As April 2025 arrives, numerous Canadian seniors will be receiving combined monthly payments of as much as $1,550 from the Canada Pension Plan (CPP) and Old Age Security (OAS). These critical government benefits help retirees and those moving into retirement with some money in their pockets.
If you’re not sure if you’re eligible or what to anticipate in April, this guide outlines the eligibility requirements, payment levels, and dates for both programs.
CPP and OAS Combined Benefits in April 2025
Depending on your age and work history, you might be eligible for one or both programs. Here’s a quick summary of maximum payouts:
| Benefit | Age Range | Maximum Monthly Payment (CAD) |
|---|---|---|
| CPP Retirement Pension | 65 and above | Up to $1,433.00 |
| OAS (ages 65–74) | 65–74 | Up to $727.67 |
| OAS (75 and over) | 75+ | Up to $800.44 |
What Is CPP?
The Canada Pension Plan (CPP) offers monthly retirement income to workers who contributed. Your payment is determined by how long and how much you contributed.
- Maximum for new retirees in 2025: Up to $1,433/month
- Average CPP payment: Generally around $900/month
- Minimum eligibility age: 60, but beginning at 65 provides the standard rate.
Early/late retirement effect: Canada Pension Plan early decreases your payment; delaying beyond 65 increases it.
What Is OAS?
Old Age Security (OAS) is a distinct monthly payment for seniors aged 65 and older, paid for out of general tax revenue. It does not depend on your work record.
- Ages 65–74: Up to $727.67/month
- Ages 75 and older: up to $800.44/month
- OAS claw back: payments are reduced if your income is above a set annual amount.
- Medi Save option: low-income seniors are also eligible for additional benefits such as GIS (Guaranteed Income Supplement).
Who’s Eligible?
CPP Eligibility:
- At least 60 years of age
- At least one valid contribution to your working lifetime
- Must apply Canada Pension Plan is not automatic.
OAS Eligibility:
- 65 years and older
- Must be a resident or citizen of Canada.
- Must have been in Canada for 10 years or more since the age of 18.
- More income could lower your OAS payment based on income limits.
April 2025 Payment Date
The planned date for both CPP and OAS payments this month is
April 29, 2025
If you are receiving direct deposit, you will receive your money the same day. Individuals who are getting payments via check may be delayed because of the mail delivery time.
How to Apply
If you are not already receiving CPP or OAS, here is how to apply:
- Online: Log in to your account for government benefits and complete your application.
- Paper form: Mail a completed application form to the appropriate regional processing center.
- Ensure your direct deposit information is up to date for timely payments.
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Remember, CPP requires an application even if you’re eligible. OAS may be automatic, but not in all cases check your status if you’re turning 65 soon. With a potential $1,550 payout this April, the CPP and OAS programs continue to offer reliable income for Canada’s seniors.
Whether you’re already receiving your benefits or just becoming eligible, it’s essential to stay informed, ensure your details are current, and maximize your entitlements. April is a great time to review your retirement plan and take full advantage of the benefits you’ve earned.
FAQs:-
When will the $1,550 payment be deposited?
The deposit is scheduled for April 28, 2025, to eligible recipients’ bank accounts.
Who is eligible for the $1,550 CPP and OAS payment in April 2025?
Eligibility is based on your age, contribution history (CPP), and residency (OAS). You must be 60+ for CPP and 65+ for OAS.
How can I check my CPP and OAS payment status?
Log into your My Service Canada Account (MSCA) to track your benefit details.
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