Starting September 2025, the Canada Pension Plan (CPP) and Old Age Security (OAS) payments will be adjusted to align with inflation and rising living costs. These updates ensure retirees and eligible seniors maintain their purchasing power amid economic changes. The new payment amounts will be automatically applied, requiring no additional forms or applications. Understanding these changes is crucial for current and future retirees to plan their finances effectively.
CPP & OAS Changes in September 2025
| Feature | Details |
|---|---|
| Year | 2025 |
| Payment Date | September 25, 2025 |
| Payment Mode | Direct deposit or mailed cheque |
| Administered By | Canada Revenue Agency (CRA) |
| Category | Canada Finance |
| Official Website | canada.ca |
| Eligibility | Canadians receiving CPP and OAS benefits |
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CPP: Indexed annually each January based on the average Consumer Price Index (CPI) of the previous 12 months. In 2025, CPP increased by 2.6%, raising the maximum monthly retirement pension to approximately $1,433.
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OAS: Indexed quarterly (January, April, July, October), adjusted according to CPI changes. The July 2025 increase was 1.0%, continuing in September.
Benefits of Deferring CPP and OAS
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CPP Deferral: Can start at age 60 or be delayed until 70. Deferring beyond 65 increases monthly pension by 0.7% per month (8.4% per year).
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Example: CPP at 65 = $1,000/month; at 70 = ~$1,420/month.
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OAS Deferral: Can start at 65 or be delayed to 70. Each month deferred increases OAS by 0.6% (7.2% annually).
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Example: OAS at 65 = $734.95/month; at 70 = ~$1,043/month.
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How to Verify Your CPP & OAS Payments
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My Service Canada Account (MSCA): Check payment amounts, dates, and history online.
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Direct Deposit: Payments appear as “Government of Canada Deposit” in bank accounts.
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Paper Statements: Annual benefit statements can be requested for detailed information.
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Service Canada Contact: Call 1-800-277-9914 for assistance (have SIN and personal info ready).
Long-Term Stability of CPP & OAS
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CPP Funding: Supported by worker and employer contributions; managed by the Canada Pension Plan Investment Board; projected solvency for at least 75 years at current rates.
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OAS Funding: Financed through general tax revenues; costs rise with an aging population; adjustments include a 10% increase for seniors 75+ and quarterly inflation indexing.
Fact Check for September 2025 CPP & OAS Payments
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CPP will rise by 2.6%, with the new maximum monthly pension around $1,433.
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OAS payments for ages 65–74 will be $734.95 monthly, and $808.45 for seniors 75 and older.
FAQs on CPP & OAS Changes in September 2025
What is the new maximum CPP monthly payment?
Approximately $1,433 as of 2025, up 2.6% from 2024.
When is the September 2025 CPP payment date?
Payments will be made on Thursday, September 25, 2025.
How often is CPP adjusted?
Once yearly in January based on CPI.
How often are OAS payments adjusted?
Quarterly, in January, April, July, and October, based on CPI.