$1,300 CPP Payments in 2025 — How to Claim and When to Expect Your Payment

Published On: July 14, 2025

The Canada Pension Plan (CPP) is a key source of income for retired Canadians. If you’re retiring in 2025, you could be eligible to receive up to $1,433 per month depending on your earnings history and when you choose to start your payments. Whether you’re planning your retirement soon or helping a loved one, knowing how CPP works can help you make better financial decisions.

In this guide, we’ll explain who qualifies, how much you could receive, when payments arrive, and what’s new for 2025.

Overview

Topic	Details
Max Monthly CPP (2025)	$1,433 at age 65
Average CPP (Jan 2025)	$899.67
Earliest Start Age	60 (with reduction)
Delayed Start Age	Up to age 70 (with increase)
Contribution Rates	5.95% (employee/employer), 11.9% (self-employed)
Payment Dates	Monthly, third-to-last business day
Application Methods	Online (My Service Canada), or by mail

Canada Pension Plan

The CPP is a federal pension plan designed to replace part of your employment income when you retire. It’s funded by contributions from employees, employers, and self-employed Canadians throughout their working years. It’s also tied to inflation, making it a reliable form of income for your later years.

Who Pays into CPP?

If you’re employed: both you and your employer contribute 5.95%
If you’re self-employed: you contribute the full 11.9%
You contribute on annual earnings between $3,500 and a maximum ceiling

Who Is Eligible?

To receive CPP payments, you must:

Be at least 60 years old
Have made at least one valid contribution during your working life

The amount you receive depends on your income history, how many years you contributed, and your age when you start receiving benefits.

Payment Scenarios

At age 65: Standard payment up to $1,433/month
Before 65: 0.6% reduction per month early (up to 36% if you start at 60)
After 65: 0.7% increase per month delayed (up to 42% boost at age 70)

CPP Payment Dates for 2025

Payments are issued on the third-to-last business day of each month:

January 29
February 26
March 27
April 28
May 28
June 26
July 29
August 27
September 25
October 29
November 26
December 22

Direct deposit is the fastest way to receive your money, but mailed cheques are also available.

How to Apply

Sign in to your My Service Canada Account
Go to the CPP Retirement Pension section
Complete and submit your application
Receive confirmation and check your application status online

Apply by Mail

Download the form ISP-1000
Fill it out and mail it to the nearest Service Canada office
Processing by mail can take longer — up to 120 days

Processing Times

Online: Around 28 days
Mail: Up to 4 months, depending on volume and location

2025 CPP Changes and Enhancements

Starting in 2025, CPP benefits are being enhanced to provide better income for future retirees:

The income replacement rate is increasing from 25% to 33.33%
A new second earnings ceiling of $81,200 has been added for higher-income earners
If you earn between $71,300 and $81,200, you’ll contribute more — but also receive more later

These updates are designed to improve retirement security, especially for younger Canadians still in the workforce.

Tax Implications

CPP is taxable income. You’ll receive a T4A(P) form each year to report on your tax return.

You can request taxes to be deducted automatically from each payment to avoid owing a large amount at tax time.

Tips to Maximize Your CPP

Delay your CPP start: Waiting until age 70 gives you a 42% higher monthly payment
Track your contributions: Log into your My Service Canada Account to view your history
Coordinate with OAS: Combine your CPP with Old Age Security for additional income
Talk to a financial planner: They can help you decide when to start and how CPP fits with your full retirement plan