Canada Pension Plan payments for July 2025 go out soon — Here's how much you can get
Plus up to $800 in EXTRA benefits you might qualify for this month. 👀
Canada Pension Plan payments for July 2025 are arriving next week.
July is already more than halfway over, and that means it's almost time for another round of government cheques for Canadian seniors, including the Canada Pension Plan and Old Age Security.
If you're one of the millions of Canadians who receive monthly support from Service Canada, the next wave of pension payments are arriving next week.
The Canada Pension Plan payment for July 2025 is just around the corner, and that little bump in your bank account can go a long way. Whether it's helping with the hydro bill, a grocery order or just a bit of financial breathing room, keeping tabs on your CPP deposit can help you plan ahead.
With the cost of living still throwing curveballs, these monthly government payments remain a financial anchor for retirees across the country. Knowing exactly when your next one's set to arrive — and how much you might get — can help take a bit of the stress out of money management.
Here's the scoop on the July CPP payment date, who qualifies for a deposit and how much you could receive.
How does the Canada Pension Plan work?
The Canada Pension Plan (CPP) is a federal benefit designed to give Canadians a steady source of income after they retire. If you've worked in Canada and had CPP contributions taken from your paycheque, you're already building up eligibility for future payments.
You can start collecting CPP as early as age 60, but the monthly amount will be reduced. The longer you wait — up to age 70 — the more your payments increase. After that, delaying doesn't boost your benefit any further.
Once you're signed up, your payment amount stays the same month to month and will never be reduced — although it does get increased every year to reflect changes in the cost of living. Deposits can be sent straight to your bank account, making it a reliable part of your retirement income.
Who is eligible for the Canada Pension Plan?
To be eligible for Canada Pension Plan retirement benefits, you need to meet two basic requirements: You must be at least 60 years old and have made at least one valid contribution to CPP, typically through automatic payroll deductions while working in Canada.
Major life events like a divorce or separation can also affect your CPP entitlement. In some cases, you and your former partner may be able to divide your CPP credits, which can change the amount each of you receives.
You don't have to stop working to start collecting CPP. If you're under 70 and still earning income, you can continue contributing and may qualify for the CPP post-retirement benefit — an extra monthly boost on top of your regular payments.
What are CPP disability and survivor benefits?
The Canada Pension Plan offers several additional benefits beyond the regular retirement pension.
Post-Retirement Benefit: If you're between 60 and 70, still working and already receiving CPP or QPP, you may qualify for this extra monthly payment — but only if you and your employer continue making CPP contributions.
CPP Disability Benefit: This monthly payment is for people under 65 who can no longer work due to a long-term disability. To qualify, you must have contributed enough to CPP and have a condition that prevents you from doing any "substantially gainful work."
Post-Retirement Disability Benefit: If you're 60 to 65 and already receiving CPP retirement payments, you may be eligible for this separate benefit if you become disabled but don't qualify for the standard disability benefit due to when you started receiving CPP.
CPP Survivor's Pension: This benefit goes to the legal spouse or common-law partner of a deceased CPP contributor. The amount depends on your age and the contributor's payment history.
CPP Children's Benefits: Dependent children of deceased or disabled CPP contributors may receive monthly payments until age 18 — or up to 25 if they're in school full- or part-time.
If you qualify for more than one CPP benefit, they'll be combined into a single monthly CPP payment. However, the total amount may be reduced when combining benefits — it won't always equal the full value of each separate benefit.
How to apply for the Canada Pension Plan
To apply for Canada Pension Plan benefits, the first step is choosing when you want your payments to begin — any time between your 60th and 70th birthdays. Starting earlier means lower monthly payments, while waiting increases the amount you'll receive.
After you've picked your start date, you can apply online using your My Service Canada Account. Prefer a paper application? You can download the application form and either mail it in or drop it off at a local Service Canada office.
Does Quebec have its own pension plan?
Yes, Quebec runs its own retirement program called the Quebec Pension Plan, or QPP. It works much like the CPP and provides monthly payments to people who worked in Quebec and paid into the system through payroll contributions.
If your work history includes time in Quebec and you live in that province now, your retirement income will come from the QPP. For those who've contributed to both the CPP and QPP by working in multiple provinces, the two programs are coordinated to make sure all your contributions are counted.
QPP benefits are paid out monthly, just like the CPP. For July 2025, QPP recipients can expect their next deposit on July 31.
How is the Canada Pension Plan calculated?
CPP retirement pension payments are based on three main things: how old you are when you start collecting, how much you've paid into the plan and what your average earnings were during your career.
Starting CPP before 65 reduces your monthly amount, while waiting longer — up to age 70 — increases it. There's no extra gain after 70, so that's the cap.
How much you contributed matters too. Higher lifetime earnings generally mean higher contributions, which translate into larger monthly payments. If you're under 70 and still working, you might also boost your benefit through the CPP post-retirement benefit by continuing to contribute.
Other situations can also affect your payment, such as taking time off work to raise kids, stretches of low or no income or receiving CPP disability benefits.
To see what you might receive, you can log into your My Service Canada Account or use the Retirement Income Calculator on the Service Canada website.
How much does the Canada Pension Plan pay?
As of 2025, the maximum monthly base CPP retirement benefit for someone starting at age 65 is $1,433. However, most people receive less — the average new retirement payment at 65 is about $845 per month.
If your earnings were lower during your career or you had long breaks from the workforce, your monthly CPP might be on the lower end. Higher lifetime contributions can push your benefit closer to the max.
In addition to the base retirement payment, the CPP also includes a range of other benefits. Here are the 2025 maximum monthly amounts for each:
- 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+): $859.80
- Benefit for children of a disabled or deceased contributor (under 18 or full-time student): $301.77
- Benefit for children of a disabled or deceased contributor (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
You can check your expected amount anytime by logging into your My Service Canada Account or using the Retirement Income Calculator.
Is CPP taxable?
Yes, Canada Pension Plan payments are considered taxable income. But unlike regular paycheques, taxes aren't automatically withheld unless you ask for it.
You can request monthly tax deductions through your My Service Canada Account or by submitting the paper form. If you skip this step, you might owe money at tax time — especially if you have other sources of income.
For people living outside Canada, a non-resident tax is automatically deducted from CPP payments, so there’s no need to set it up yourself.
When is CPP paid this month?
Canada Pension Plan payments are typically issued during the last week of each month. If you use direct deposit, the money will show up in your account on the scheduled day.
For July 2025, the next CPP payment is set for Tuesday, July 29.
Beyond that, here's a look at the remaining CPP payment dates for 2025:
- Wednesday, August 27
- Thursday, September 25
- Wednesday, October 29
- Wednesday, November 26
- Monday, December 22
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