension is $1,673.24, while the average monthly payment is $1,186.40.
4. CPP Death Benefit
A lump-sum benefit of $2,500 is paid out to the estate of a deceased CPP contributor. To apply, you must complete Form ISP1200 and mail it to Service Canada.
5. CPP Children’s Benefit
Monthly benefits are available to dependent children of a deceased or disabled CPP pensioner. The child must be under the age of 18 or under 25 if in school full-time.
The maximum monthly children’s benefit for 2025 is $301.77.
What Happens To CPP After Death?
After a CPP pensioner dies, their spouse may be eligible for additional benefits, i.e. the survivor’s benefit as explained above, and children under age 25 could also receive a children’s benefit.
The survivor’s pension varies depending on how much the deceased contributor made to the plan, as well as the age of the living spouse.
If the spouse is under 65 years old, they get 37.5% of the retirement pension of the deceased contributor plus a flat-rate amount. If the spouse is 65 years and older, they receive 60% of the deceased contributor’s retirement pension.
The living spouse or common-law partner can only receive a total combined pension benefit up to the maximum retirement pension ($1,433 in 2025).
So, if you already receive the full CPP, your survivor’s benefit falls to zero.
The deceased contributor’s estate may also be eligible for a death benefit of $2,500 to help with funeral expenses.
If a CPP pensioner dies before they can apply for the CPP, the following applies:
- Their estate can submit an application to receive up to 12 months of retirement pension. This is only possible if they were over 70 and the application was submitted within 12 months of death.
- Their estate, spouse, or next of kin can still apply for the death benefit.
- Their spouse and children can still apply for the survivor’s pension and children’s benefits.
What Happens To CPP If You Move Abroad?
CPP payments are not subject to the 20-year residency requirements that apply to Old Age Security. Regardless of where you live abroad, you can receive your CPP pension.
Payments are either made in the local currency or in Canadian dollars.
If you are deemed by CRA to be a non-resident of Canada for tax purposes, a 25% withholding tax rate applies to your benefits.
If you live in a country with a tax treaty with Canada, the tax withheld may be reduced or waived altogether (e.g. if you live in the U.S.).
What is the Best Age to Collect CPP?
Should I collect CPP at age 60? There are no hard and fast rules for when to start collecting CPP payments.
Some factors to consider are:
- Do you need the money now?
- Your expected lifespan
- Current income levels and plans to continue working
- OAS clawback considerations
The longer you wait to collect, the more pension you receive. However, waiting beyond age 60 is not always a better decision. I would advise you to discuss your overall financial situation with a financial planner to determine what’s best for you.
Here are some reasons to take CPP early at age 60. Alternatively, if you want to receive higher benefits, here are reasons for delaying CPP until age 70.
Canada Pension Plan FAQ
Here are some popular CPP questions and answers:
Will CPP benefits increase in 2025?
Yes, CPP benefits have increased for 2025 based on changes to the Consumer Price Index. The maximum monthly CPP benefit increased from $1,364.60 to $1,433.
What is the maximum CPP for 2025?
The maximum monthly CPP is $1,433. This makes for an annual pension of $17,196. The maximum monthly CPP in 2024 was $1,364.60.
The maximum monthly CPP disability amount in 2025 is $1,673.24, for an annual maximum pension amount of $20,078.
Should I collect CPP while working?
The standard age to start collecting CPP is 65. You can opt for an early CPP starting at 60 years of age. In this case, your benefits are decreased by 0.60% each month (7.2% penalty per year).
Alternatively, you can delay CPP till age 70 and receive an increase of 0.70% per month (8.4% increase per year).
If you started contributing to the CPP later in life or simply want to increase your retirement benefits, working and contributing to the CPP after 65 may make sense. However, contributions to the CPP are not required after you turn 65.
What are the CPP disability payment dates in 2025?
CPP disability is paid on the same dates as the CPP retirement pension. The CPP disability dates for 2025 are January 29, February 26, March 27, April 28, May 28, June 26, July 29, August 27, September 25, October 29, November 26, and December 22, 2025.
How much can I earn while on CPP disability?
You can earn up to $6,600 before taxes without losing your disability benefits (in 2023). You should contact CPP when your annual income reaches this amount, as you could lose some of your benefits.
Does CPP pay for funeral expenses?
If the CPP pensioner made eligible contributions, their estate (or spouse/next-of-kin/estate executor) may be eligible for a $2,500 death benefit.
Can I collect my deceased husband’s CPP?
A surviving spouse can apply for a survivor’s pension. The amount you receive will depend on how much was contributed to the plan, your age, and the other pension benefits you are already receiving.
Is the CPP survivor benefit increasing?
Yes, the maximum CPP survivor pension amount for those under 65 increased to $770.88 in 2025, while it increased to $859.80 for those over age 65.
What date does the Old Age Security (OAS) get deposited?
OAS benefit payments are made on the last business day of each month. The OAS payment dates in 2025 are January 29, February 26, March 27, April 28, May 28, June 26, July 29, August 27, September 25, October 29, November 26, and December 22, 2025.
What are the GIS payment dates in 2025?
OGIS benefit payments are made on the last business day of each month, which is the same day you receive the OAS pension.
What should I do if my CPP payment is not received?
If your CPP payment is late, you should contact Service Canada toll-free at 1-800-277-9914 to inquire about its status. If you haven’t set up direct deposits, it may take a few days to receive your CPP cheque.
Also, if you have just applied for the CPP, the processing time is anywhere from 7 days to 120 days.
Should I collect CPP early at 60 or delay it until age 70?
There are many factors you should consider when deciding on whether to take CPP early or delay it until later, including your other income, OAS clawback, your expected lifespan, and more.
Delaying your OAS until later can lead to increased payments of up to 42%, while collecting CPP early can decrease your monthly payment by up to 36%.
Can I cancel CPP after starting?
Yes, you can cancel your CPP pension up to 12 months after you begin receiving it. To cancel your CPP, you must send a request in writing to Service Canada and repay all the benefits you have already received.
When are CPP cheques sent?
Your CPP cheque is mailed to you during the last 3 business days of each month. As such, you may receive it by the general payment date or shortly after.
If you have questions about CPP payments and amounts, leave them in the comments.
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Hello! I enjoy your newsletters and find them very helpful. What do you mean by the following sentence?:
“Provisions like child-rearing, low-income earning years drop-out, and disability drop-in/drop-out may increase your benefits.”
Thank you!!
@Sue: It means you may be able to drop off some lower earning years and reduce the drag of those years on your CPP benefits, which could result in an increase in how much you receive (compared to having those years counted).
I forgot to tell that I worked from 1973 to 1993 and paid into cpp. But not since became on ccpdisability. Other than occasional odd work but didn’t pay cppd. Can I pack pay cppd? Any advantage? I earned about $5200 – $6200 in last 10 yrs.
Thank you very sincerely.
I am getting odsp $1200 month for 20 yrs. On August 18, 2022 I turn 65. Part ODSP + CPP Disability equals above noted income from cppd and odsp. I didn’t apply retirement as will be 65 on Aug 18, 22. Will I get automatic payments from Retirement on next RETIREMENT PENTION on pension date when I turn 65 come August 18/22? Cppd goes directly to my bank account every month. Odsp deposit of difference by cheque. Will odsp cut me off from this August 18, 2022? Please advise. Thank you very sincerely.