As 2025 begins, millions of Canadians are gearing up to receive their monthly Canada Pension Plan (CPP) benefits. With increases in payment amounts and changes in contribution rates, understanding what you’re eligible for — and when you’ll get paid — is more important than ever.
The maximum monthly CPP benefit for new retirees in 2025 is $1,365, but not everyone will receive this amount.
Whether you’re newly retired or planning ahead, here’s a breakdown of eligibility, payment schedules, and what determines how much you’ll actually get.
What Is CPP and Who Qualifies?
The Canada Pension Plan is a monthly taxable benefit designed to replace part of your income when you retire. To be eligible, you must:
- Be at least 60 years old
- Have made at least one valid contribution to CPP during your working years
The CPP applies to workers in all provinces and territories except Quebec, which has its own plan. Once you qualify, you can choose to start receiving benefits at any time between age 60 and 70.
However, the timing of when you start receiving your pension has a direct impact on your monthly payment amount.
How Much Will You Get?
While the maximum monthly amount for those retiring at 65 in 2025 is $1,365, the average monthly CPP payment is around $779.
This amount varies based on your contribution history, average lifetime earnings, and the age you begin receiving payments. Starting earlier than 65 reduces your payments, while delaying increases them.
Payment Dates for CPP in 2025
CPP payments are issued once a month, usually on the third-to-last business day of the month. Below is the payment schedule for 2025:
| Month | Payment Date |
|---|---|
| January | January 29 |
| February | February 26 |
| March | March 27 |
| April | April 28 |
| May | May 28 |
| June | June 26 |
| July | July 29 |
| August | August 27 |
| September | September 25 |
| October | October 29 |
| November | November 26 |
| December | December 22 |
Make sure you’ve registered for direct deposit through your My Service Canada Account to receive your payments without delay.
Factors That Impact CPP Amounts
Several key elements affect how much you’ll receive each month:
- Contribution History: The more you earned and contributed during your working life, the higher your benefit.
- Start Age: Starting at 60 can reduce your benefit by up to 36%, while delaying until 70 can increase it by as much as 42%.
- Post-Retirement Contributions: If you continue to work while receiving CPP and are under 70, you can still contribute and boost your monthly payments.
How to Apply for CPP Benefits
To begin receiving your CPP payments, you must apply — they don’t start automatically. You can apply:
- Online via your My Service Canada Account
- By mail with a completed CPP application form
The application process takes time, so it’s recommended to apply 6 months before you want your pension to begin.
The $1,365 CPP benefit available in 2025 offers meaningful financial support for Canadians entering retirement. Knowing your eligibility, how your benefits are calculated, and the exact payment dates can help you plan ahead with confidence.
Whether you’re just turning 60 or deferring to get a higher monthly amount, understanding the CPP system ensures you get every dollar you’re entitled to.
FAQs
Who qualifies for the $1,365 CPP benefit in 2025?
Only those who contributed the maximum to CPP throughout their working life and begin collecting at age 65 are eligible for the full $1,365.
Can I receive CPP and still work?
Yes. If you’re under 70 and continue working, you can also continue contributing to CPP and increase your pension through the Post-Retirement Benefit (PRB).
Is CPP payment automatic after retirement?
No. You must apply for CPP benefits; they do not start automatically, even if you meet the age or contribution requirements.