OTTAWA: Millions of eligible Canadians are set to receive their Canada Pension Plan (CPP) payments on February 25. The CPP is a nationwide social insurance program designed to provide retirement income, as well as benefits in the event of disability or death. The Canada Revenue Agency (CRA) is distributing these payments with a two percent annual increase, reflecting adjustments to support pensioners against the rising cost of living.
Under the new 2026 rates, the maximum monthly pension for those retiring at age 65 has increased to $1,507.65. This hike applies across various categories, including retirement, disability, and survivor pensions. Furthermore, the earnings eligibility ceiling for the year 2026 has been set at $74,600, ensuring the program scales with current economic trends.
Following the February disbursement, the federal government has released the schedule for the remainder of the year. Payments are slated for March 27, April 28, May 27, June 26, July 29, August 27, September 25, October 28, November 26, and December 22. Citizens seeking further details are encouraged to visit the official Government of Canada CPP page or log in to their My Service Canada account for personalized information.
