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Pension Payment Dates in Canada for February 2024

Updated:

Fact Checked

Learn about pension payment dates for Old Age Security (OAS), the Canada Pension Plan (CPP), and public and Quebec pension plans in 2024.

We also include payment dates for some provincial teachers’ retirement funds. These dates reflect when you can expect direct deposits to reach your bank account.

OAS Payment Dates

The OAS is a monthly benefit paid to eligible retirees starting at age 65. OAS payment dates in 2024 fall on:

  • January 29, 2024
  • February 27, 2024
  • March 26, 2024
  • April 26, 2024
  • May 29, 2024
  • June 26, 2024
  • July 29, 2024
  • August 28, 2024
  • September 25, 2024
  • October 29, 2024
  • November 27, 2024
  • December 20, 2024

The maximum monthly OAS benefit is $713.34 for ages 65 to 74 and $784.67 for ages 75 and older.

For questions regarding your OAS pension, call 1-800-277-9914.

Canada Pension Payment Dates

The CPP retirement pension is paid monthly to seniors who contributed to the plan during their working years. The minimum age to collect CPP is 60 years old.

CPP payment dates in 2024 fall on:

  • January 29, 2024
  • February 27, 2024
  • March 26, 2024
  • April 26, 2024
  • May 29, 2024
  • June 26, 2024
  • July 29, 2024
  • August 28, 2024
  • September 25, 2024
  • October 29, 2024
  • November 27, 2024
  • December 20, 2024

The maximum monthly CPP benefit is $1,364.60, while the average paid out is $758.32.

If you have questions regarding your benefit, contact Service Canada at 1-800-277-9914.

CPP pensions who are not set up for direct deposit payments will receive a cheque in the mail during the last 3 business days of each month.

Public Service Pension Plan Payment Dates (Provincial)

The Public Service Pension Plan (PSPP) is a defined benefit pension plan for employees of the Government of Alberta and its agencies, boards, and commissions, and other participating public bodies since 1947.

It has transfer agreements with many other provincial sector pension plans. Other Canadian provinces have similar public service pension plans.

PSPP payment dates in 2024 are on the second last banking day of each month, except for December.

  • January 30, 2024
  • February 28, 2024
  • March 27, 2024
  • April 29, 2024
  • May 30, 2024
  • June 27, 2024
  • July 30, 2024
  • August 29, 2024
  • September 27, 2024
  • October 30, 2024
  • November 28, 2024
  • December 20, 2024

You can contact the PSPP to inquire about your pension at 1-877-453-1777. The PSPP in British Columbia has the same payment dates as above.

Public Service Pension Plan Payment Dates (Federal)

Federal service employees can expect their pensions in 2024 on these dates:

  • January 29, 2024
  • February 27, 2024
  • March 26, 2024
  • April 26, 2024
  • May 29, 2024
  • June 26, 2024
  • July 29, 2024
  • August 28, 2024
  • September 25, 2024
  • October 29, 2024
  • November 27, 2024
  • December 27, 2024

These pension dates also apply to the military and RCMP. For inquiries, call 1-800-561-7930.

Quebec Pension Dates

Like the CPP, the Quebec Pension Plan (QPP) pays monthly benefits to seniors who contributed to the plan during their working years.

QPP payment dates in 2024 fall on:

  • January 31, 2024
  • February 29, 2024
  • March 28, 2024
  • April 30, 2024
  • May 31, 2024
  • June 28, 2024
  • July 31, 2024
  • August 30, 2024
  • September 27, 2024
  • October 31, 2024
  • November 29, 2024
  • December 30, 2024

This pension is paid by direct deposit on the last working date of the month.

Quebec Public Sector Pension Plan Payments

The public sector retirement pension in Quebec is paid on the 15th of the month, or the preceding business day if the 15th falls on a weekend or statutory holiday.

Payment dates for the Government and Public Employees Retirement Plan (RREGOP) in Quebec fall on:

  • January 15, 2024
  • February 15, 2024
  • March 15, 2024
  • April 15, 2024
  • May 15, 2024
  • June 14, 2024
  • July 15, 2024
  • August 15, 2024
  • September 13, 2024
  • October 15, 2024
  • November 15, 2024
  • December 13, 2024

For inquiries, contact Retraite Québec at 418-643-4881 (Quebec) or 1-800-463-5533 (toll-free).

Veteran Disability Pension Payment Date

This disability benefit is paid to eligible veterans who have a diagnosed medical condition or disability that is related to their service.

The payment dates for the Veteran disability pension in 2024 are:

  • January 30, 2024
  • February 28, 2024
  • March 27, 2024
  • April 29, 2024
  • May 30, 2024
  • June 27, 2024
  • July 30, 2024
  • August 29, 2024
  • September 26, 2024
  • October 30, 2024
  • November 28, 2024
  • December 23, 2024

For inquiries regarding the disability pension, call 1-866-522-2122

Provincial Pension Payment Dates

In addition to the CRA benefit payments noted earlier, various provinces have different payment dates for retirement benefits, such as for teachers.

Alberta Teachers’ Retirement Fund Payment Dates

Alberta Teacher’s Retirement Fund (ATRF) deposit pension benefits on these dates in 2024:

  • January 29, 2024
  • February 27, 2024
  • March 26, 2024
  • April 26, 2024
  • May 29, 2024
  • June 26, 2024
  • July 29, 2024
  • August 28, 2024
  • September 25, 2024
  • October 29, 2024
  • November 27, 2024
  • December 23, 2024

Manitoba Teachers’ Retirement Allowance Fund Payment Dates

The Teachers’ Retirement Allowance Fund (TRAF) is the pension plan for public school teachers in Manitoba.

TRAF pension payment dates in 2024 fall on:

  • January 31, 2024
  • February 29, 2024
  • March 28, 2024
  • April 30, 2024
  • May 31, 2024
  • June 28, 2024
  • July 31, 2024
  • August 30, 2024
  • September 27, 2024
  • October 31, 2024
  • November 29, 2024
  • December 31, 2024

Saskatchewan Teachers’ Retirement Plan Payment Dates

The Saskatchewan Teachers’ Retirement Plan (STRP) provides monthly pension benefits to teachers in the PreK-12 system.

STRP payment dates are:

  • January 31, 2024
  • February 29, 2024
  • March 28, 2024
  • April 30, 2024
  • May 31, 2024
  • June 28, 2024
  • July 31, 2024
  • August 30, 2024
  • September 27, 2024
  • October 31, 2024
  • November 29, 2024
  • December 31, 2024

Ontario Public Service Pension Plan Dates

The Ontario Public Board administers the provincial public service pension plan. It is one of Canada’s largest pension plans, with over $33 billion in assets.

Ontario PSPP payment schedule in 2024 is:

  • January 22, 2024
  • February 22, 2024
  • March 22, 2024
  • April 22, 2024
  • May 22, 2024
  • June 21, 2024
  • July 22, 2024
  • August 22, 2024
  • September 20, 2024
  • October 22, 2024
  • November 22, 2024
  • December 20, 2024

Payments occur on the 22nd of each month. If this is a weekend or holiday, you get your payment on the preceding business day.

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Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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