If you’re a Canadian retiree or nearing retirement, June 26, 2025, is a date to circle on your calendar. That’s when the Canada Pension Plan (CPP) will issue its next monthly payment, and for some eligible recipients, the maximum benefit has now increased to $1,433.44 per month—a helpful boost amid rising living costs.
This article provides a complete guide on the maximum CPP payout, who qualifies, how payment amounts are calculated, and when to expect your deposit.
When Is the June 2025 CPP Payment Date?
CPP benefits are paid monthly, typically on the third-to-last business day of the month. For June 2025, the payment will be issued on:
Wednesday, June 26, 2025
Those signed up for direct deposit will see the funds automatically transferred into their accounts on that day.
Remaining 2025 CPP Payment Dates:
| Month | Payment Date |
|---|---|
| July | July 29, 2025 |
| August | August 28, 2025 |
| September | September 25, 2025 |
| October | October 29, 2025 |
| November | November 26, 2025 |
| December | December 23, 2025 |
How Much Can You Receive? CPP Amounts for 2025
While the maximum monthly retirement benefit is $1,433.44, not all recipients receive that amount. The average monthly payment for new retirees in 2025 is approximately $899.67.
CPP Benefit Breakdown – 2025
| Benefit Type | Maximum Monthly Amount |
|---|---|
| CPP Retirement Pension (Age 65) | $1,433.44 |
| CPP Disability Benefit | $1,606.78 |
| Survivor’s Pension | Up to $772.12 |
| Combined Retirement + Survivor | Up to $1,433.44 |
| Post-Retirement Benefit (PRB) | Varies by contribution |
Who Is Eligible for the Maximum CPP Payment?
To qualify for June’s CPP payment, and especially for the maximum amount, you must:
- Be at least 60 years old
- Have made valid CPP contributions during your working years
- Have applied for CPP through My Service Canada Account or by mail
- Reside in any province or territory except Quebec (Quebec residents are covered by the QPP)
Factors That Determine Your CPP Payment Amount
Not everyone qualifies for the maximum benefit. Your actual payout depends on these critical variables:
1. Contribution History
The longer and more consistently you contributed to CPP, the better your payout. Maximum contributions nearly every year are required for the full benefit.
2. Annual Employment Income
You must have earned and contributed up to or near the Year’s Maximum Pensionable Earnings (YMPE) annually.
3. Age You Begin Receiving CPP
- Start at 60: Receive a reduced monthly amount
- Start at 65: Receive the standard amount
- Start at 70: Receive up to 42% more than starting at 65
Every month you delay after age 65 adds 0.7% to your benefit.
4. Post-Retirement Contributions (PRB)
Working while receiving CPP after 65? You can still contribute and earn extra benefits.
5. Dropout Provisions
The CPP allows you to exclude low-income years (due to child-rearing or unemployment), increasing your overall average.
How to Get or Update Your CPP Payments
Payments are typically made through direct deposit. To enroll or update your banking info:
- Visit My Service Canada Account online
- Call 1-800-277-9914
- Visit your local Service Canada Centre
Ensure your bank details and contact info are up to date to avoid delays.
With the CPP maximum benefit now at $1,433.44 per month, retirees can breathe a little easier in 2025. Although only high lifetime earners will receive the full amount, all CPP recipients benefit from indexed increases that protect against inflation.
Review your contribution history, choose the right retirement age, and make sure your information is accurate to get the most from your CPP payments.
FAQs
When will I receive my June 2025 CPP payment?
The payment date is June 26, 2025. Funds will be deposited automatically if you use direct deposit.
How can I qualify for the maximum $1,433 CPP payment?
You must have contributed at or above the maximum level for most of your working years, and start receiving benefits at age 65.
Can I increase my CPP payments if I delay retirement?
Yes. Delaying CPP beyond age 65 increases your monthly payment by 0.7% per month, up to 42% more if delayed until age 70.