CPP Payment Dates November 2025: What Retirees Need to Know

Service Canada has released the official payment schedule for November 2025. Canada Pension Plan (CPP) benefits will be deposited on Wednesday, November 26. This schedule is critical for millions of retirees budgeting for the month.

Old Age Security (OAS) payments follow on Thursday, November 27. These dates are consistent with the agency’s long-standing practice of issuing payments on the second-to-last business day of the month.

How Payment Delivery Methods Affect You

Direct deposit is the fastest and most reliable way to receive funds. Payments typically appear in accounts by 6:00 a.m. local time on the scheduled date. This method eliminates mail delays.

Paper cheques are still used by a small percentage of recipients. These can take several extra business days to arrive. Service Canada strongly encourages enrolling in direct deposit via a My Service Canada Account.

Understanding Your Benefit Amounts and Eligibility

CPP amounts vary based on your contributions and the age you start receiving benefits. For a new retiree at age 65 in 2025, the average monthly payment is approximately $850. The maximum monthly amount at 65 is $1,433.

OAS payments are based on residency, not work history. The maximum monthly OAS payment for those aged 65-74 is $740. For seniors 75 and over, the maximum increases to $814.

Both CPP and OAS are indexed to inflation. This helps protect the purchasing power of your benefits. Adjustments are made each January based on the Consumer Price Index.

A Quick Knowledge Drop for You

What if my CPP payment is late?

Allow three to five business days for direct deposit processing. If your payment is still missing, contact Service Canada directly. Check your bank account and My Service Canada Account first for any alerts.

Do I pay tax on my CPP and OAS payments?

Yes, both CPP and OAS benefits are considered taxable income. Service Canada does not automatically withhold taxes, so you may need to make instalment payments to the CRA.

Can my OAS payment be reduced?

Yes, high-income seniors are subject to a recovery tax, or “clawback.” If your net world income exceeds $148,451, you must repay part or all of your OAS benefit.

What is the difference between CPP and OAS?

The Canada Pension Plan is based on your contributions from working. Old Age Security is a monthly payment for seniors based on age and residency in Canada.

When should I apply for my retirement benefits?

You should apply for CPP and OAS several months before you want your payments to start. It can take several weeks to process a new application.