Jerry
Canadian seniors and retirees have something to look forward to this July 2025—increased Canada Pension Plan (CPP) and Old Age Security (OAS) payments are scheduled to be deposited on Tuesday, July 29.
These updates reflect efforts to keep up with inflation and ensure financial stability for those relying on government support in retirement.
In this article, we break down who qualifies, how much more you’ll receive, and what else you need to know to ensure you’re not missing out.
July 29: CPP & OAS Payment Date
Both CPP and OAS payments for July 2025 will be deposited on Tuesday, July 29. If you receive payments by direct deposit, the funds should appear in your bank account that same day. Those receiving payments by cheque may receive them a few days later.
This payment will reflect the latest increase in OAS, and eligible recipients will automatically receive the adjusted amounts without needing to reapply.
What Are the New CPP & OAS Amounts?
The government has adjusted payments to reflect changes in the Consumer Price Index (CPI) and cost-of-living increases. Here’s a look at the latest benefit amounts for July 2025:
Updated Payment Breakdown
| Benefit Type | Monthly Payment (July 2025) | Increase |
|---|---|---|
| CPP Maximum (age 65) | $1,433.00 | No recent change |
| CPP Average (age 65) | $844.53 | Varies by earnings |
| OAS (ages 65–74) | $734.95 | 1.0% increase |
| OAS (75 and older) | $808.45 | 1.0% increase |
| GIS (Single) | Up to $1,097.75 | Adjusted with OAS |
Eligibility for CPP & OAS in July 2025
CPP Eligibility:
To qualify for Canada Pension Plan (CPP) payments, you must:
- Be at least 60 years old
- Have made at least one valid contribution through work in Canada
- Or have credited contributions from a former spouse or partner
The amount you receive depends on:
- How long you contributed
- How much you contributed
- The age you start receiving CPP
- Your average income throughout your working life
OAS Eligibility:
To be eligible for Old Age Security (OAS):
- You must be 65 years or older
- Have lived in Canada for at least 10 years after age 18
- For full OAS, a minimum 40 years residency is typically required
- You don’t need to apply if the government can automatically enroll you
If you are unsure about your eligibility, it’s important to check your My Service Canada Account to review your status and expected payment amount.
Quarterly OAS Adjustments
The OAS is reviewed every quarter—in January, April, July, and October. If the cost of living increases, your OAS payment is adjusted accordingly. For July 2025, OAS has increased by 1.0%, reflecting a 2.3% annual rise from July 2024 to July 2025.
Even better, your OAS payment won’t decrease if the CPI falls—ensuring steady support even in times of deflation.
Other Benefits Paid in July
In addition to CPP and OAS, several other federal and provincial benefits are being paid out in July 2025, including:
- Canada Child Benefit (CCB)
- Ontario Trillium Benefit
- Goods and Services Tax (GST) / Harmonized Sales Tax (HST) Credit
- Advanced Canada Workers Benefit
- Ontario Disability Support Payment
- Canada Disability Benefit (for approved applications before June 30)
These programs, when combined, can significantly improve monthly financial support for eligible households.
Upcoming CPP Payment Dates – 2025
| Month | Payment Date |
|---|---|
| January | 29 |
| February | 26 |
| March | 27 |
| April | 28 |
| May | 28 |
| June | 26 |
| July | 29 |
| August | 27 |
| September | 25 |
| October | 29 |
| November | 26 |
| December | 22 |
Staying informed of these dates helps ensure you’re prepared to budget around your monthly deposits.
How to Check Your CPP & OAS Payments
If you’re unsure about how much you’re receiving or whether your payment has been processed:
- Log in to My Service Canada Account
- Go to Payment Information
- Review your CPP, OAS, and GIS amounts
- Confirm banking details and tax information
This ensures your payments are accurate and that you avoid any unnecessary delays.
Important Tips for Maximizing Payments
- Delay CPP or OAS to receive higher monthly amounts
- CPP: Up to 42% more if you delay to age 70
- OAS: Up to 36% more if you defer to age 70
- Always file your taxes, even with low income, to ensure GIS eligibility
- Update residency or banking info if you’ve moved or changed accounts
- Consider combining OAS, CPP, and GIS for maximum monthly support
The July 2025 increase in OAS payments, combined with ongoing CPP support, offers Canadian seniors a valuable financial boost right when it’s needed most.
With payments landing on July 29, make sure your details are current and you’ve reviewed your eligibility.
As cost-of-living adjustments continue throughout the year, retirees and low-income seniors can rely on Canada’s social programs to help offset inflation and provide financial peace of mind. Keep track of benefit updates and take steps now to secure every dollar you’re entitled to.
FAQs
Will I automatically get the increased OAS amount in July 2025?
Yes, eligible seniors will automatically receive the updated OAS payments on July 29, 2025.
Do I need to reapply for CPP or GIS if I’m already receiving it?
No, once you’re enrolled, you don’t need to reapply. Just ensure your records are updated to prevent delays.
Can I delay CPP or OAS to get a higher amount later?
Yes. You can delay CPP or OAS up to age 70 for increased monthly payments, offering long-term financial benefits.