Come June 2025, Canadian retirees receiving Canada Pension Plan (CPP) and Old Age Security (OAS) payments are set to receive a crucial monthly deposit. But this one comes with added significance—it’s the final payment before the July inflation-linked adjustments kick in.
If you’re a senior planning your monthly budget, here’s a breakdown of what to expect and why this month’s deposit matters more than usual.
Payment
Mark your calendars. The Government of Canada has officially confirmed Wednesday, June 26, 2025, as the payment date for CPP and OAS recipients.
If you’re set up with direct deposit, the funds should appear in your account that same day. For those receiving paper cheques, allow a few extra days depending on postal service in your area.
It’s always wise to double-check your banking details with Service Canada, especially if you’ve changed banks recently or switched to direct deposit.
Amounts
The June 2025 CPP and OAS rates are based on Q2 values and won’t change until July. Here’s what seniors can expect:
| Benefit | Monthly Amount (Max) | Average Paid |
|---|---|---|
| CPP (at age 65) | $1,433.00 | $899.67 |
| OAS (Age 65–74) | $727.67 | Varies |
| OAS (Age 75+) | $800.44 | Varies |
The higher OAS for seniors over 75 reflects the permanent 10% increase introduced back in 2022. CPP amounts vary depending on how much and how long you’ve contributed, while OAS depends on your residency history in Canada.
Importance
So, why does June matter so much? Because it’s the final payment before the quarterly cost-of-living adjustment comes into effect in July.
These changes are based on the Consumer Price Index (CPI), and although June’s amount won’t yet reflect the update, it sets the stage for what’s to come.
Even a small 1% increase next month can make a meaningful difference for those on a fixed income. Think of June as the calm before the inflationary cushion arrives.
Basics
Not sure if you’re eligible for CPP or OAS? Here’s a quick refresher:
- CPP requires you to be at least 60 years old and to have made valid contributions while working.
- OAS eligibility starts at age 65 and is based on how long you’ve lived in Canada, not how long you’ve worked.
Both benefits form the core of retirement income for millions of Canadians, and they’re adjusted periodically to align with economic realities like inflation.
Outlook
Looking ahead to July 2025, retirees can expect a slight bump in both CPP and OAS benefits. While the final CPI-linked percentage will be revealed closer to the date, early projections suggest an increase of around 1%. It may not seem like much, but it helps preserve purchasing power as prices rise.
These quarterly adjustments are part of the federal government’s long-term promise to keep retirement benefits in step with the economy. Staying informed ensures you’re not left guessing what will hit your bank account.
Snapshot
Here’s a quick summary of key facts for June 2025:
| Detail | Information |
|---|---|
| CPP/OAS Payment Date | Wednesday, June 26, 2025 |
| CPP Maximum Monthly Payment | $1,433.00 |
| CPP Average New Beneficiary | $899.67 |
| OAS (Age 65–74) | $727.67 |
| OAS (Age 75+) | $800.44 |
| Next Adjustment | July 2025, based on CPI |
| Expected Increase | Estimated 1% |
The June 2025 payment is more than just another deposit—it’s your financial springboard into Q3. With clear timelines and reliable updates, it’s easier than ever to manage your retirement funds wisely.
Keep your eye on July for the next raise, and enjoy a little peace of mind knowing you’re keeping pace with the rising cost of living.
FAQs
When is the CPP and OAS payment in June 2025?
It’s scheduled for Wednesday, June 26, 2025.
Will CPP and OAS increase in July 2025?
Yes, payments will rise based on CPI inflation.
How much is the max CPP in June 2025?
$1,433 per month for those at age 65.
What is the OAS amount for seniors over 75?
$800.44 per month including 10% top-up.
Is OAS based on work history?
No, it’s based on your residency in Canada.
