This week, several federal benefits will be distributed, including Canada Pension Plan (CPP), Old Age Security (OAS), Ontario Disability Support Program (ODSP), and Veteran Disability Pension payments.
Below are the details about when to expect your payments and how much you could receive.
Payment Dates for February 2025
- Canada Pension Plan (CPP): Payments will be made on Wednesday, February 26.
- Old Age Security (OAS): Payments will also be distributed on Wednesday, February 26.
- Veteran Disability Pension: Payments will arrive on Thursday, February 27.
- Ontario Disability Support Program (ODSP): The ODSP payments will be available on Friday, February 28.
How Much Can You Receive Through CPP?
To qualify for Canada Pension Plan (CPP), you need to be at least 60 years old and have made at least one contribution to the plan.
Contributions are typically from work performed in Canada or through credits received from a former spouse or common-law partner.
The amount you can receive depends on several factors, including:
- The age at which you start your pension.
- The duration and amount of your contributions.
- Your average earnings throughout your career.
For 2025, if you begin your CPP at the age of 65, the maximum monthly benefit could be $1,364.60. As of July 2024, the average new retirement pension at age 65 was $815. The exact amount will vary depending on your individual situation.
You can estimate your monthly CPP pension by logging into your My Service Canada Account.
Federal and Provincial Payment Schedule for February 2025
| Benefit | Payment Date |
|---|---|
| Canada Pension Plan (CPP) | February 26 |
| Old Age Security (OAS) | February 26 |
| Veteran Disability Pension | February 27 |
| Ontario Disability Support Program (ODSP) | February 28 |
Who Is Eligible for OAS and Do I Need to Enroll?
The Old Age Security (OAS) pension is a monthly payment available to those who are 65 years or older.
In most instances, Service Canada automatically enrolls eligible individuals if they have enough available information. If you qualify, you will be notified by Service Canada about your enrollment status.
Eligibility and Payments for ODSP
The Ontario Disability Support Program (ODSP) provides financial assistance to help cover living expenses, including:
- Rent,
- Food,
- Health benefits, such as prescription drugs and vision care,
- Employment support to help find or maintain a job.
If you’re eligible, the amount of financial support you will receive is dependent on your specific situation. For a single person, the maximum monthly amount for basic needs and shelter is $1,368.
ODSP payments are typically issued on the last business day of each month, but December payments may arrive earlier.
Who Qualifies for Veteran Disability Pension?
A Veteran Disability Pension is a tax-free benefit provided by Veterans Affairs Canada. It is designed to support veterans who have a disability related to their service. The payment amount depends on:
- The degree to which your condition is connected to your service (entitlement).
- The severity of your condition and its impact on your quality of life (assessment).
What to Do If You Don’t Receive Your Federal Payment
If your payment hasn’t arrived, wait 10 working days from the payment date before contacting the Canada Revenue Agency (CRA) for assistance.
This week, expect timely payments for various federal benefits, including CPP, OAS, ODSP, and Veteran Disability Pension.
Make sure to check the exact dates for each payment to ensure you receive your benefits on time. If there are any issues with your payments, allow sufficient time before reaching out to the relevant authorities.
FAQs
How do I know if I’m eligible for the CPP?
To be eligible for CPP, you must be at least 60 years old and have made at least one contribution to the plan through work in Canada or credits from a former partner.
When should I expect my OAS payment?
OAS payments are made on February 26, 2025, for those who are 65 years old or older and have been automatically enrolled.
How much can I get from ODSP?
For a single person, ODSP payments can provide up to $1,368 per month for basic needs and shelter.