As April 2025 unfolds, Canadian seniors are set to receive their monthly Old Age Security (OAS) and Canada Pension Plan (CPP) payments.
For eligible individuals, these combined benefits can amount to up to $1,546 this month.
This guide provides a comprehensive overview of the payment amounts, eligibility criteria, and important dates to ensure you receive your entitled benefits.
April 2025 Payment Schedule
Both OAS and CPP payments are scheduled for Monday, April 2025. Recipients who have enrolled in direct deposit can expect the funds to be available in their bank accounts on this date.
Understanding OAS and CPP Payments
Old Age Security (OAS)
The OAS pension is a monthly payment available to seniors aged 65 and older who meet specific residency requirements. The payment amounts for April 2025 are as follows:
- Ages 65–74: Up to $727.67 per month
- Ages 75 and over: Up to $800.44 per month
These amounts are reviewed quarterly and adjusted based on the Consumer Price Index to reflect cost-of-living increases.
Canada Pension Plan (CPP)
The CPP provides retirement income based on contributions made during an individual’s working years. The payment amounts for April 2025 are:
- Maximum monthly payment at age 65: Up to $1,433.00
- Average monthly payment for new beneficiaries: Approximately $899.67
Actual payment amounts depend on factors such as the total contributions made and the age at which you start receiving benefits.
Combined OAS and CPP Payments
Eligible seniors receiving the maximum amounts for both OAS and CPP can expect a combined monthly payment of up to $2,233.44 in April 2025.
However, the average combined payment is typically lower, depending on individual contribution histories and eligibility.
Eligibility Criteria
Old Age Security (OAS)
To qualify for OAS:
- Age: Must be 65 years or older
- Residency: Must have lived in Canada for at least 10 years after turning 18
- Legal Status: Must be a Canadian citizen or legal resident at the time of application
Individuals who have lived in Canada for less than 40 years after age 18 may receive a partial OAS pension, calculated based on the number of years of residency divided by 40.
Canada Pension Plan (CPP)
To qualify for CPP:
- Age: Must be at least 60 years old
- Contributions: Must have made at least one valid contribution to the CPP during your working life.
The amount you receive depends on your total contributions and the age at which you start receiving the pension.
Payment Overview Table
| Benefit Type | Age Group | Maximum Monthly Amount (April 2025) |
|---|---|---|
| OAS | 65–74 | $727.67 |
| OAS | 75+ | $800.44 |
| CPP | 65 | $1,433.00 |
| CPP | Average | $899.67 |
Application Process
Old Age Security (OAS)
- Automatic Enrollment: Some individuals are automatically enrolled and will receive a notification letter.
- Manual Application: If not automatically enrolled, you can apply online through your My Service Canada Account or by submitting a paper application.
Canada Pension Plan (CPP)
- Application Required: CPP benefits are not automatic. You must apply online via your My Service Canada Account or by completing and mailing the application form.
Tips to Maximize Benefits
- Delay OAS Payments: Delaying OAS payments past age 65 can increase your monthly pension by 0.6% for each month delayed, up to a maximum of 36% at age 70.
- Monitor Income Levels: Be aware of the OAS Recovery Tax, which requires repayment of part or all of your OAS pension if your annual income exceeds $86,912.
- Consider GIS: Low-income seniors may be eligible for the Guaranteed Income Supplement (GIS), providing additional non-taxable monthly income.
Understanding the details of your OAS and CPP benefits is crucial for effective financial planning in retirement.
With the April 2025 payments scheduled for April 28, ensure your information is up to date and that you’ve applied for all benefits you’re eligible for.
By staying informed and proactive, you can maximize your retirement income and enjoy greater financial security.
FAQs
When will I receive my OAS and CPP payments in April 2025?
Payments are scheduled for Monday, April 2025. If you’re enrolled in direct deposit, funds should be available in your account on that date.
How do I apply for OAS and CPP benefits?
You can apply online through your My Service Canada Account or by submitting a paper application. Note that CPP requires an application, while some individuals may be automatically enrolled in OAS.
Am I eligible for the Guaranteed Income Supplement (GIS)?
If you’re receiving OAS and have a low income (e.g., less than $22,056 annually for single individuals), you may qualify for GIS. It’s a non-taxable benefit that provides additional monthly income.