CPP payment dates 2026
The complete 2026 Canada Pension Plan payment schedule. Save it or add every date to your calendar in one click.
IndependentFreeNo sign-upSources: Government of Canada
| Month | Payment date |
|---|---|
| January | |
| February | |
| March | |
| April | |
| May | |
| June | |
| July | |
| August | |
| September | |
| October | |
| November | |
| December |
Add all 2026 dates to calendar (.ics)
Source: Government of Canada benefit payment dates. Bank posting times can vary.
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2026 CPP payment amounts
| Amount | Monthly (age 65) |
|---|---|
| Maximum | $1,507.65 |
| Average for new beneficiaries | $925.35 |
Effective January 2026, at age 65. Reaching the maximum requires close to 39 years of contributions at or above the year's maximum pensionable earnings, which is why most retirees receive an amount closer to the average. Starting earlier than 65 reduces your payment; starting later increases it — see theCPP calculator for your own age-adjusted estimate. Source: Government of Canada — Canada Pension Plan: Pensions and benefits monthly amounts, January 2026.
How the payment date is set
Both CPP and OAS pay out on the third-last banking day of the month — a fixed rule Service Canada applies every month, so the 2026 dates above are known in advance rather than announced individually. "Banking day" means a weekday; when the third-last weekday would land awkwardly around a long weekend the schedule still follows the same count-back rule.
Direct deposit vs. cheque
Direct deposit is faster and more reliable: funds usually land in your account on the scheduled date shown above. A mailed cheque follows the same payment date but then depends on Canada Post, so it can take several additional business days to arrive — and longer around holidays. You can switch to direct deposit any time through your My Service Canada Account or by phone with Service Canada.
Receiving both CPP and OAS
If you receive both benefits, they are deposited on the same date each month but as two separate line items — CPP and OAS are administered together but paid as distinct amounts, not combined into one deposit. See the full OAS payment dates schedule for the Old Age Security side.
Frequently asked questions
When is the next CPP payment date?
CPP payments are made monthly, on the third-last banking day of the month. Use the official 2026 table above; the exact date depends on today's date and your bank's posting time.
Are CPP and OAS paid on the same day?
Yes. In 2026, the Government of Canada schedule lists CPP and OAS payments on the same dates each month — they still arrive as two separate deposits (or two separate cheques) if you receive both.
Why is my payment late?
Direct deposit usually lands on the scheduled date, but your bank’s own processing can add a business day or two. A mailed cheque can take longer, especially around holidays. If a payment is more than a few business days late, check your My Service Canada Account or contact Service Canada — Pensora cannot view or change your benefit account.
When does my first CPP payment arrive?
Your first payment is not tied to this monthly calendar — it arrives roughly 1–3 months after Service Canada approves your application, then future payments follow the standard schedule shown above.
Is CPP taxed at the source?
CPP counts as taxable income. Service Canada only withholds tax if you specifically request voluntary tax deduction; otherwise you’re responsible for the tax owed, often through quarterly instalments.
This calculator is for educational purposes only and is not financial, tax, or legal advice. Pensora is independent and not affiliated with the SSA, the IRS, or any government agency. For decisions about your own situation, consider a licensed financial advisor.