Ottawa: Get ready! The next Canada Pension Plan (CPP) payments are set to be distributed nationwide on August 27. This round of CPP payments will include a 2.7% increase, as well as additional benefits like Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).
The Canada Pension Plan is a nationwide social insurance program designed to provide income and benefits to retirees and those who become disabled or die. Residents over the age of 65 are eligible for a maximum monthly payment of $1,433.
The remaining CPP payment dates for this year are Thursday, September 25; Wednesday, October 29; Wednesday, November 26; and Monday, December 22. For more information, visit the Government of Canada’s CPP page or log into your My Service Canada account.
