CPP Payment Dates For Canadian Retirees: 4 Major CPP and OAS Changes in 2025

Key Takeaways

• CPP Payment Dates 2025: Monthly deposits on the 3rd last business day (see schedule below).
• Higher Payouts: CPP +2.6%, OAS +2% to offset inflation.
• CPP Enhancement: Full rollout of 33.33% income replacement.
• OAS Clawback Threshold: Increased to $90,997.

1. 2025 CPP Payment Dates & Increased Benefits

The New Canada Pension Plan (CPP) undergoes significant updates in 2025, starting with revised payment dates and enhanced payouts.

CPP Payment Dates 2025

Month	Payment Date
January	January 28, 2025
February	February 26, 2025
March	March 27, 2025
April	April 28, 2025
May	May 28, 2025
June	June 27, 2025
July	July 29, 2025
August	August 28, 2025
September	September 26, 2025
October	October 29, 2025
November	November 27, 2025
December	December 24, 2025

Note: Payments are issued on the 3rd last business day of each month.

CPP Payout Increases

• 2025 Increase: +2.6% (vs. 2024).
• Enhanced Replacement Rate: Pre-retirement earnings coverage rises from 25% to 33.33%.
• Example: A previous $1,000/month CPP payout jumps to ~$1,333.

2. OAS Changes: Higher Payments & Clawback Threshold

Old Age Security (OAS) benefits also see adjustments:

2025 OAS Payment Rates

Age Group	Monthly Payout (2025)	Increase vs. 2024
65–74 years	$727.67	+2%
75+ years	$800.44	+2%

OAS Clawback Threshold

• 2025 Threshold: $90,997 (up from $86,912 in 2024).
• Clawback Rate: $0.15 per dollar earned above the threshold.

3. GIS Enhancements for Low-Income Seniors

The Guaranteed Income Supplement (GIS) increases monthly payments for eligible retirees:

Category	2025 Monthly Maximum
Single Seniors	$1,086.88
Couples (per person)	$654.23

Note: GIS amounts vary based on income and marital status.

4. CPP Enhancement Program: Full Implementation

Launched in 2019, the CPP Enhancement Program reaches full rollout in 2025:

• Goal: Replace 33.33% of pre-retirement earnings (up from 25%).
• Impact: Gradual increase in payouts over time.
• Funding: Additional contributions from employers and employees since 2019.

How to Supplement CPP & OAS Income

While CPP and OAS hikes help, retirees should diversify income streams. Here’s a top pick for 2025:

Canadian Natural Resources (TSX:CNQ)

• Dividend Yield: 4.8% (as of 2025).
• Growth: $1,000 invested in 1995 = $104,000+ with dividends reinvested.
• 2025 Budget:
• Production Target: 1.51–1.55M barrels/day (+12% YoY).
• Capital Allocation: $6B (focus on oil sands and natural gas).
• Reserves: Largest proven reserves in Canada (33-year reserve life).

Why Invest?

• Stable cash flows from diversified energy mix (crude, SCO, natural gas).
• 24+ years of dividend growth (payouts up from $0.03 in 2001 to $2.10 in 2025).

2025 CPP Payment Schedule Explained

CPP payments follow a fixed schedule, deposited directly into your bank account. Key reminders:

• Taxes: CPP/OAS are taxable; plan withholdings accordingly.
• Delays: Contact Service Canada if payments are late.
• Non-Residents: Payments continue if you live abroad.

Why Every Canadian Needs Personal Accident Insurance: Protect Yourself from Life’s Unexpected Twists

FAQs: CPP, OAS, and GIS in 2025

1. What are the CPP payment dates for 2025?

Deposits hit accounts on the 3rd last business day of each month (see table above).

2. How much will CPP increase in 2025?

By 2.6%, with enhanced income replacement up to 33.33%.

3. What is the OAS clawback threshold for 2025?

$90,997. Earnings above this reduce OAS by $0.15 per dollar.

4. Are GIS payments increasing in 2025?

Yes—single seniors receive up to $1,086.88/month.

5. Should I invest in dividend stocks like CNQ?

Yes, to supplement fixed incomes. CNQ offers growth and high yields.

Conclusion

The 2025 updates to CPP, OAS, and GIS provide modest relief against inflation, but proactive planning is essential. Pair government benefits with dividend stocks like Canadian Natural Resources to build a resilient retirement portfolio.

For more retirement planning tips, visit The Motley Fool Canada.