Cpp Payments, OAS deposits set for Wednesday and Thursday next week
Cpp payments are scheduled to go out Wednesday and Thursday next week, along with two other federal benefit deposits for May. Eligible Canadians who rely on the Canada Pension Plan, Old Age Security, or the Veteran Disability Pension will see those payments land before the month ends.
May benefit deposits
The remaining payments for May include the Canada Pension Plan, the Old Age Security pension, and the Veteran Disability Pension. The calendar gives recipients two deposit days next week, then pushes the next CPP and OAS payments to June 26 and the next Veteran Disability Pension to June 29.
The Canada Pension Plan is a monthly, taxable benefit that replaces part of eligible Canadians' income when they retire and is paid for the rest of their lives. To qualify, a person must have made at least one valid CPP contribution and be at least 60 years old. Someone under 70 who is still working can receive a full CPP pension, and contributing to the CPP post-retirement benefit can increase a pension.
CPP and OAS amounts
A new beneficiary aged 65 can expect an average monthly CPP payment of $925.35, while the maximum monthly payment at that age is $1,507.65. That range gives retirees a quick check on where their own deposit should fall once their contribution history and age are applied.
Old Age Security works on a different rule set. Canadians 65 and older can be eligible regardless of work history, and people aged 65 to 74 can receive up to $743.05 a month if their annual net income in 2024 was less than $148,451. Canadians aged 75 and older can receive up to $817.36 if their annual net world income in 2024 was less than $154,196.
Veteran Disability Pension
The Veteran Disability Pension requires a diagnosed medical condition or disability and proof that it was related to service. Payments range from $70.99 to $1,419.82, giving eligible recipients a separate benefit track from CPP and OAS.
For readers waiting on a deposit, the practical check is simple: the May payments are due next week, and the next dates after that are June 26 for CPP and OAS, followed by June 29 for the Veteran Disability Pension.
