$1,620, $1,950 or $2,700 in April? CRA Reveals CPP & OAS Benefits – Check Now!

CRA Reveals CPP & OAS Benefits – If you’re a Canadian senior citizen or soon to be retired, you’ve probably seen the buzz around these numbers: $1,620, $1,950, and $2,700. These figures aren’t random. They relate directly to your Canada Pension Plan (CPP) and Old Age Security (OAS) payments. The Canada Revenue Agency (CRA) and Service Canada have released their updated payment schedules and maximum benefit amounts for April 2025. Let’s break down exactly what these numbers mean for you, how to check if you qualify, and how to make the most of your benefits.

CRA Reveals CPP & OAS Benefits

Detail	Information
CPP Max Monthly (2025)	$1,433.44 (at age 65)
OAS Max Monthly (Age 65-74)	$727.67
OAS Max Monthly (Age 75+)	$800.44
Combined CPP + OAS (Age 65)	Up to $2,161.11/month
Combined CPP + OAS (Age 75+)	Up to $2,233.88/month
Common Monthly Amounts	$1,620, $1,950, or $2,700 depending on eligibility and credits
Next Payment Date	April 26, 2025
Official Website	canada.ca

Whether you’re expecting $1,620, $1,950, or $2,700 in April, your CPP and OAS benefits are a vital part of retirement planning. The CRA and Service Canada offer helpful tools to guide you through eligibility, timing, and maximizing your income. Make sure you check your account, apply on time, and update your banking info to get your money without delay.

What Are CPP and OAS?

Let’s start with the basics. The Canada Pension Plan (CPP) is a retirement pension funded by contributions from workers and employers. You can start receiving CPP as early as age 60 or delay until 70 for larger payouts. Meanwhile, Old Age Security (OAS) is a government-funded monthly pension available to most Canadians 65 and older.

These programs help seniors maintain income after retirement and are key pillars of retirement planning in Canada.

Breaking Down the April 2025 Figures

So where do $1,620, $1,950, and $2,700 fit in?

• $1,620/month: A common combined payout for seniors who began collecting CPP early and are receiving regular OAS.
• $1,950/month: A typical payout for those who worked longer, contributed more to CPP, or deferred their pension.
• $2,700/month: Possible for high CPP contributors who deferred benefits and now qualify for enhanced CPP plus OAS at age 75+.

Note: These are illustrative examples. Your actual payments depend on your personal work history, contributions, age of claim, and residence status.

You can verify your exact entitlement using your My Service Canada Account here: https://www.canada.ca/en/employment-social-development/services/my-account.html

Who Qualifies for These Payments?

CPP Eligibility:

• Made at least one valid CPP contribution
• At least 60 years old

OAS Eligibility:

• 65 years or older
• Lived in Canada for at least 10 years since age 18

To get the maximum OAS, you need 40 years of residency in Canada after age 18.

If you live outside Canada, you may still qualify for partial OAS, depending on your residency history.

When Will You Get Paid in April?

CRA confirms that CPP and OAS payments for April 2025 will be issued on Friday, April 26, 2025. If you’re enrolled in direct deposit, the money typically lands in your account on the same day.

Make sure your bank information is updated in your My Service Canada Account to avoid delays.

How to Maximize Your Retirement Benefits?

1. Delay CPP or OAS

• Delaying CPP beyond age 65 increases payments by 8.4% per year.
• Delaying OAS beyond 65 increases payments by 7.2% per year.

2. Contribute Longer to CPP

• The more years you contribute, especially at higher income levels, the higher your CPP payout.

3. Apply for GIS if Eligible

• The Guaranteed Income Supplement (GIS) provides extra, non-taxable income to low-income OAS recipients.
• Apply via canada.ca

4. Avoid Early Claiming Unless Necessary

• Early CPP/OAS claiming permanently reduces your monthly amount. Consider delaying if financially possible.

5. Stay Tax-Efficient

• Explore pension income splitting with a spouse to reduce tax burden.
• Consider TFSA withdrawals over RRSP withdrawals to maintain income-tested benefits.

Provincial Supplements and Credits

Some provinces offer additional top-ups or credits for seniors:

• Alberta Seniors Benefit
• Ontario GAINS (Guaranteed Annual Income System)
• BC Senior’s Supplement

Check your province’s website or talk to a benefits advisor for more.

Are One-Time Bonuses or Extra Payments Coming?

In recent months, there have been rumors of extra relief payments of $1,500 to $3,250 for seniors to address inflation. While some provinces offer top-ups or rebates, no official federal bonus has been confirmed for April 2025.

You can check for updates here: CRA Newsroom

Common Mistakes to Avoid

• Forgetting to apply: CPP is not automatic. You must apply.
• Applying too early: Claiming at 60 locks in a permanent reduction.
• Missing GIS: Many eligible seniors don’t know about it.
• Bank info not updated: Leads to missed or delayed payments.
• Not reviewing annually: Situations change; review your benefits regularly.

Tools to Help You Calculate and Plan

Use these resources for accurate planning:

• CPP Retirement Pension Calculator
• OAS Eligibility Estimator
• Service Canada Contact Info

These tools help you plan when to start, how much you’ll get, and what steps to take to increase your benefits.

FAQs

Can I receive both CPP and OAS?

Yes, most seniors receive both. CPP depends on your contributions, OAS on your residency.

Is CPP taxable?

Yes, both CPP and OAS are taxable income and must be reported.

How do I check my payment amount?

Log into your My Service Canada Account or call Service Canada at 1-800-277-9914.

What if I live outside Canada?

You may receive OAS if you lived in Canada for at least 20 years after age 18.

When should I apply?

Apply for CPP 6 months before you want to start. OAS is usually automatic, but you should check your status.

What happens if I keep working while receiving CPP?

You can continue to work and receive CPP. If you’re under 70, you can also contribute to the Post-Retirement Benefit (PRB) to increase your future payments.

Can my spouse and I share CPP income?

Yes, CPP pension sharing is allowed and may lower your combined tax bill.