For many seniors in Canada, the Canada Pension Plan (CPP) and Old Age Security (OAS) are key sources of monthly income. These payments help cover basic living expenses like rent, groceries, utility bills, and health care. Knowing exactly when this money arrives each month is very important for managing finances in retirement.
As October 2025 approaches, seniors should mark their calendars — the government has announced the official CPP and OAS payment date for the month.
✅ October 2025 Payment Date Confirmed
The CPP and OAS payments for the month of October 2025 will be sent out on Wednesday, October 29, 2025. This applies across all of Canada and to anyone who qualifies for either or both of these benefits.
If you’re set up with direct deposit, your payment should appear in your bank account on the same day. However, those who still receive payments by cheque may experience a small delay due to mailing time.
💡 Who Gets CPP and OAS?
Let’s break it down simply:
- CPP is based on the amount you contributed during your working years. If you worked and paid into the plan, you can get CPP once you’re eligible (usually starting at age 60 or later).
- OAS is different. You can get this even if you never worked, as long as you’re 65 or older and meet Canadian residency requirements.
You can receive both CPP and OAS if you qualify for each. Together, they provide a helpful monthly income during retirement.
🧾 How Payments Are Made
- Direct deposit is the fastest and most secure method. Your money goes directly into your bank account — no waiting, no risks.
- Cheques are still available but take longer and can be lost or delayed in the mail.
If you haven’t already, it’s a good idea to switch to direct deposit to avoid delays.
📌 What If the Payment Is Late?
If your payment doesn’t arrive on October 29, don’t worry right away. Banks may take 2–3 business days to process deposits. For cheques, postal delays are common.
If after a few days you still haven’t received your money, contact Service Canada for help. Make sure your banking and mailing details are updated to avoid issues.
💰 Tips for Managing Your CPP & OAS Wisely
- Make a simple monthly budget to keep track of spending.
- Prioritize important needs like rent, medicine, and groceries.
- Try to avoid unnecessary loans or credit card debt.
- If possible, set aside a small amount each month for savings or emergencies.
📈 2025 Updates: Payments Adjusted for Inflation
In 2025, the government has slightly increased CPP and OAS payments to help seniors cope with higher living costs. These adjustments are meant to ease financial pressure due to inflation.
The October 29, 2025, deposit date is important for many older Canadians who rely on CPP and OAS. While these benefits offer stable income, it’s always wise to plan ahead, budget carefully, and explore other sources of support for long-term financial peace of mind.