The Government of Canada has confirmed that Canada Pension Plan (CPP) and Old Age Security (OAS) payments for February 2026 will be issued on February 25, 2026.

For seniors who receive both benefits, combined monthly deposits can exceed $2,100, depending on age, contribution history, and eligibility.

Here’s what’s confirmed for February 2026 and how the maximum amounts break down.

February 2026 CPP and OAS Payment Date

According to the Government of Canada payment schedule:

• CPP Payment Date: February 25, 2026
• OAS Payment Date: February 25, 2026

Most seniors receiving both benefits will see deposits arrive the same day. Payments may appear as separate entries or a combined deposit, depending on banking setup.

Both programs are administered through Service Canada.

CPP Retirement Pension Amounts for 2026

CPP retirement benefits depend on:

• Total contributions made during working years
• Average pensionable earnings
• Age benefits begin

January 2026 Maximums (Age 65)

• Maximum CPP at age 65: $1,507.65 per month
• Average CPP at age 65: $803.76 per month

Most retirees do not receive the maximum amount. To qualify for the top figure, contributors generally must have:

• Contributed at or near maximum levels
• Worked and contributed for most of their eligible years

Starting CPP before 65 reduces payments. Delaying up to age 70 increases monthly amounts.

OAS Pension Amounts for 2026

OAS is not contribution-based. It depends primarily on:

• Age
• Years of residency in Canada
• Income level (for clawback purposes)

January 2026 Maximum OAS Payments

• Ages 65–74: $742.31 per month
• Ages 75 and over: $816.54 per month

OAS is indexed quarterly to inflation.

Can CPP + OAS Exceed $2,100 Per Month?

Yes — and in some cases, significantly.

Maximum Combined (Age 65–74)

$1,507.65 (CPP)

• $742.31 (OAS)
  = $2,249.96 per month

Maximum Combined (Age 75+)

$1,507.65 (CPP)

• $816.54 (OAS)
  = $2,324.19 per month

While many seniors receive less than the maximum CPP amount, combined payments of $2,100+ per month are realistic for those with strong contribution histories.

What Can Reduce Your Payment?

OAS Recovery Tax (Clawback)

Higher-income seniors may repay some or all of their OAS through the annual recovery tax.

Thresholds are updated annually by the Government of Canada.

Partial OAS

If you have lived in Canada for fewer than 40 years after age 18, you may receive partial OAS.

Early CPP Start

Starting CPP at age 60 permanently reduces monthly payments compared to starting at 65.

How to Check Your Personal Amount

Seniors can confirm:

• Exact payment amounts
• Deposit dates
• Tax slip information

By logging into My Service Canada Account (MSCA).

MSCA allows users to:

• View current pension amounts
• Update direct deposit details
• Download T4A(P) and T4A(OAS) tax slips

Why February Matters

February payments reflect:

• Inflation adjustments implemented at the start of the year
• Ongoing CPP enhancement effects
• Updated OAS indexing

For seniors managing fixed incomes, knowing the confirmed payment date helps with budgeting for:

• Housing
• Utilities
• Groceries
• Prescription medications

Frequently Asked Questions (FAQ)

When is the February 2026 CPP payment?

February 25, 2026.

When is the February 2026 OAS payment?

February 25, 2026.

Can CPP and OAS exceed $2,100 combined?

Yes, depending on eligibility and contribution history.

What is the maximum CPP at 65?

$1,507.65 per month (January 2026 rate).

What is the maximum OAS at 65?

$742.31 per month.

Does OAS increase at 75?

Yes, to $816.54 per month.

How do I check my payment?

Through My Service Canada Account.