The latest CPP and OAS payments hit bank accounts Friday
Most older Canadians who qualify will see more money in their bank accounts as of Friday, with the latest scheduled Canada Pension Plan and Old Age Security benefit payments.
The latest Canada Pension Plan (CPP) and Old Age Security (OAS) payments will be going into bank accounts on Friday for most older Canadians who qualify. CPP and OAS are both designed to provide financial support for seniors, but they have different eligibility requirements and payment amounts. CPP payments, administered by the Canada Revenue Agency and Employment and Social Development Canada, are based on a worker's lifetime earnings and contributions, while OAS payments are for Canadians aged 65 and older who are Canadian citizens or legal residents who have lived in Canada for at least 10 years since turning 18.
The maximum CPP payment for 2026 is $1,507.65 per month, while OAS payments can range from $751.97 to $827.17 per month, depending on age and income level.
Written by urgent.news from Global News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- The latest CPP and OAS payments hit bank accounts Friday globalnews.ca
