If you’re nearing retirement or already retired in Canada, you may have seen headlines about a $3,716 monthly pension available in 2025. But is it a new government benefit or simply a total of existing programs?
This article breaks down the facts behind that number—what it includes, who qualifies, when payments are made, and most importantly, how you can optimize your retirement income.
Not a Single Payment, But a Combined Total
Let’s get one thing clear upfront: the $3,716 figure is not a new standalone benefit. It’s the combined monthly maximum of three existing federal pension programs:
| Program | Max Monthly Amount (2025) |
|---|---|
| Old Age Security (OAS) | $727.67 (age 65–74) / $800.44 (75+) |
| Canada Pension Plan (CPP) | Up to $1,364.60 |
| Guaranteed Income Supplement (GIS) | Up to $1,086.88 |
| Total (Potential Maximum) | Up to $3,716/month |
This combined payout is only possible if you qualify for all three at their highest levels. Many retirees will receive less, but with the right planning, you can get closer to that total.
Old Age Security (OAS): Canada’s Base Retirement Benefit
The OAS pension is a monthly payment provided to seniors aged 65 and over, whether or not they ever worked. It’s funded from general tax revenues and doesn’t depend on contributions.
OAS Eligibility Requirements:
- Must be 65 years or older
- Must be a Canadian citizen or legal resident
- Lived in Canada for at least 10 years after turning 18 (20 years if applying from abroad)
2025 OAS Payment Amounts:
- $727.67/month (for seniors aged 65–74)
- $800.44/month (for seniors aged 75+)
You can increase your OAS by deferring payments. Every month you delay (up to age 70), your benefit increases by 0.6%—a 5-year delay equals a 36% boost.
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Important: If your net income in 2025 exceeds $86,912, your OAS will be reduced due to the OAS Recovery Tax, also known as the “clawback.”
Canada Pension Plan (CPP): Based on Your Contributions
Unlike OAS, the Canada Pension Plan is an employment-based pension. You and your employer pay into CPP during your working years, and your eventual payout depends on:
- How long you contributed
- How much you earned during those years
- The age you start receiving CPP
CPP Payment Details (2025):
- Average monthly CPP: $811.21
- Maximum monthly CPP: $1,364.60
You can start CPP as early as age 60, but your benefits are reduced. If you delay until age 70, your CPP payment grows by 8.4% per year beyond age 65—a good move if you’re in good health and don’t need the income right away.
Guaranteed Income Supplement (GIS): Support for Low-Income Seniors
The GIS is a tax-free supplement for low-income seniors who receive OAS. It provides monthly income support on top of your OAS payments and is based on your individual or household income.
Maximum GIS (2025):
- Up to $1,086.88/month for single seniors
- Amount decreases as other income increases
This means even if you don’t receive the maximum CPP, GIS can help you reach a more livable monthly pension total.
To apply for GIS, simply check the GIS box when applying for OAS. Service Canada automatically determines your eligibility based on your most recent income tax return.
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How to Apply for These Pension Benefits
Applying for your retirement benefits doesn’t have to be complicated. Here’s how to get started:
1. Check Eligibility
- Review your age, residency history, and income level
- Understand what you qualify for: OAS, CPP, GIS—or all three
2. Prepare Documents
- Social Insurance Number (SIN)
- Tax return details
- Direct deposit banking information
3. Submit Your Application
- Use the My Service Canada Account (MSCA) portal for faster processing
- Or apply via paper forms if you prefer traditional methods
4. Track Your Application
- Online or by calling Service Canada
- Most applications are processed in 6 to 8 weeks
Are These Payments Taxable?
- OAS and CPP are taxable income, and you may see deductions at source or during tax season
- GIS payments are completely tax-free
Plan your finances accordingly, especially if you’re combining pension income with other taxable sources.
When Will You Get Paid? 2025 Pension Payment Dates
Here are the scheduled payment dates for CPP, OAS, and GIS in 2025:
| Month | Payment Date |
|---|---|
| January | Jan 29, 2025 |
| February | Feb 26, 2025 |
| March | Mar 27, 2025 |
| April | Apr 28, 2025 |
| May | May 28, 2025 |
| June | Jun 26, 2025 |
| July | Jul 29, 2025 |
| August | Aug 27, 2025 |
| September | Sep 25, 2025 |
| October | Oct 29, 2025 |
| November | Nov 26, 2025 |
| December | Dec 22, 2025 |
Direct deposit is the fastest and safest way to get your pension payments. You can enroll or update your info through My Service Canada Account.
Tips to Maximize Your Monthly Pension
If you want to get the most out of your retirement benefits, keep these strategies in mind:
- Delay OAS or CPP to receive higher monthly amounts
- Keep taxable income below clawback thresholds
- Apply for GIS if your income is low—it’s a major boost
- Stay informed through Service Canada and government updates
FAQs
Q1. How much pension can I receive per month in Canada in 2025?
Up to $3,716/month if you qualify for the maximum OAS, CPP, and GIS.
Q2. Is there a single $3,716 pension payment?
No, it’s a combined total of three separate programs: OAS, CPP, and GIS.
Q3. Can I increase my OAS or CPP by delaying it?
Yes. Delaying OAS increases it by 0.6% per month, and CPP grows 8.4% per year if delayed past 65.
Q4. Is GIS taxable?
No. The Guaranteed Income Supplement is tax-free.
Q5.When are pension payments made?
Usually on the last 3 business days of each month, with exact dates listed by Service Canada.