Canada Pension Plan payments for June 2025 go out soon — Here's how much you can get
Plus what to do to protect yourself from a potential Canada Post strike. 📭
Canadian retirees can get over $1,400 this month from the CPP.
Summer is officially on, and for millions of Canadian retirees, that means another round of government payments is just about here.
If you've been keeping an eye on your bank account waiting for your next Canada Pension Plan deposit, you're in luck.
The Canada Pension Plan June 2025 payment is dropping soon, and whether you count on it to cover rent, groceries or that painfully high utility bill, it's smart to make sure everything's in order. Double-checking your info ahead of time can help dodge any last-minute stress.
With the cost of living still putting pressure on wallets from coast to coast, monthly support from Service Canada programs like CPP and Old Age Security remains a key lifeline for many. Staying in the loop on CPP payment dates in 2025 can help you stay on track and plan ahead.
Here's what to know about your June CPP deposit — from how much you might get to who qualifies and how it all works.
How does the Canada Pension Plan work?
The Canada Pension Plan is a key federal program that helps provide income support during retirement. If you've been employed in Canada and saw CPP deductions on your paycheque, you've already been paying into it — and that money helps fund your future monthly payments.
You can apply to start getting CPP as early as age 60, though the amount you receive will be smaller than if you wait. The longer you delay — up to age 70 — the more your monthly payment grows. After 70, there's no financial advantage to holding off.
Once you're approved, the amount you get each month is fixed but adjusted annually to keep up with inflation. Payments can even be deposited directly into your bank account, making CPP a steady and predictable source of income when you're no longer working.
Who is eligible for the Canada Pension Plan?
To qualify for Canada Pension Plan retirement benefits, you need to meet two main criteria: You must be at least 60 years old, and you must have made at least one valid contribution to the plan — usually through deductions taken from your pay while working in Canada.
CPP eligibility can also be influenced by life changes. If you've gone through a separation or divorce, you might be able to split CPP credits with your former spouse or partner, which could impact how much you receive.
You don't need to quit your job to start collecting CPP. If you keep working while receiving payments and you're under 70, you might be eligible for the CPP post-retirement benefit — a top-up that increases your monthly income as long as you continue making contributions.
How to apply for the Canada Pension Plan
Applying for Canada Pension Plan benefits starts with picking your preferred start date — anywhere between your 60th and 70th birthday. Taking it early means smaller monthly payments, while holding off boosts your payout.
Once you've decided when to begin, you can submit your application online through your My Service Canada Account. If you'd rather go the paper route, you can download the form from the government website and either mail it or bring it to a Service Canada location.
More about applying for the CPP
Does Quebec have its own pension plan?
Quebec has its own version of the CPP, known as the Quebec Pension Plan (QPP). It's a similar program that offers monthly retirement payments to people who have worked in Quebec and made contributions through their income.
If you've lived or worked in Quebec and paid into the QPP, that's the program your retirement benefits will come from. For anyone who's contributed to both the CPP and the QPP — by working in multiple provinces over their career — the two systems are designed to work together so you get credit for all your contributions.
QPP payments also go out monthly, just like CPP payments. For June 2025, the next deposit is expected on June 30.
How is the Canada Pension Plan calculated?
Your CPP payment is calculated based on a few key details — mainly your age when you start collecting, how much you've contributed over the years and your average income during your working life.
The earlier you start, the smaller your monthly amount. If you wait past 60, your payment increases each year until you hit 70. After that, there’s no added bonus for delaying.
The size of your contributions plays a big role too. In general, the more you earned and contributed while working, the higher your monthly payment will be. If you’re still earning income under age 70, those extra contributions can also increase your benefit through the CPP post-retirement benefit.
Other factors can influence your final amount, like years spent raising children, periods of low or no income or if you qualified for disability benefits.
To get a personalized estimate, log in to your My Service Canada Account or check out the Retirement Income Calculator on the government's website.
How much does the Canada Pension Plan pay?
As of January 2025, the highest monthly Canada Pension Plan payment for someone starting at age 65 was $1,433, according to Service Canada. But most people receive less than that — the average new retirement benefit at 65 is closer to $900 a month.
Your personal CPP amount depends on how much you earned and contributed during your working years. If your income was lower or you had gaps in employment, your monthly payment could be below the average. On the flip side, consistently higher earnings and contributions can push your payout above that mark.
To see what your specific payment might be, sign in to your My Service Canada Account or use the Retirement Income Calculator on the Service Canada website.
Is CPP taxable?
Yes, Canada Pension Plan payments count as taxable income. But unlike employment income, taxes aren't automatically deducted unless you choose to have them taken off.
If you want taxes withheld each month, you can request it through your My Service Canada Account or by filling out a paper form. If you don't set this up, you might end up owing taxes later — especially if your overall income is on the higher side.
For those living outside Canada, the government automatically deducts a non-resident tax from CPP payments, so no extra action is required.
When is CPP paid this month?
Canada Pension Plan payments usually land during the final week of each month, and if you're signed up for direct deposit, the funds go straight into your bank account on the scheduled date.
For June 2025, the next CPP deposit is coming up next week on Thursday, June 26.
Looking ahead, here are the upcoming Canada Pension Plan payment dates for the rest of the year:
- Tuesday, July 29
- Wednesday, August 27
- Thursday, September 25
- Wednesday, October 29
- Wednesday, November 26
- Monday, December 22
What happens to CPP cheques if there's a Canada Post strike?
With a possible Canada Post strike on the horizon, now's a good time to make sure your Canada Pension Plan payments won't be affected — especially if you still receive your cheques by mail.
The easiest way to avoid delays is by switching to direct deposit. That way, your CPP payment goes right into your bank account on the scheduled date, no matter what's happening with mail delivery. It's also faster, easier and more reliable than waiting for a cheque.
You can set up direct deposit through your My Service Canada Account, by calling 1-800-277-9914 (press "0" to talk to an agent), or by visiting a Service Canada location. Make sure to have your Social Insurance Number and banking details handy — including your branch, transit and account numbers, which are listed on your personal cheques.
More about potential Canada Post disruptions and your benefits
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