CPP & OAS Feb 2025: Up to $4,873 Coming – As a Canadian senior or caregiver, understanding your retirement benefits is key to managing your finances with confidence. In February 2025, eligible Canadians will receive their regular Canada Pension Plan (CPP) and Old Age Security (OAS) payments on Tuesday, February 26.
Depending on your work history and income, you could receive anywhere between $2,710 and $4,873 in total monthly support from these two programs—plus additional help if you qualify for the Guaranteed Income Supplement (GIS).
This guide breaks down everything you need to know about your CPP and OAS payments, including eligibility, how much to expect, and steps you can take to get your money faster and more securely.
Also Read: $1,100 CPP Boost for Seniors in 2025 – Check Eligibility Now
Table of Contents
What’s the Difference Between CPP and OAS?
It’s common to confuse CPP and OAS—they both provide income to seniors, but they work differently:
✅ Canada Pension Plan (CPP)
- Based on your work history and contributions
- Paid to retirees and some disabled individuals
- The more you earned and contributed during your working years, the higher your benefit
Maximum monthly CPP payment in 2025: $1,364.60
✅ Old Age Security (OAS)
- A universal pension funded by general tax revenues
- Available to most Canadian seniors who have lived in Canada for at least 10 years after age 18
- Not based on employment history or contributions
Maximum monthly OAS payment in 2025: $716.87
Together, CPP and OAS form the foundation of retirement income for millions of Canadian seniors.
February 2025 Payment Amounts
While individual amounts vary, here are the estimated total combined monthly benefits you may receive from CPP and OAS:
| Category | Estimated Monthly Total (CPP + OAS) |
|---|---|
| Low contributor CPP + Full OAS | $2,710 |
| Average contributor CPP + Full OAS | $3,500–$4,000 |
| High contributor CPP + Full OAS | Up to $4,873 |
These figures assume you start receiving benefits at age 65. If you delayed CPP past 65, your amount will be higher due to delayed retirement credits.
February 2025 Payment Date
Both CPP and OAS payments for February 2025 will be issued on:
✅ Tuesday, February 26, 2025
If you’re signed up for direct deposit, your money should appear in your account early that morning. Those receiving paper cheques will see them arrive in the mail shortly after.
Setting Up Direct Deposit for Faster Access
Direct deposit is the safest and fastest way to receive your CPP and OAS payments. It ensures you get your money on time—even during holidays or bad weather—and reduces the risk of lost or stolen cheques.
To set up direct deposit:
- Log in to your My Service Canada Account at servicecanada.gc.ca
- Go to “View My Payment Options”
- Enter your bank details:
- Financial institution number
- Transit number
- Account number
- Save your changes
You can also call Service Canada at 1-866-274-6627 or visit a local Service Canada Centre for help.
OAS Clawback: What You Should Know
If your net income exceeds $81,761 (as of 2025), part or all of your OAS payment may be clawed back through your taxes.
This means you’ll still receive the full OAS payment each month, but you’ll pay it back when you file your taxes the following year.
📌 Tip: If you expect your income to stay above this threshold, consider adjusting your tax withholdings to avoid a large balance owing later.
Also Read: $445 Canada Payment Update—Are You Eligible This Year?
Guaranteed Income Supplement (GIS) for Low-Income Seniors
If you have a low income, you may also qualify for the Guaranteed Income Supplement (GIS), which provides extra monthly support to OAS recipients.
In 2025, the maximum GIS amount is:
- ✅ $2,309.64/month for single seniors living outside a nursing home
- ✅ Higher amounts may apply for couples or those living in certain care facilities
The GIS is tax-free and does not require repayment.
To qualify, you must:
- Receive OAS
- Live in Canada
- Have an annual income below the limit set by the government
You don’t need to apply separately for GIS—if you’re already getting OAS and file your taxes every year, you’ll automatically be considered.
Actionable Steps for Seniors and Caregivers
Here’s what you can do now to make sure you get the most out of your CPP and OAS benefits:
- ✅ Check your eligibility: Use Service Canada’s online tools to confirm you’re receiving the right amount.
- ✅ Update your personal information: Make sure your address, marital status, and banking info are current in your My Service Canada Account.
- ✅ Set up or verify direct deposit: Avoid delays and ensure secure access to your funds.
- ✅ File your taxes every year: Even if you have no income, filing helps you qualify for GIS and other benefits.
- ✅ Review your benefit statements: Check your CPP contribution history and OAS eligibility online.
- ✅ Talk to a professional: If you’re unsure about anything, contact Service Canada or consult with a financial advisor or caregiver.
