In response to the ongoing rise in living costs and to ensure financial stability for seniors, the Canada Revenue Agency (CRA) has announced an increase in payments for CPP, OAS, and GIS starting in April 2025.
These benefit adjustments reflect the government’s commitment to supporting retirees through regular increases based on inflation and the Consumer Price Index (CPI).
Let’s dive into the details of these new amounts and the revised payment schedule.
CPP, OAS, GIS Payment Boost from April 2025
The boost in the Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS) payments will provide essential financial support to seniors across Canada.
The increase in the CPP amount is part of the CRA’s annual review process, while OAS and GIS adjustments will be reviewed quarterly.
While the CPP will see a fixed annual increase, OAS and GIS payments will be updated every three months. This ensures that retirees receive timely assistance in response to ongoing inflationary pressures.
CPP Payment Increase for 2025
As part of its annual review, the CPP payment will experience a $68.4 increase per month in 2025. The maximum monthly amount will rise from $1,364.60 in 2024 to $1,433 in 2025. This increase will be available to all CPP recipients starting in April 2025.
Benefit Name | 2025 Amount | 2024 Amount | Boost |
---|---|---|---|
CPP | $1,433 | $1,364.60 | $68.4 |
OAS Payment Details for 2025
The OAS payment is reviewed quarterly by the CRA. However, for the period from April to June 2025, no change will be made to the amounts.
Seniors aged 65 to 74 and those 75 and older will continue to receive the same payments as in the first quarter of 2025. No boost is applied for this period.
Age Group | 2025 First Quarter Amount | 2024 Second Quarter Amount | Boost |
---|---|---|---|
Seniors Aged 65 to 74 | $727.67 | $727.67 | No Boost |
Seniors Aged 75 and Older | $800.44 | $800.44 | No Boost |
GIS Payment Update for 2025
The GIS payments are also reviewed quarterly by the CRA. For the second quarter of 2025, no changes will be made. The GIS payments for individuals and couples will remain the same as the previous quarter.
Category | 2025 First Quarter Amount | 2024 Second Quarter Amount | Boost |
---|---|---|---|
Single | $1,086.88 | $1,086.88 | No Boost |
Married (Partner Receiving Full Pension) | $654.23 | $654.23 | No Boost |
Married (Partner Not Receiving Full Pension and Allowance) | $1,086.88 | $1,086.88 | No Boost |
Married (Partner Receiving Allowance) | $654.23 | $654.23 | No Boost |
Canada Benefits Payment Schedule for April 2025
The CPP, OAS, and GIS payments will be distributed according to the CRA’s standard schedule. Below is a table outlining the key dates for the payment distribution in 2025:
Year/Month | CRA Payment Schedule |
---|---|
2025/January | 29th |
2025/February | 26th |
2025/March | 27th |
2025/April | 28th |
2025/May | 28th |
2025/June | 26th |
2025/July | 29th |
2025/August | 27th |
2025/September | 25th |
2025/October | 29th |
2025/November | 26th |
2025/December | 22nd |
the April 2025 CPP, OAS, and GIS payment adjustments will provide crucial financial support for Canadian seniors.
While CPP benefits will see a monthly increase, OAS and GIS will remain unchanged for the April to June period. These adjustments highlight the government’s ongoing commitment to supporting retirees.
FAQs
When will the new CPP, OAS, and GIS payments begin?
The new payment amounts will take effect starting in April 2025.
Why are there no changes to the OAS and GIS payments for the April to June period?
The CRA has confirmed that there will be no increases in the OAS and GIS for this specific period, with adjustments reviewed quarterly.
How often will the CPP, OAS, and GIS payments be adjusted?
CPP is reviewed annually, while OAS and GIS are reviewed and adjusted quarterly by the CRA.