The Canada Pension Plan (CPP) is delivering its latest round of payments on July 29, 2025, across the country.
This payout is timely and crucial, especially with inflation still affecting the cost of living. With a 2.7% increase to monthly amounts in 2025, Canadian retirees can expect slightly more support this summer.
In addition to Canada Pension Plan, eligible individuals may receive up to $800 extra through Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Post-Retirement Benefits (PRB).
When Are CPP Payments Scheduled for July 2025?
Canada Pension Plan recipients should mark their calendars for Tuesday, July 29, 2025. Those who have registered for direct deposit will see the money automatically transferred into their bank accounts.
Those receiving payments by cheque should ensure their mailing address is current with Service Canada to avoid delays.
CPP 2025 Payment Schedule
| Month | Payment Date |
|---|---|
| July | July 29, 2025 |
| August | August 28, 2025 |
| September | September 25, 2025 |
| October | October 29, 2025 |
| November | November 27, 2025 |
| December | December 23, 2025 |
CPP Payments Increased by 2.7% in 2025
In January 2025, CPP payments were raised by 2.7%, aligning with the Consumer Price Index (CPI).
This annual adjustment ensures that pensioners can better manage rising prices for necessities like groceries, rent, utilities, and healthcare.
- Maximum monthly CPP at age 65: $1,433
- Average monthly Canada Pension Plan: Approximately $900
- Annual increase in average payment: ~$24 per month
CPP Eligibility: Who Can Receive It?
To qualify for Canada Pension Plan retirement benefits, individuals must:
- Be at least 60 years old
- Have made at least one valid CPP contribution
Whether through employment or self-employment, if you’ve seen deductions on your pay stubs, you’ve been contributing to your Canada Pension Plan account.
You can start collecting as early as age 60 or delay up to age 70 to increase your monthly payments.
Extra Monthly Benefits You Might Qualify For
If you’re eligible for CPP, you could also receive the following additional payments, bringing your total monthly income up to $800 more.
| Benefit | Monthly Amount (2025) | Eligibility |
|---|---|---|
| Old Age Security (OAS) | Up to $800.44 | Canadians 65+ with 10+ years residency |
| Guaranteed Income Supplement (GIS) | Up to $1,086.88 | Low-income OAS recipients |
| Post-Retirement Benefit (PRB) | Up to $49.39 | Canada Pension Plan recipients working between 60–70 |
| Survivor’s Pension | Up to $859.80 | Spouse/common-law partner of deceased Canada Pension Plan contributor |
| Children’s Benefit | $301.77 (full-time) / $150.89 (part-time) | Child of deceased/disabled CPP contributor |
Understanding CPP Contributions and Payouts
CPP is funded jointly by workers and employers. If you are employed or self-employed, your contributions help build future retirement security. The amount you receive from Canada Pension Plan depends on:
- Age you start collecting (earlier = less, later = more)
- How long you contributed
- Total lifetime earnings
The lowest 17% of your earnings years are dropped when calculating your average, accounting for time off work due to child-rearing or unemployment.
Applying for CPP Payments: A Quick Guide
To receive Canada Pension Plan, you must apply. Here’s how:
- Apply online through My Service Canada Account for faster processing (7–14 days)
- Paper application can take up to 120 days
- Submit your application 6–12 months before you want payments to begin
- Required documents may include SIN, birth certificate, or marriage certificate
Quebec Residents: You Receive QPP Payments
Residents of Quebec receive QPP (Quebec Pension Plan) instead of CPP. It works similarly and also pays monthly. QPP payments for July 2025 are scheduled to arrive on July 31.
The July 29 Canada Pension Plan payment is more than just a date on the calendar—it’s part of a broader strategy to support Canadian seniors through rising costs and economic uncertainty.
With the 2.7% increase in 2025, enhanced OAS and GIS benefits, and a commitment to inflation protection, these payments play a vital role in maintaining financial security in retirement.
If you’re a retiree, near retirement, or supporting a family member who is, staying informed and proactive about Canada Pension Plan and related benefits is key.
These programs are designed not only to provide income but also to offer dignity, peace of mind, and stability.
FAQs
When will the CPP payment arrive in July 2025?
The next Canada Pension Plan payment is scheduled for Tuesday, July 29, 2025. Direct deposit recipients will receive it the same day.
How much is the maximum CPP benefit in 2025?
The maximum monthly Canada Pension Plan payment at age 65 is $1,433. However, the average retiree receives about $900 per month.
Can I still work and receive CPP benefits?
Yes, you can continue working while receiving Canada Pension Plan. If you’re under 70, you may qualify for Post-Retirement Benefits (PRB), which can increase your income.