According to the number of youtube channels and other unofficial resources we got an update that Canada Pension Plan and Old Age Security are set to release More Money For Retirees From April 2025. There are no official numbers disclosed related to its monthly payment so you have to wait till the CRA will come with their official numbers. In this blog you will get a close look at CPP and OAS monthly payment dates, CPP & OAS Eligibility Criteria 2025, amount, procedure to apply, fact checks and so on.
More Money For Retirees From April 2025
Two important government initiatives in Canada that are intended to give financial help are Old Age Security and Canada Pension Plan. All Canadians citizens sixty five years of age and older who fulfill residence conditions are eligible for OAS, a universal benefit paid for by general tax resources. In order to keep Cost Of Living and inflation down, the CPP and OAS beneficiaries will get More Money For Retirees From April 2025.
If we are talking about the Canada Pension Plan that’s a contributing scheme which is financed by payroll deduction made by the employer.In simpler words we can say that candidates have to contribute a sum of an amount from your income and that you will get back in your retirement age. For qualified contributions, it offers retirement, disability as well as survivors benefits.To get the benefits under CPP program candidate minimum age just be sixty years old. To improve retirement security the CPP regularly improved rest information you will get below mentioned points so be with us and keep reading.
CPP & OAS Payment Increase 2025
| About | CPP & OAS Payment Increase 2025 |
| Year | 2025 |
| Country | Canada |
| Department | CRA |
| Month | April |
| Amount To Be Increase | Check Online |
| Name Of Benefit | CPP and OAS |
| Benefit For | Canadian Retirees |
| Age Required | For CPP 60For OAS 65 |
| Mode Of Payouts | Direct Deposits or Paper Checks |
| Durations | Monthly |
| Category | Finance |
| Official Portal | www.canada.ca |
CPP & OAS Eligibility Criteria 2025
Check the CPP & OAS Eligibility Criteria 2025 through the points below.
| Category | OAS | CPP |
| Age | 65 | 60 |
| Nationality | Canadian | Canadian |
| Income | Low To Moderate | Low To Moderate |
| For Non Candians | At least 10 Years Stay | At least 10 Years Stay |
CPP & OAS Payout Dates 2025
Check the CPP & OAS Payout Dates 2025 through the table below.
| Month Name | CPP Payment Dates | OAS Payment Dates |
| January | 29 | 29 |
| February | 26 | 26 |
| March | 27 | 27 |
| April | 28 | 28 |
| May | 28 | 28 |
| June | 26 | 26 |
| July | 29 | 29 |
| August | 27 | 27 |
| September | 25 | 25 |
| October | 29 | 29 |
| November | 26 | 26 |
| December | 22 | 22 |
New CPP & OAS Pension Amount 2025
| Category | Previous Amount | New CPP & OAS Pension Amount 2025 |
| CPP | $69,700 annually | $79,400 annually |
| OAS | $727.67 monthly | $800.44 monthly |
Disclaimer: Whatever we say in this post that are based on a number of facts only we are not confirmed yet about these. So we suggest you check the CRA official website where you can easily get the most up to date data.
Process To Claim More Money For Retirees From April 2025
Instructions below will help you to Claim More Money For Retirees From April 2025.
How to submit an Old Age Security (OAS) application
- A notification letter and automatic enrollment in OAS are sent to certain eligible seniors. An application is needed if enrollment is not automatic.
- Make sure you fulfill the residency and age criteria (65 years old).
- If necessary, apply online using your My Service Canada Account (MSCA) or send Service Canada a paper application (OAS form ISP-3550).
- Due to the several weeks it takes to process applications, it is best to apply six months before turning 65.
- OAS payments are put straight into your bank account each month if they are authorized.
The Canada Pension Plan (CPP) Application Process
- Although you can apply for CPP as early as age 60, the monthly payout doubles if you wait until you are 70. Throughout your working years, you had to have made contributions to CPP.
- Apply online through MSCA or submit the CPP retirement pension application (ISP-1000) to Service Canada.
- This includes your Social Insurance Number (SIN) and your financial details for direct deposit.
- The amount of your monthly CPP payments is determined on your age at application and the contributions you made.
Fact Check
Due to the lack of a CPI increase, OAS payments as of April 2025 remained constant at $727.67 for seniors 65–74 and $800.44 for those 75 and beyond. Concurrently, the CPP is being improved by increasing the maximum pensionable earnings by 14% between 2024 and 2025, improving the earnings replacement rate to 33.33%, and hiking the contribution rate to 5.95%. The goal of these adjustments is to gradually increase CPP benefits. However, the impact depends on individual contributions. Future inflation trends will determine how OAS is adjusted going forward.
FAQs On More Money For Retirees From April 2025
In 2025, what will be the highest CPP retirement pension?
Approximately $1,364.60 a month.
When can I begin taking CPP?
Either as late as 70 (with a rise) or as early as 60 (with a decrease).
Is CPP required for all employees?
Yes, for both self-employed people and staff.
What would happen if I put off my CPP till I’m 70?
The annual rise in benefits is 8.4%.
When I pass away, will my spouse receive my CPP?
The CPP Survivor’s Pension can be awarded to them.