In 2025, Canadian seniors can receive up to $1,700 per month through a combination of Canada Pension Plan (CPP) and Old Age Security (OAS) benefits.
These government programs are vital sources of retirement income for millions of Canadians and are indexed to inflation to help offset rising living costs.
If you’re nearing retirement or supporting someone who is, understanding how to qualify, maximize benefits, and apply for these payments can significantly improve long-term financial stability.
What Is the Canada Pension Plan (CPP)?
The Canada Pension Plan (CPP) is a government-mandated retirement income program funded through contributions from workers and employers. You contribute throughout your career, and in retirement, you receive monthly payments based on your contributions.
CPP Eligibility Criteria:
- Must be at least 60 years old
- Must have made at least one valid contribution
- Payment amount depends on how much and how long you contributed
CPP Payment Amounts in 2025
| Payment Type | Amount (Monthly) |
|---|---|
| Maximum (Age 65) | $1,433.00 |
| Average CPP Payment | $899.67 |
CPP amounts are adjusted annually based on the Consumer Price Index (CPI).
When to Start CPP:
- Start at age 60: Up to 36% reduction
- Start at age 70: Up to 42% increase
Your ideal start age depends on personal factors like life expectancy, employment status, and other income sources.
What Is Old Age Security (OAS)?
Old Age Security (OAS) is a separate monthly payment funded by general tax revenue. It doesn’t require employment history or contributions but is based on residency in Canada.
OAS Eligibility Criteria:
- Must be 65 years or older
- Must have lived in Canada for at least 10 years after age 18
- May still qualify if living abroad and Canada has a social agreement with that country
OAS Payment Amounts in 2025
| Age Group | Monthly Payment |
|---|---|
| Ages 65–74 | $727.67 |
| Ages 75+ | $800.44 |
Like CPP, OAS benefits are indexed quarterly to match inflation.
Total Combined Benefit: Up to $1,700
Seniors receiving maximum CPP and OAS can receive a combined $1,700+ per month, depending on eligibility and contribution history.
How to Apply for CPP and OAS in 2025
Online Application:
- Go to Service Canada
- Log in or create a My Service Canada Account
- Select CPP or OAS application
- Upload necessary documents (e.g., ID, banking details)
- Submit and track your application status
By Mail:
- Download the relevant form from the Service Canada website
- Fill it in completely
- Mail it to your nearest Service Canada office
- Wait 6–12 weeks for approval
CPP and OAS 2025 Payment Dates
| Month | Payment Date |
|---|---|
| April | April 28, 2025 |
| May | May 29, 2025 |
| June | June 26, 2025 |
Ensure your bank account and contact information are up to date to avoid delays.
Taxation and OAS Clawback
Both CPP and OAS are taxable. If your annual income exceeds $90,000+, a portion of your OAS may be recovered through the OAS Clawback (Recovery Tax).
Tips to Minimize Tax Impact:
- Consider income splitting with a spouse
- Use Tax-Free Savings Accounts (TFSAs) instead of RRSPs to reduce taxable income
- Plan withdrawals carefully to stay below income thresholds
Additional Support Programs for Seniors
Besides CPP and OAS, seniors may qualify for:
- Guaranteed Income Supplement (GIS) – For low-income OAS recipients
- Allowance and Allowance for the Survivor – For spouses or widows aged 60–64
- Provincial Top-Ups – Additional payments offered by some provinces
With up to $1,700 per month available through CPP and OAS in 2025, Canadian seniors have access to crucial retirement income support.
By understanding eligibility rules, payment schedules, and how to apply through Service Canada, you can make informed decisions to secure your financial future.
Stay proactive—update your information, apply on time, and explore supplementary benefits like GIS to maximize what you’re entitled to.
FAQs
Can I receive both CPP and OAS together?
Yes, if you meet eligibility criteria for both programs, you can receive combined monthly payments.
Is CPP automatically deposited?
Yes, payments are automatically deposited into your bank account on scheduled dates once approved.
Will CPP or OAS increase in 2025?
Yes, both benefits are indexed to inflation, and increases are typically announced in January, April, July, and October.