February amounts for the old age security pension and the Canada Pension Plan retirement pension will roll out to eligible Canadians on Wednesday.

Delaying benefits can also increase payments. CPP benefits increase by 8.4% per year if delayed until age 70. OAS benefits increase by 7.2% annually if deferred until 70. Low-income seniors may ...

CPP Enhancement is an ongoing program that seeks to eventually increase CPP benefits from 25% of a recipient’s working-age salary to 33%. It seeks to achieve this increase by gradually upping the ...

The most important change to the CPP and OAS is the inflation-adjusted payment hikes. In 2025, OAS recipients between the ages of 65 and 74 will receive $727.67 each month, while those over 75 will ...

“In the short run, raising CPP contribution rates for both employers and employees will reduce workers’ take-home pay and increase employers’ wage bills.” Higher employer costs would ...