Canadian retirees and eligible recipients, take note! The Canada Pension Plan (CPP) will deliver its next monthly installment on Wednesday, August 27, 2025.
This payment, enhanced by a 2.7% increase for 2025, is part of a wider set of benefits including Old Age Security (OAS) and the Guaranteed Income Supplement (GIS)—potentially totaling over $800 per month for many individuals.
Whether you’re a seasoned contributor or just exploring Canada’s retirement landscape, this guide breaks down everything you need to know about your CPP benefits, payment amounts, schedules, and how to maximize your entitlement.
When Will You Receive the CPP August 2025 Payment?
If you are signed up for direct deposit, expect your CPP funds to be transferred into your bank account on August 27, 2025.
For those receiving cheques by mail, it’s crucial to ensure that Service Canada has your current mailing address. This is especially important as postal disruptions could cause delays.
CPP Payment Dates for Remainder of 2025
Stay organized with these confirmed CPP deposit dates:
| Month | Payment Date | Day |
|---|---|---|
| August | August 27, 2025 | Wednesday |
| September | September 25, 2025 | Thursday |
| October | October 29, 2025 | Wednesday |
| November | November 26, 2025 | Wednesday |
| December | December 22, 2025 | Monday |
CPP Increase in 2025 – What’s New?
As of January 2025, the CPP payment amount increased by 2.7%, adjusting for inflation using the Consumer Price Index (CPI).
- Maximum CPP monthly payment at age 65: $1,433
- Average CPP monthly payment: Approximately $900
This increase helps recipients stay ahead of rising costs related to essentials like food, housing, and healthcare.
Additionally, under the CPP enhancement plan launched in 2019, the income replacement rate has risen from 25% to 33.33% of your average lifetime earnings.
Understanding the Canada Pension Plan (CPP)
The CPP is a mandatory retirement income program funded through payroll deductions from employees, employers, and the self-employed.
Key Features:
- Start age: Anytime between 60 and 70 years.
- Starting at 60 reduces payments by 0.6% per month (7.2% yearly).
- Delaying until 70 increases payments by 0.7% per month (8.4% annually), up to a 42% bonus.
- Inflation Protection: Payments increase annually based on inflation.
CPP Eligibility Requirements
To qualify for CPP retirement payments, you must:
- Be at least 60 years old
- Have made at least one valid CPP contribution
Additional Notes on Eligibility
- Divorced or separated? You may split CPP credits with a former spouse, which can increase your benefit.
- Still working while receiving CPP (under 70)? You may qualify for the Post-Retirement Benefit (PRB).
- Immigrants from countries with social security agreements may count those contributions toward CPP eligibility.
How Much Will You Receive in August 2025?
Your CPP payment amount depends on:
- Your age when you begin collecting CPP.
- Your total contributions during your working years.
- Your career earnings, with the lowest 17% of earning years excluded from calculations.
| Category | Amount (Monthly) |
|---|---|
| Maximum payment (age 65) | $1,433 |
| Average monthly payment | ~$900 |
Want a personalized estimate? Use the Canadian Retirement Income Calculator or log in to your My Service Canada Account.
Additional Benefits – Boosting Income Beyond CPP
You may qualify for these extra payments in addition to CPP:
| Benefit | Monthly Amount (2025) | Notes |
|---|---|---|
| Post-Retirement Benefit (PRB) | Up to $49.39 | For working CPP recipients aged 60–70 |
| Old Age Security (OAS) | $727.67 (65–74) / $800.44 (75+) | Based on years in Canada |
| Guaranteed Income Supplement (GIS) | Up to $1,086.88 | For low-income OAS recipients (income below $22,056 for singles) |
| Survivor’s Pension | Up to $859.80 | For spouses or common-law partners of deceased contributors |
| Children’s Benefits | $301.77 (full-time) / $150.89 (part-time) | For children of disabled or deceased CPP contributors |
CPP Disability and Survivor Benefits
CPP is not limited to retirees. It also supports Canadians facing disability or the loss of a contributor:
- CPP Disability Benefit: Up to $1,673.24/month
- Post-Retirement Disability Benefit: Up to $598.49/month
- Survivor’s Pension: Up to $859.80/month
- Children’s Benefits: Up to $301.77/month
Note: If you’re eligible for multiple CPP-related benefits, these are often consolidated into one payment, and adjusted per program rules.
Living in Quebec? Here’s What to Know About QPP
Residents of Quebec contribute to the Quebec Pension Plan (QPP), which works similarly to CPP.
- QPP and CPP coordinate to ensure combined eligibility for those who’ve worked in multiple provinces.
- August 2025 QPP Payment Date: August 29, 2025
Applying for CPP Benefits – Step-by-Step
To begin receiving CPP:
- Choose a start date (anytime between 60–70)
- Apply online through My Service Canada Account for faster processing (7–14 days).
- Paper application: Available for mail or in-person submission (processing time up to 120 days).
- Required documents may include:
- Social Insurance Number
- Birth certificate
- Marriage or divorce certificates
- Apply 6–12 months early to ensure timely payments.
The August 27, 2025 CPP payment is more than just a deposit—it’s a lifeline for millions of Canadians. With a 2.7% increase, inflation protection, and opportunities to enhance income through OAS, GIS, and PRB, now is the ideal time to re-evaluate your retirement income strategy.
Whether you’re receiving the maximum amount or just starting your journey, these payments offer a reliable financial foundation to manage daily needs, save for the future, or even explore new adventures.
FAQs
Can I receive both CPP and OAS at the same time?
Yes. If you meet the eligibility criteria for both, you can receive CPP and OAS payments simultaneously.
What if I started receiving CPP early—will the 2.7% increase still apply?
Absolutely. The 2.7% increase applies to all eligible recipients, regardless of when you started receiving CPP.
What happens if I delay CPP until age 70?
Your payment increases by 0.7% per month delayed after 65—up to a 42% boost at age 70.