The Canada Pension Plan (CPP) provides monthly payments to eligible Canadians in retirement or those with disabilities. To plan your finances effectively, it’s important to know when these payments arrive. CPP payments are made on a fixed schedule, usually on the third-to-last business day of each month. For example, if a month ends on a Saturday, payments are sent out on the Thursday before.
You can receive CPP payments through direct deposit or a mailed cheque, but direct deposit is faster and more reliable. If your payment date falls on a holiday, the funds are usually deposited earlier. To ensure you receive payments on time, make sure your banking information or mailing address is up to date with Service Canada.
The CPP payment schedule remains consistent year after year. For 2024, dates include January 29, February 27, March 28, and so on. Knowing these dates can help you plan your expenses, particularly if CPP is your main source of income.
If you’ve applied for CPP but haven’t received your payments, or if there are delays, contact Service Canada for assistance. Staying informed about payment dates ensures you’ll always know when to expect your funds.