For millions of Canadians, the Canada Pension Plan (CPP) remains a cornerstone of retirement income. Whether you’re nearing retirement or already collecting benefits, staying updated with the CPP payments schedule and eligibility rules is essential. Here’s everything you need to know about CPP Payments in 2025, including monthly payment dates, eligibility criteria, benefit amounts, and how to apply.
CPP Payment Dates in 2025
The Canada Revenue Agency (CRA) has released the full CPP payment schedule for 2025. Payments are typically deposited on the second-last business day of each month. Below is the official schedule:
- 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
To receive your payment on time, ensure your direct deposit information is up to date in your My Service Canada Account.
What Is the Canada Pension Plan (CPP)?
The CPP is a contributory, earnings-based social insurance program funded by Canadian workers, employers, and self-employed individuals. It provides monthly payments to eligible Canadians once they retire and serves as one of the four pillars of retirement income, along with:
- Old Age Security (OAS)
- Guaranteed Income Supplement (GIS)
- Personal savings and workplace pensions
Note: Residents of Quebec are covered under the Quebec Pension Plan (QPP), not CPP.
CPP Eligibility in 2025
You’re eligible for CPP benefits if:
- You are 60 years or older, and
- You’ve made at least one valid CPP contribution during your working life (or received credits from a former spouse/partner)
CPP is available to Canadian citizens, permanent residents, and legal residents who meet the contribution criteria.
How Much Will CPP Pay in 2025?
The amount you receive depends on:
- Your age when you begin collecting CPP
- How long and how much you’ve contributed
- Your average annual earnings over your working life
In 2025:
- Maximum monthly CPP at age 65: $1,433
- Average monthly payment at age 65 (as of late 2024): $808.14
You may receive additional CPP benefits if you are living with a disability or are the survivor of a deceased contributor.
CPP Enhancements & Contributions
In 2024, CPP contributions were increased under a seven-year federal enhancement plan (begun in 2019) designed to boost retirement income. By 2025:
- The maximum pensionable earnings will rise to $82,700, up from $55,900.
- This means higher contributions now but better financial security during retirement.
How to Apply for CPP 2025
You can apply:
Processing time: Up to 120 days.
Payment is made by direct deposit or mailed cheque, depending on your preference.
Are CPP Payments Taxable?
Yes, CPP benefits are taxable. You can request the CRA to deduct taxes from your monthly payments by submitting a request via your My Service Canada Account or by downloading the proper form.
The 2025 CPP payment schedule ensures that millions of Canadians will receive their retirement support on time each month. With enhancements to both contribution levels and benefits, the CPP continues to evolve to meet the changing needs of retirees.
Staying informed about when payments arrive, how much you’re eligible to receive, and how to manage your benefits is crucial for a secure retirement.
For the latest updates or to manage your CPP benefits, visit the Government of Canada CPP page.