Canadian seniors and retirees have been eagerly waiting for the official CPP and OAS deposit schedule for October 2025, and Service Canada has now confirmed the date. Both the Canada Pension Plan (CPP) and the Old Age Security (OAS) payments will be deposited on Wednesday, October 29, 2025.
These monthly benefits form a crucial part of Canada’s retirement income system, helping millions of seniors cover their living expenses and maintain financial stability. Those eligible for both CPP and OAS will receive their payments on the same day, though they will appear as separate deposits in their bank accounts, reflecting distinct program sources.
Purpose and Importance of CPP & OAS Payments
The Canada Pension Plan (CPP) and Old Age Security (OAS) are essential components of the country’s public retirement system. While OAS supports low-income seniors based on residency, CPP provides income to retirees who contributed to the plan during their working years.
Together, these payments ensure financial assistance for:
- Retirees aged 60 and above (CPP)
- Seniors aged 65 and above (OAS)
- Canadians facing reduced work capacity or relying on retirement income for daily needs
The October 2025 deposit is designed to help older Canadians manage rising living costs and inflation, offering financial relief and predictability through monthly deposits.
Canada CPP + OAS Pension 2025 Overview
| Particulars | Details |
|---|---|
| Authority | Service Canada |
| Post Title | October 2025 CPP & OAS Deposit Dates Confirmed |
| Year | 2025 |
| Country | Canada |
| Purpose | Financial support for seniors and retirees |
| Eligible Age | CPP: 60–70 years; OAS: 65 years |
| Frequency | Monthly |
| Payment Date | 29th October 2025 (Wednesday) |
| Official Website | www.canada.ca |
This clear structure helps retirees plan their expenses and manage their monthly budgets efficiently.
October 2025 CPP & OAS Deposit Date
Service Canada issues the CPP and OAS payment schedules annually, typically at the beginning of the calendar year. For October 2025, both payments will be credited on Wednesday, October 29, 2025.
Those eligible for both benefits will notice two separate entries in their bank statements: one for the Old Age Security Pension and another for the Canada Pension Plan Payment.
| Program | Payment Date – October 2025 |
|---|---|
| CPP Pension | 29th October 2025 (Wednesday) |
| OAS Pension | 29th October 2025 (Wednesday) |
Who Qualifies for OAS and CPP Payments
To receive these payments, Canadians must meet specific eligibility criteria tied to age, residency, and contributions.
Old Age Security (OAS) Eligibility:
- Must be 65 years or older.
- Must have lived in Canada for at least 10 years after age 18.
- Income must fall below the OAS income threshold.
Income thresholds valid until September 2025 are as follows:
| Age Group | Annual Income Limit |
|---|---|
| 65 – 74 years | Below $148,451 |
| 75 years or older | Below $154,196 |
Income limits may be slightly adjusted in October 2025 due to inflation indexation.
Canada Pension Plan (CPP) Eligibility:
- Can begin at age 60, but full benefits are available at age 65.
- Must have contributed to CPP during working years.
- Must be a Canadian resident at the time of claiming.
Retirees can defer CPP payments up to age 70, which increases the benefit amount.
How the CPP & OAS Payment Systems Work
Both CPP and OAS are monthly payments administered by Service Canada. The amount varies depending on each individual’s work history, income level, and contribution records.
- OAS: Funded by general government revenue and not tied to work contributions.
- CPP: Based on payroll contributions made during employment years.
If an individual qualifies for both, payments are processed together but remain separate transactions—one as a federal income supplement (OAS) and one as a retirement contribution benefit (CPP).
October 2025 Payment Adjustment
The OAS benefit will see a 0.7% increase in October 2025, following the quarterly inflation indexation formula. This adjustment ensures the value of the benefit keeps pace with the Consumer Price Index (CPI).
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While CPP adjustments typically occur annually in January, OAS adjustments take place every three months—January, April, July, and October—helping seniors maintain real purchasing power throughout the year.
How to Check CPP and OAS Payment Status
Seniors and retirees can verify their payment status or deposit confirmation through the My Service Canada Account (MSCA) portal.
To check online:
- Visit www.canada.ca.
- Log in or create an MSCA account.
- Navigate to “Pension Payments” to view upcoming deposits, payment history, and tax slips.
Those without online access can contact Service Canada directly or visit local offices for support regarding deposit inquiries or benefit updates.
Benefits of Receiving Both CPP and OAS
Many Canadian seniors qualify for both programs simultaneously, significantly improving monthly income stability. The combined benefits help cover:
- Housing and utility bills
- Healthcare and prescription costs
- Groceries and transportation
- Emergency or seasonal expenses
By receiving both, seniors can rely on a consistent financial cushion every month, reducing dependence on provincial or municipal support programs.
How CPP and OAS Help During Inflation
In 2025, inflation and living costs continue to challenge retirees on fixed incomes. The CPP and OAS programs serve as a lifeline by adjusting benefits to match inflation rates.
This ensures that seniors’ purchasing power is maintained even as food, housing, and medical costs rise. It’s a critical step in protecting retirees from the economic pressures of a fluctuating economy.
What to Do If You Haven’t Received Your Payment
If your October 2025 CPP or OAS payment doesn’t appear by October 31, you should:
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- Check with your bank or credit union for pending deposits.
- Log into your MSCA to verify payment status.
- Contact Service Canada’s pension helpline to report missing or delayed payments.
Service Canada advises waiting at least two business days after the payment date before reporting a delay.
Key Takeaways for October 2025
- Payment Date: Wednesday, October 29, 2025
- Programs Included: CPP and OAS
- Eligible Ages: CPP (60–70 years), OAS (65 years+)
- Adjustment: OAS increases by 0.7% in October 2025
- How to Check: Through My Service Canada Account
This schedule provides predictable, stable support to seniors and retirees across the country.
FAQs on CPP & OAS October 2025 Payment
1. When will CPP and OAS payments be made in October 2025?
Both CPP and OAS payments will be deposited on Wednesday, October 29, 2025.
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2. Can I receive both CPP and OAS at the same time?
Yes. If eligible for both programs, you will receive two separate deposits on the same date.
3. How much will OAS increase in October 2025?
OAS payments will rise by 0.7% in October 2025 due to inflation indexation.
4. What happens if my payment doesn’t arrive on time?
Wait two business days, then check your MSCA portal or contact Service Canada for assistance.
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5. Where can I check my CPP and OAS payment details?
You can log into the My Service Canada Account (MSCA) on www.canada.ca to view payment status, deposit history, and personal pension details.