CPP and OAS payments rise in late January: how much you'll get and how to claim it
Canada Pension Plan and Old Age Security monthly amounts increase in January 2026. Here are the new rates, who qualifies and how to check or apply.
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By Torontoer Staff
Eligible Canadians will receive higher Canada Pension Plan and Old Age Security payments at the end of January 2026. The government will issue CPP payments on Wednesday, Jan. 28; OAS payments follow the usual monthly schedule.
The increases affect maximum and average payments, and they apply automatically to recipients who meet eligibility rules. If you are near retirement or already receiving benefits, review the new amounts and check your banking details so payments arrive without delay.
What changed for CPP
The maximum monthly CPP payment at age 65 has risen from $1,433 to $1,507.65 as of January 2026. The CPP is a monthly, taxable government benefit that replaces part of eligible Canadians' income when they retire and is a payment they receive for the rest of their lives, according to the Government of Canada.
New beneficiaries aged 65 are receiving an average monthly CPP payment of $803.76 as of October 2025. That figure is lower than the average of $899.67 reported in October 2024, reflecting differences in contribution histories among recent claimants.
You must have made at least one valid contribution to the CPP and be at least 60 years old to start receiving a CPP retirement pension. You can continue to work and receive a full pension if you are under 70, and making CPP contributions after you start receiving the pension can increase your monthly amount.
What changed for OAS
Old Age Security payments have also increased for 2026. The maximum monthly OAS for people aged 65 to 74 is now $742.31, up from $727.67. For recipients 75 and older the maximum is $816.54, up from $800.44. These maximums apply when annual net income in 2024 remained below specified thresholds.
Unlike the CPP, OAS eligibility does not depend on work history for residents. To qualify while living in Canada you must be 65 or older, be a Canadian citizen or resident when your application is approved, and have resided in Canada for at least 10 years since age 18. If you live outside Canada, you generally must have been a citizen or resident on the day before you left and have at least 20 years of residence in Canada since age 18.
Who qualifies and key eligibility points
- CPP: At least one valid contribution and age 60 or older to begin a retirement pension; full pension available if under 70 and still working.
- OAS (in Canada): Age 65 or older, citizen or resident at application approval, and 10 years residency in Canada since age 18.
- OAS (outside Canada): Age 65 or older, citizen or resident on the day before you left, and 20 years residency in Canada since age 18.
How to check payments and apply
Use My Service Canada Account to view upcoming payments, update direct deposit information and apply for CPP or OAS. Many applications can be submitted online, and direct deposit is the fastest way to receive funds. If you have not set up an account, Service Canada provides phone and in-person support to complete applications.
If you expect a change in income or plan to move abroad, update your details with Service Canada. That helps avoid payment interruptions and ensures you receive the correct amount, including any eligibility or residency checks for OAS.
Taxes, reporting and a few practical tips
CPP payments are taxable and should be included on your annual tax return. OAS is also considered income and can affect eligibility for other income-tested benefits. Keep records of notices of assessment and any correspondence from Service Canada.
- Confirm direct deposit and mailing address before the Jan. 28 payment.
- Register for My Service Canada Account to monitor payments and download statements.
- Keep copies of CPP and OAS application confirmations and tax documents.
The CPP is a monthly, taxable government benefit that replaces part of eligible Canadians' income when they retire and is a payment they receive for the rest of their lives.
Government of Canada
If you are unsure about your eligibility or the impact of receiving benefits while working, consult Service Canada or a financial adviser. Small changes to contribution history or residency records can affect monthly amounts.
These increases take effect in January 2026. Check your account and documents now so you receive the revised payment on schedule and can plan household finances accordingly.
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