CPP (Canada Pension Plan) retirement benefits are paid monthly, deposited on the third-to-last business day of each month. If you have direct deposit set up through My Service Canada Account, the money typically clears on the deposit date. Cheques by mail can take several additional business days.
2026 CPP Payment Schedule
| Month | CPP Payment Date |
|---|---|
| January 2026 | January 27, 2026 |
| February 2026 | February 26, 2026 |
| March 2026 | March 27, 2026 |
| April 2026 | April 28, 2026 |
| May 2026 | May 27, 2026 |
| June 2026 | June 26, 2026 |
| July 2026 | July 29, 2026 |
| August 2026 | August 27, 2026 |
| September 2026 | September 29, 2026 |
| October 2026 | October 28, 2026 |
| November 2026 | November 26, 2026 |
| December 2026 | December 22, 2026 |
Note: December payment is issued earlier to avoid the holiday period.
How Much Is the CPP Payment in 2026?
CPP benefit amounts depend on your contribution history — how long you contributed and how much you earned. The 2026 figures are:
| Benefit Type | Maximum Monthly Amount | Average Monthly Amount |
|---|---|---|
| CPP retirement (age 65) | $1,433.00 | ~$808 |
| CPP retirement (age 60, maximum reduction) | $1,002.10 | ~$565 |
| CPP retirement (age 70, maximum increase) | $2,034.86 | ~$1,147 |
| CPP post-retirement benefit | Up to $40.50/month additional | Varies |
| CPP disability benefit | $1,673.24 maximum | ~$1,100 |
| CPP survivor benefit (under 65) | $739.31 maximum | Varies |
| CPP survivor benefit (65 and over) | $859.80 maximum | Varies |
| CPP death benefit (lump sum) | $2,500 | $2,500 |
| CPP children’s benefit | $294.12/month per child | Fixed |
CPP2 enhancement: If you also contributed under the CPP2 second additional plan (introduced in 2024 for high earners), a separate monthly CPP2 retirement benefit will be paid in addition to the above.
How to Find Your Specific CPP Estimate
The CPP amounts above are maximums and averages. Your actual payment depends on your individual contribution history. To find your personalized estimate:
- Log in to My Service Canada Account at canada.ca/my-service-canada-account
- Go to “Canada Pension Plan / Old Age Security”
- View your Statement of Contributions — this shows every year you contributed and the amounts
- Your estimated monthly CPP benefit at ages 60, 65, and 70 is displayed in this section
If you do not have a My Service Canada Account, you can request a mailed Statement of Contributions by calling Service Canada at 1-800-277-9914.
How CPP Payments Are Made
Direct Deposit (Recommended)
Direct deposit is the fastest and most reliable way to receive CPP. To set up or update direct deposit:
- Log in to My Service Canada Account
- Go to “Banking information”
- Enter your bank’s transit number, institution number, and account number
- Changes take effect within 1–2 payment cycles
Cheque by Mail
If you have not set up direct deposit, Service Canada mails a cheque to your address on file. Allow 5–10 business days from the payment date for delivery. Cheques are issued in CAD unless you have arrangements for foreign currency (for recipients living abroad).
Living Outside Canada
CPP recipients living outside Canada can receive payments by direct deposit to a foreign bank account in many countries. Some countries have tax treaties with Canada that affect how CPP is taxed locally — check with your country’s tax authority.
What Happens to CPP Payments When You Die?
CPP payments stop the month after death. The estate or spouse may be entitled to:
- CPP death benefit: A lump sum of $2,500 paid to the estate (claim using Form ISP1200)
- CPP survivor benefit: A monthly benefit paid to the surviving spouse or common-law partner (reduced if they already receive their own CPP retirement benefit)
- CPP children’s benefit: Paid to dependent children under 18 (or under 25 if in full-time education)
Notify Service Canada promptly after a death to avoid overpayments that must be repaid.
OAS Payment Dates 2026
Old Age Security (OAS) and CPP are paid on the same monthly schedule. If you receive both, both arrive on the same deposit date. See OAS Payment Amounts and Dates 2026 for OAS-specific amounts and eligibility.
Related CA Retirement Resources
- OAS Payment Amounts and Dates 2026 — OAS deposit schedule and payment amounts
- CPP vs OAS: Understanding the Difference — how the two programs differ
- CPP Guide 2026 — how CPP works, contribution rates, and how your benefit is calculated
- OAS Clawback Guide — the OAS recovery tax and how to minimize it
- CPP and OAS Hub — all CPP and OAS guides
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