Millions of Canadian retirees receive two important government payments each month: the Canada Pension Plan and Old Age Security. Together, CPP and OAS payments in Canada provide a basic source of retirement income. However, the amount most seniors receive is often much lower than the advertised maximum. Actual payments depend on contribution history, earnings, age, residency and … Read more
Old Age Security payments will increase in July 2026 as the federal government adjusts benefits to reflect changes in the cost of living. OAS benefits will rise by 1.2% for the July-to-September quarter. This brings the total increase between July 2025 and July 2026 to 2.3%. Eligible Canadians will receive the higher amounts with their … Read more
Canada Pension Plan and Old Age Security payments for June 2026 were issued on Friday, June 26. Canadians receiving payments through direct deposit should see the money deposited automatically. Payments sent by mailed cheque may take additional time to arrive. The next CPP and OAS payment date is Wednesday, July 29, when eligible OAS recipients … Read more