For many Canadians, planning monthly finances means knowing exactly when pension and security benefits will arrive. In August 2025, both the Canada Pension Plan (CPP) and Old Age Security (OAS) benefits will be deposited on the same day. Below is a breakdown of when to expect your payments and what amount you could receive.
Canada Pension Plan (CPP) – August 27, 2025
Deposit Date: Wednesday, August 27, 2025
Amount:
- Maximum Monthly Amount: $1,433.00 at age 65 for those who have made the maximum contributions throughout their working life.
- Average Monthly Amount: Approximately $844.53 for new beneficiaries as of April 2025.
Eligibility:
- Age: You can begin receiving CPP as early as age 60, with a reduction in monthly benefits. The standard age is 65, and delaying until age 70 increases the monthly benefit.
- Contributions: The amount you receive is based on your contributions during your working years. The more you contributed, the higher your monthly benefit.
New $808.44 OAS Payment August 2025: Eligibility & Deposit Date Explained
Old Age Security (OAS) – August 27, 2025
Deposit Date: Wednesday, August 27, 2025
Amount:
- Ages 65–74: $734.95 per month.
- Age 75 and over: $808.45 per month.
Eligibility:
- Age: Must be 65 years or older.
- Residency: Must have lived in Canada for at least 10 years after turning 18.
- Income: OAS is subject to a clawback if your net world income exceeds certain thresholds. For 2025, the repayment range is:
- Ages 65–74: Net world income between $93,454 and $151,959.
- Ages 75 and over: Net world income between $93,454 and $157,810.
CRA Benefit Direct Deposit Dates August 2025: What Seniors, Families, and Workers Need to Know
Summary Table
| Benefit Program | Deposit Date | Age Group | Monthly Amount |
|---|---|---|---|
| CPP | August 27, 2025 | All ages | Up to $1,433.00 |
| OAS | August 27, 2025 | 65–74 | $734.95 |
| OAS | August 27, 2025 | 75+ | $808.45 |
Why This Information Matters
Knowing the CPP and OAS direct deposit dates and amounts allows you to plan your finances effectively. Whether you’re budgeting for monthly expenses or saving for future needs, understanding when and how much you’ll receive ensures you’re prepared.