CPP Payment Dates 2026

2026 CPP Payment Schedule

All 12 CPP payment dates for 2026 (payments are deposited on the third-to-last business day of each month): January 27, 2026; February 25, 2026; March 27, 2026; April 28, 2026; May 27, 2026; June 26, 2026; July 29, 2026; August 27, 2026; September 25, 2026; October 29, 2026; November 26, 2026; December 22, 2026. Payments are issued by Service Canada and deposited directly to your bank account if you have direct deposit set up.

How Much Will You Receive?

Service Canada's reference maximum for new CPP retirement pensions starting at age 65 in January 2026 is $1,507.65/month. Enhanced-CPP maximums for new starts change by month; this is not a universal cap or guaranteed entitlement after 39 years. The published average for new age-65 recipients in July 2026 is $858.34/month.

Use your My Service Canada Account estimate and contribution record. Our CPP Calculator accepts that personal age-65 estimate; without it, results are explicitly illustrative.

CPP Enhancement — Post-2019 Contributions

If you've been working since 2019, you're contributing to the enhanced CPP. This enhancement adds a second 'layer' on top of the base CPP — by 2065, the CPP target replacement rate rises from 25% of earnings to 33%.

For Canadians who work through the 2020s and 2030s, this means meaningfully higher CPP payments. See our CPP Enhancement guide for how this affects your retirement income.

Setting Up CPP Direct Deposit

To receive CPP by direct deposit (strongly recommended — no mail delays or lost cheques): sign in to My Service Canada Account at canada.ca/my-service-canada-account, select 'Payment Information' and add your banking details, or call Service Canada at 1-800-277-9914. Allow 2–3 business days for direct deposit setup to take effect. If you receive a physical cheque, allow 5–7 business days for mail delivery after the payment date.

CPP Taxation

CPP is fully taxable income — it's included on line 11400 of your T1 return and receives no special tax treatment (unlike pension income from a DB plan, which qualifies for the $2,000 Pension Income Amount credit). Service Canada will issue a T4A(P) slip each February showing your total CPP received in the prior year. You can request income tax withholding from CPP payments by filing a TD1 form with Service Canada — useful for retirees who don't have employer withholding.

Receiving CPP Outside Canada

CPP is paid worldwide. If you live outside Canada, the standard non-resident withholding tax is 25%, reduced to 15% for countries with a tax treaty (U.S., Portugal, Spain, Italy, Greece, Mexico, Costa Rica, and most European countries).

CPP payments are converted to local currency through the International Currency Exchange (ICE) program for most countries. See our CPP Outside Canada guide for full details.

What If a CPP Payment Is Missing?

If your expected CPP payment hasn't arrived within 5 business days of the payment date: check your direct deposit information through My Service Canada Account, confirm your bank account details are correct, or contact Service Canada at 1-800-277-9914. Lost or delayed cheques can be reissued — process takes 10–15 business days. Transitioning from cheque to direct deposit takes 1–2 payment cycles.