CPP Payment Dates 2025: When Am I Getting Paid?

If you’re nearing retirement age in Canada, you may wonder when you’ll receive your CPP benefits. You’ve come to the right place to find out. The Canada Pension Plan (CPP) is a benefit program for retired citizens. The government of Canada maintains the program.

CPP funds enable you to replace part of your income in retirement.  On your pay cheque, you’ll most likely see a contribution to the CPP fund. After retirement, CPP payments might serve as a major source of your income. You’ll receive a payment each month by cheque or direct deposit.

To learn more about CPP payment dates, keep reading.

When Is the Next CPP Payment Date?

If you already receive CPP payments, you might wonder, “When will my CPP payment come through?” Alternatively, you might wonder, “When is the next CPP payment date?”

The government issues CPP payments using a monthly schedule. The payment dates change from month to month. As a rule of thumb, however, you can expect a CPP payment on the third to last business day of each month.

You might choose to receive your payments by mail instead of direct deposit. In that case, the payments will get mailed out on the third business day of each month.

However, you may want to know the exact date that your payment should arrive. If so, here’s the schedule of 2022 and 2023 CPP payment dates:

If you like, you can also check the payment dates using the Canadian government website. There, you’ll find various calendars for CPP payment dates this year. You’ll also find calendars for other federal benefits.

How Much Are CPP Payments?

If you have yet to receive a CPP payment, you might wonder how much you'll receive in benefits each month. Your monthly benefit will vary based on several factors.​

However, there are a few things that will influence your payment amounts more than others. For example, the date that you start receiving benefits will affect how much you receive.​

The amount of the monthly CPP payment you receive will also vary based on how much you've contributed. It will also vary based on how long you've contributed to the fund. In this regard, the government will consider the average of your lifetime earnings.​

As of January 2025, the maximum monthly amount for new beneficiaries starting their pension at age 65 is $1,433.00. However, the average monthly amount paid for a new retirement pension at age 65 was $808.14 in October 2024.

You can find out more about your eligibility by visiting your My Services Canada account. There, you can use your account to access a personalized estimate based on your work history.

You can also access the CPP benefit calculator to estimate your potential monthly payments. However, you’ll need some information to use the tool. For example, you’ll need your CPP Statement of Contributions.

How Much Will My CPP Payments Be?

Your CPP retirement pension amount is based on several factors:

• The age at which you start receiving CPP (between 60 and 70)
• How much and how long you contributed to CPP
• Your average annual earnings throughout your working life

Below is a sample breakdown of estimated monthly CPP retirement pension amounts based on age at application (assuming maximum contributions):

Note: These estimates assume the contributor paid into CPP at the maximum level for at least 39 years. Your actual amount will likely differ.

Sample Computation (Typical Case)

Let’s say you contributed to CPP for 35 years and your average lifetime earnings were about 75% of the Year’s Maximum Pensionable Earnings (YMPE). Here's how a rough estimate would work:

• Estimated monthly CPP = $1,433.00 × 75% = $1,074.75/month
• Maximum CPP at 65 = $1,433.00/month
• Your earnings ratio = 75%

Increase to the CPP in 2025

Starting in 2019, the CPP enhancement plan began to increase the income replacement rate from 25% to 33.33% of your average lifetime earnings. This means that over time, maximum payouts will significantly grow for contributors to the enhanced CPP.

In 2025, the Yearly Maximum Pensionable Earnings (YMPE) is set at $71,300, with an additional earnings threshold up to $81,200. This allows higher earners to receive increased benefits over time.

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What Are The Maximum Payouts for CPP in 2025?

In 2025, Service Canada has updated the maximum monthly and annual CPP amounts. These are the maximum possible figures for new beneficiaries who made maximum contributions during their working years.

Note: These amounts are indexed annually and reflect changes in the Consumer Price Index (CPI).

Sample Computation (Maximum Scenario)

If you worked from age 18 to 65 (47 years) and always earned above the YMPE:

• Maximum monthly CPP at age 65 = $1,433.00
• If you delay to age 70 (+42% increase):
  $1,433.00 × 1.42 = $2,040.86/month

Applying for CPP Coverage

To apply for the Canada Pension Plan (CPP), you must meet the eligibility criteria and submit an application.
You must:

• Be at least 60 years old
• Have made at least one valid contribution to the CPP

You can apply online through your My Service Canada Account or by completing a paper application and mailing it in.
It's important to apply in advance—Service Canada recommends applying at least six months before you want your pension to start.

Once your application is approved, you will begin receiving monthly payments based on the start date you selected.

When Do CPP Payments Stop?

CPP payments continue for the duration of your life. However, they will stop under certain conditions.
For example, they will stop if:

• You pass away
• You voluntarily cancel the benefit within six months of your start date
• You move outside of Canada and no longer meet eligibility criteria for specific benefits (some CPP benefits are impacted by residency status)

If you pass away, your estate may be eligible for the CPP death benefit, and survivors may qualify for other related CPP benefits, such as the survivor's pension or the children's benefit.

How to Check Your CPP Payment Status

To check your CPP payment status, you can log in to your My Service Canada Account (MSCA).
There, you can:

• View upcoming and past payment dates
• Verify the amount deposited
• Update your banking or mailing information
• Track the status of a new or existing application

Make sure your account information, especially your direct deposit details, are accurate to avoid payment delays.

Other CPP-Related Benefits

Aside from the standard retirement pension, the CPP also offers:

• CPP Post-Retirement Benefit (PRB): For those who keep working while receiving CPP and continue contributing.
• CPP Disability Benefit: For individuals under 65 who have a severe and prolonged disability.
• CPP Survivor's Pension: Paid to the surviving spouse or common-law partner of a deceased contributor.
• CPP Children's Benefit: For dependent children of disabled or deceased contributors.

Each benefit has specific eligibility rules, payment amounts, and application processes, which you can review on the Government of Canada’s official website.

Related Article

Read more about when and how to apply for CPP in this very informative article.

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