Canada Pension Plan payments for August 2025 go out soon — Here's how much you can get
Everything you need to know about the August CPP payment. 👇
Canadian seniors could get over $1,600 from the CPP payment for August 2025.
August is flying by, and if you're someone who relies on pension payments like the Canada Pension Plan to help keep your budget on track, there's another important deposit headed your way soon.
Whether you're paying down bills, stocking up the fridge or just keeping an eye on your monthly spending, staying on top of your Canada Pension Plan payments in 2025 can go a long way in helping you plan things out.
The next round of government payments is about to roll out — and it's worth double-checking that everything's set with your Service Canada account before it does.
With the cost of living still high across much of the country, programs like the CPP and Old Age Security remain a key part of financial planning for millions of Canadian seniors.
These monthly Service Canada deposits help cover everything from the basics to the unexpected — and knowing exactly when the CPP payment dates are can make a real difference.
Here's what to know about the Canada Pension Plan August 2025 payment, how much you could get and who's eligible.
How does the Canada Pension Plan work?
The Canada Pension Plan (CPP) is a federal pension program that sends out monthly payments to people who've paid into it during their working years. If you were employed in Canada and had CPP contributions taken off your paycheques, you're likely eligible to receive it once you hit retirement age.
You can apply to start collecting CPP as early as age 60, though the monthly amount will be smaller. If you wait until 65 or even delay until age 70, you'll receive more each month. After 70, though, there's no added benefit to holding off — so most people start sometime before that.
Once you've applied and been approved, your CPP payment stays consistent for life and won't ever go down. However, it does get a yearly adjustment in January to reflect inflation and help keep up with rising costs.
Payments are sent out every month and can even go straight to your bank account through direct deposit.
Who is eligible for the Canada Pension Plan?
To receive Canada Pension Plan (CPP) retirement benefits, you must be at least 60 years old and have made at least one valid contribution to the plan during your time in the workforce. These contributions are usually deducted automatically from your pay if you've worked for an employer in Canada.
In certain situations — like the breakdown of a marriage or common-law relationship — it's possible to split CPP credits with your ex-partner. This process can potentially increase your eligibility or payment amount.
You also don't need to stop working to start receiving CPP. If you're still earning income and under 70, you might qualify for extra payments through the post-retirement benefit.
What are CPP disability and survivor benefits?
The Canada Pension Plan includes several types of benefits beyond the standard retirement pension, offering financial support in a range of situations.
Post-Retirement Benefit: This is a bonus monthly payment for people aged 60 to 70 who are still working while already receiving CPP or QPP. To qualify, you and your employer need to continue contributing to CPP during this time.
CPP Disability Benefit: This monthly benefit is designed for people under 65 who are no longer able to work because of a long-term physical or mental condition. To be eligible, you must have made enough CPP contributions and be unable to hold any job that earns a sustainable income.
Post-Retirement Disability Benefit: If you're between 60 and 65 and already collecting CPP retirement payments, this benefit may be available if you develop a disability but no longer qualify for the main CPP disability program due to when you started receiving your pension.
CPP Survivor's Pension: This is a monthly benefit for the surviving spouse or common-law partner of a CPP contributor who has died. The amount is based on the deceased contributor's payment history and the age of the surviving partner.
CPP Children's Benefits: Monthly financial support is available for dependent children of a CPP contributor who has died or become disabled. These payments continue until the child turns 18, or up to 25 if they're enrolled in school full- or part-time.
If you're approved for more than one of these benefits, they'll be combined into a single monthly payment.
How to apply for the Canada Pension Plan
Starting your CPP payments begins with choosing the age you want to start. You can apply anytime between 60 and 70, but your monthly amount will depend on when you begin. Starting earlier means lower payments, while delaying boosts the total you'll receive each month — for life.
Once you've picked a start date, the application process is straightforward. The fastest option is to apply online through your My Service Canada Account. Prefer a paper application? You can download the form, fill it out and either mail it in or drop it off at a nearby Service Canada office.
You can expect a response from Service Canada by mail within 28 days if you apply online, or within 120 days if you apply by mail.
Does Quebec have its own pension plan?
Yes, Quebec has a separate provincial system called the Quebec Pension Plan (QPP), which works a lot like the Canada Pension Plan. It provides monthly retirement payments to people who've contributed while working in Quebec.
If you've always lived and worked in Quebec, you'll receive QPP benefits. But if you've moved between provinces or paid into both the QPP and CPP at different points, your contributions are still counted — the two systems work together to ensure you get the right amount.
QPP payments go out each month, just like CPP. For August, the deposit is scheduled for August 29.
How is the Canada Pension Plan calculated?
Your CPP payment is based on a bunch of factors, like your individual work and contribution history, when you choose to start receiving it, and your eligibility for additional amounts like disability and survivor benefits.
The age you begin collecting makes a big difference. Starting at 60 means a smaller monthly amount, while delaying up to age 70 increases the payout. Once you start, your amount is locked in, with adjustments for inflation each year.
Your total contributions to CPP over the years are another major factor. If you consistently earned a higher income and paid more into the plan, your monthly payment will likely be higher. Continuing to work past 60 can also boost your retirement income — if you're under 70 and still working, those extra contributions go toward the post-retirement benefit.
Other parts of your life — like time spent out of the workforce raising children, years with little or no income or living with a disability — can also impact your final number.
For an estimate tailored to your situation, log into your My Service Canada Account or try out the Retirement Income Calculator on the Service Canada website.
How much does the Canada Pension Plan pay?
In 2025, the maximum monthly base CPP retirement payment for someone starting at age 65 is $1,433. But most people receive less than that — the average monthly amount for new retirees at 65 is around $845.
Your actual payment depends on how much you earned and contributed over the years. Lower income or time out of the workforce can mean a smaller benefit, while higher, steady contributions bring you closer to the maximum.
CPP also includes several other benefit types, each with its own payment cap. Here are the 2025 maximum monthly amounts:
- Post-retirement benefit (at 65): $49.39
- Disability benefit: $1,673.24
- Post-retirement disability benefit: $598.49
- Survivor's pension (under 65): $770.88
- Survivor's pension (65 and over): $859.80
- Child benefit (under 18 or full-time student): $301.77
- Child benefit (part-time student): $150.89
- Combined survivor's and retirement pension (at 65): $1,449.53
- Combined survivor's and disability benefit: $1,683.57
If you qualify for more than one CPP benefit, they'll be combined into a single monthly payment. However, the total amount may be reduced when combining benefits — it won't always equal the full value of each separate benefit.
To get an idea of what you'll personally receive, log into your My Service Canada Account or use the online Retirement Income Calculator tool.
Is the Canada Pension Plan taxable?
Yes, CPP payments are considered taxable income. But unlike regular employment income, taxes aren’t taken off automatically unless you request it.
If you'd rather have tax deducted from your CPP each month, you can set that up through your My Service Canada Account or by submitting a paper form. Otherwise, you may need to make quarterly tax payments, depending on your overall income.
For those living outside Canada, non-resident tax is withheld from CPP payments by default — so there's nothing extra you need to do on that front.
When are the Canada Pension Plan payment dates?
Canada Pension Plan (CPP) payments are sent out near the end of each month, and if you've set up direct deposit, they go straight into your bank account.
The next payment is coming up next week on Wednesday, August 27.
If you're planning ahead for the rest of the year, here are the other upcoming CPP payment dates for 2025:
- Thursday, September 25
- Wednesday, October 29
- Wednesday, November 26
- Monday, December 22
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