The Canada Pension Plan payment is scheduled to be issued Tuesday, Oct. 29, so if you’re entitled to receive it the money should arrive in your bank account some time this week. To be eligible, you must be at least 60 years old and have made at least one contribution to the plan.
Contributions must have been made from work conducted in Canada, or as a result of credits from a former spouse or former common-law partner. The amount of your CPP retirement pension depends on different factors, such as: For 2025, the maximum monthly amount you could receive if you start your pension at age 65 is $1,364.60.
The average monthly amount paid for a new retirement pension (at age 65) in July 2024 was $815. Your situation will determine how much you’ll receive up to the maximum. You can get an estimate of your monthly CPP retirement pension payments by signing in to your .
Here’s what other federal and provincial benefits are paying out to people who are eligible for them this month. Haven’t received your payment? Wait 10 working days from the payment date to contact the ..