The federal government has announced that Canadians will receive their last CPP and OAS payments of the year on December 22, marking the final pension deposit before the year ends.
The federal government has confirmed that CPP and OAS payments will be issued on December 22. This date marks the final pension deposits of the year for millions of Canadians. The payment will arrive just days before the end of the calendar year. Many seniors rely on this income to manage essential expenses.
The December payment carries added importance. It represents the last deposit before benefit increases begin in January 2026. New indexed payment amounts will take effect at the start of the new year. The December deposit will reflect current benefit rates only.
CPP and OAS form the foundation of Canada’s public retirement income system. Together, they provide steady monthly income to retirees. They also support people with disabilities and surviving family members. Long-term contributors depend on these programs for financial stability.
CPP is based on contributions made during working years. Employers and employees share contributions. Self-employed workers pay both portions. OAS works differently. It depends on age and residency rather than employment history. Seniors may qualify for full or partial OAS based on years lived in Canada.
The final payment arrives during a costly time of year. Many households face higher heating bills. Grocery prices remain elevated across the country. Seasonal expenses also increase financial pressure.
For many seniors, predictable income remains essential. The December payment helps cover year-end expenses. It also provides reassurance before payment increases begin in January.
The December CPP and OAS payments will be deposited on December 22. Direct deposits will appear in bank accounts on that date. Cheque delivery times may vary due to postal schedules. Recipients should allow extra time for mail delivery.
CPP and OAS follow the same monthly payment schedule. The next deposit after December will arrive in January 2026. That payment will reflect updated benefit rates.
CPP payments increase every year based on inflation. New rates will take effect on January 1, 2026. This adjustment helps protect purchasing power. Rising living costs make these increases especially important.
OAS payments also increase with inflation. Adjustments occur quarterly throughout the year. Early 2026 increases will reflect price changes from late 2025.
Many younger workers underestimate pension contributions. Newcomers often focus on short-term finances. Long-term participation in CPP builds future income security. Understanding payment schedules and benefit growth helps with planning.
The December 22 payment closes the year. It also signals higher support ahead. CPP and OAS remain central to financial security for millions of Canadians.
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