Canada Pension Plan 2025- $1,433 Monthly Payment Dates And Eligibility Explained

The Canada Pension Plan (CPP) offers monthly retirement payments to eligible Canadians who have contributed to the plan during their working years.

In 2025, the maximum CPP retirement pension at age 65 has risen to $1,433 per month. Payments are made monthly on official dates established by the government.

CPP 2025 payment dates

Here are the official CPP payment dates for 2025. Funds are typically deposited via direct deposit on these days (cheque payments may arrive slightly later):

Month	2025 CPP Pay Date
January	January 29
February	February 26
March	March 27
April	April 28
May	May 28
June	June 26
July	July 29
August	August 27
September	September 25
October	October 29
November	November 26
December	December 22

How much can you get in 2025?

• Maximum at age 65: $1,433.00/month.
• Average for new beneficiaries around age 65: approximately $848/month.

These amounts depend on how much you contributed, for how long you contributed, and the age at which you begin collecting your pension.

Starting early or delaying

• If you begin receiving CPP at age 60, your monthly amount will be reduced (by 0.6% for every month before 65).
• If you delay receiving CPP past age 65 up to age 70, your monthly payment will be increased (by about 0.7% per month of delay).
  Delaying can result in significantly higher monthly payments, although you will have fewer years of payments.

CPP eligibility (simple checklist)

To qualify for the CPP retirement pension:

• You must be at least 60 years old.
• You must have made at least one valid contribution to the CPP (from work in Canada).
  Payments are not automatic—you must apply to start receiving them.

What determines your personal amount?

Your CPP payment is calculated based on:

• How much you contributed and for how long.
• Your average earnings during your working years.
• The age you start receiving the pension (earlier → lower payment; later → higher payment).
• Enhanced CPP rules in place since 2019 add further benefit for those who contribute over many years under higher earnings.

Contribution context for planning

• For example, in 2025 the maximum pensionable earnings (the highest amount of earnings on which contributions count) is around $71,300.
• The basic exempt amount is $3,500—you don’t contribute CPP on the first $3,500 of your earnings each year.
• Contribution rates for employees are higher than they were, and self-employed persons pay both the employer and employee portions.

How to get your CPP smoothly

• Apply for your CPP retirement pension online (through your account) or via paper application.
• Opt for direct deposit so your payment arrives automatically on the official payment dates.
• If you continue working while receiving CPP (and you’re under age 70), your additional contributions may give you a post-retirement benefit to increase your income.

The CPP in 2025 remains a key source of retirement income for working Canadians.

With the maximum monthly pension now $1,433 (for age 65 with full contribution history), many will receive less—but you can influence your amount through contributions, timing of claim, and earnings.

Plan early, know the payment dates, and apply ahead of time so your pension begins when you’re ready.

FAQs