Canada continues to prioritize the well-being of seniors by implementing multiple financial support programs through the Canada Revenue Agency (CRA). Among these initiatives, the Canada Pension Benefit and Old Age Payment are the two most significant ones. These programs serve as a lifeline for Canadian seniors. They are especially important given rising living costs. A new CPP/OAS payment for seniors is scheduled for February 2025. Programs like these provide Canadians with reliable income sources that help them cover essential expenses like housing, healthcare, and food. They are periodically adjusted to keep benefits aligned with inflation.
In February 2025, seniors will receive a new CPP/OAS payment
CPP is a social contributory insurance plan that provides retirement income to Canadians who have worked and contributed during their employment. In 2025, the Government has restructured the CPP payments to reflect increased living costs. These changes will take effect throughout the year, including February. Those who are 65 years of age or older are eligible for the OAS benefit, another Canadian retirement income payment. In February 2025, the CRA will adjust CPP/OAS benefits to reflect changes in CPI and living costs. From January to March 2025, the CRA did not raise these benefits.
Overview of Canada’s New Pension and OAS Payment in February 2025
| Post Title | New CPP/OAS Payment for Seniors In Feb 2025 |
| Year | 2025 |
| Country Name | Canada |
| Month | February |
| Issuing Agency | CRA |
| Program Name | Old Age Payment & Pension Payment |
| New CPP/OAS Eligibility 2025 | Retirees and Seniors in Canada |
| Purpose | Financial Aid |
| CRA CPP & OAS Benefit Amount 2025 | See this guide |
| Post Category | Finance |
| New CRA Benefits Schedule 2025 | 26th February, 2025 |
| Official Web Page | www.canada.ca |
Eligibility for CPP/OAS in 2025
Criteria for eligibility for the CPP:
- At the time of employment, individuals must contribute to the CPP.
- It is possible to claim CPP as early as 60, but the amount will be reduced each month.
- The applicant must be a Canadian citizen or resident.
Criteria for OAS eligibility:
- 65-year-old Canadians will receive old age benefits.
- Applicants must be Canadian citizens or residents.
- This benefit is available to Canadians who have had legal residency in Canada for ten years.
- According to the CRA income thresholds, the previous year’s income must be as follows:
| Age of Seniors | Annual Income Thresholds |
| 65 Years – 74 Years | $1,48,451 |
| 75 Years or more | $1,54,196 |
Amount of CRA CPP & OAS Benefits in 2025
CPP amounts have been raised to $1433 and OAS amounts have not been raised. The same amounts will be followed for the first quarter of this year. Old age payments will be adjusted by the CRA based on the CPI starting in April 2025. The amounts for pensions and old age payments are as follows:
| Benefit Name | Maximum Monthly Payment |
| Canada Pension Plan | $1,433 (Up from $1,364.60) |
| Old Age Security | Age Amount 65 Years – 74 Years $727.6775 Years or over $800.44 |
In February 2025, CRA will introduce a new schedule of benefits for OAS and CPP
CRA always issues benefits every month and provides the schedule on its website. The old age payment and pension payment follow the same schedule. Here is the schedule for February 2025:
| Month/Year | CRA Payment Dates For February 2025 |
| February/2025 | 26th |
