As a senior in Canada, navigating through the complexities of retirement benefits can be overwhelming.
The good news is, if you’re preparing for retirement or already receiving public pension benefits, you could be eligible for a monthly payment ranging from $1,620 to $2,700 in June 2025.
These figures represent combinations of Canada Pension Plan (CPP), Old Age Security (OAS), and, in some cases, the Guaranteed Income Supplement (GIS).
This guide breaks down the details behind these monthly payment combinations, who qualifies, and how you can maximize your retirement benefits.
Overview of Benefits
The three common payment amounts—$1,620, $1,950, and $2,700—are based on various factors such as age, work history, and financial status.
Whether you’re receiving the standard Canada Pension Plan or benefit from the age 75 OAS boost, or qualify for GIS, understanding these amounts can help you prepare for a comfortable retirement.
| Benefit Type | Monthly Max (2025) |
|---|---|
| Canada Pension Plan (Age 65) | $1,433.00 |
| Canada Pension Plan (Average) | ~$808.14 |
| OAS (Age 65-74) | $727.67 |
| OAS (75+) | $800.44 |
| GIS (Single, Low Income) | $1,086.88 |
| June Payment Date | June 28, 2025 |
What Are CPP and OAS?
Canada Pension Plan (CPP)
The Canada Pension Plan is a pension plan based on your contributions during your working years in Canada. Here’s what you need to know:
- Available from age 60, but full benefits are received at age 65.
- Your monthly Canada Pension Plan amount depends on your earnings and the number of years you contributed.
- If you wait until age 70 to start your Canada Pension Plan, your monthly amount increases by up to 42%.
Old Age Security (OAS)
Unlike Canada Pension Plan, OAS is a residency-based pension, meaning it doesn’t depend on your work history. Instead, it’s based on your residency in Canada.
- Available at age 65.
- To qualify, you must have lived in Canada for at least 10 years after the age of 18.
- OAS is subject to an income clawback if your annual income exceeds $86,912 in 2025.
Guaranteed Income Supplement (GIS)
GIS is a non-taxable supplement for low-income seniors, added on top of OAS:
- It’s available to OAS recipients whose income falls below a certain threshold.
- You must apply through Service Canada, and it’s only available to those with a low income.
Monthly Scenarios
Now, let’s break down the three most common scenarios seniors may receive in June 2025.
$1,620/month Scenario
- Canada Pension Plan (Average): ~$820
- OAS (Ages 65–74): $727.67
- Total: ~$1,620/month
This scenario applies to seniors with average Canada Pension Plan contributions and who are receiving regular OAS.
$1,950/month Scenario
- CPP (Higher Contributor): ~$1,150
- OAS (75+): $800.44
- Total: ~$1,950/month
This applies to seniors with a higher lifetime income and those who are 75 years or older, triggering the OAS increase.
$2,700/month Scenario
- CPP (Maximum): $1,433.00
- OAS (75+): $800.44
- GIS (Low Income): $1,086.88
- Total: ~$2,700/month
This is the highest possible scenario, where seniors qualify for GIS alongside maximum Canada Pension Planand OAS payments.
Eligibility for CPP, OAS, and GIS
CPP Eligibility
- Must be at least 60 years old.
- Must have contributed to Canada Pension Plan during your working years.
- Early application results in a reduced payment, but waiting until 70 increases your monthly benefit.
OAS Eligibility
- Available to those 65 years or older.
- Must have lived in Canada for at least 10 years after turning 18.
- OAS is available globally as long as you meet residency requirements.
GIS Eligibility
- Available for low-income seniors already receiving OAS.
- Income must be below the GIS thresholds.
- Application must be submitted via Service Canada.
When Will You Get Paid?
The June 2025 Canada Pension Plan and OAS payments will be issued on June 28, 2025.
It’s essential to ensure your direct deposit information is up-to-date through your My Service Canada Account to avoid delays.
Tips to Maximize Your Benefits
- Delay CPP: You can increase your monthly Canada Pension Plan by 0.7% per month for each month you delay after age 65, up to 42% by age 70.
- Review Your Contribution Record: Access your complete Canada Pension Plan history to estimate future payments and verify accuracy.
- Avoid OAS Clawback: If your income exceeds $86,912, your OAS will be reduced. Consider income-splitting or strategic withdrawals to stay below the threshold.
- Apply Early: Submit applications for Canada Pension Plan and OAS at least 6 months before you want payments to begin.
- Split CPP: If you and your spouse both receive Canada Pension Plan, consider splitting it to reduce taxable income and avoid OAS clawback.
Understanding how CPP, OAS, and GIS work together can ensure a comfortable and financially secure retirement.
Whether you’re receiving $1,620, $1,950, or up to $2,700 per month, it’s crucial to know how to qualify, apply, and maximize your benefits.
FAQs
When will my June 2025 CPP and OAS payments be made?
Payments will be issued on June 28, 2025.
How do I qualify for GIS?
You must already receive OAS, and your income must be below the GIS thresholds. You must apply through Service Canada.
How can I maximize my Canada Pension Plan benefits?
Consider delaying your Canada Pension Plan until age 70 for a 42% increase in your monthly payments.