The Canada Pension Plan (CPP) continues to be the backbone of retirement income for millions of Canadians. In 2025, the maximum CPP retirement pension at age 65 has reached $1,433 per month, marking one of the highest increases in recent years due to stronger wage growth and inflation indexation.
This article breaks down what the $1,433 CPP really means, who can receive the maximum, the updated 2025 payment dates, and the eligibility rules every Canadian senior should understand.
Understanding the $1,433 CPP Amount for 2025
The headline figure — $1,433 per month — represents the maximum CPP retirement pension for someone starting at age 65 in 2025. This is not what everyone receives. Most seniors get less because CPP payouts depend on:
- Your contribution history
- Your annual earnings over your career
- How early or late you start your pension
The average CPP retirement pension at 65 for new beneficiaries in 2025 is around $848 per month, showing a significant gap between the average and the maximum.
To qualify for the full $1,433, a person must have contributed at the maximum pensionable level for most of their working life — typically 39–40 years.
Key CPP Amounts & 2025 Figures
| CPP Detail (2025) | Updated Amount / Rule |
|---|---|
| Maximum CPP at age 65 | $1,433 per month |
| Average CPP at age 65 | Approx. $848 per month |
| CPP contribution rate (employee) | 5.95% |
| Maximum pensionable earnings 2025 | $71,300 |
| Early start reduction | -0.6% per month before 65 (up to -36%) |
| Late start increase | +0.7% per month after 65 (up to +42%) |
| Earliest start age | 60 years |
| Latest start age | 70 years |
CPP Payment Dates for 2025 (Full Updated Schedule)
CPP Payment Dates 2025 (Simple List)
December 22, 2025
January 29, 2025
February 26, 2025
March 27, 2025
April 28, 2025
May 28, 2025
June 26, 2025
July 29, 2025
August 27, 2025
September 25, 2025
October 29, 2025
November 26, 2025
Seniors using direct deposit usually receive their funds on the same day. Mailed cheques may take a few extra days to arrive.
Eligibility Requirements for CPP in 2025
To qualify for CPP retirement benefits in 2025, you must:
- Be at least 60 years old
- Have made at least one valid contribution to CPP
- Apply for CPP, since it does not start automatically
Who Qualifies for the Maximum $1,433?
To receive close to the maximum, a person must:
- Contribute at the maximum level for most working years
- Have stable mid-to-high annual earnings
- Start CPP at age 65 or delay up to age 70
Starting early lowers your monthly payment permanently. Delaying CPP past 65 increases your benefit significantly — up to 42% more at age 70.
CPP Increases & Indexing in 2025
CPP payments increase annually based on the cost of living index. The rise to $1,433 in 2025 reflects:
- Higher average wages
- Inflation adjustments
- CPP enhancement contributions added in recent years
This ensures retirees maintain stronger purchasing power despite rising living costs.
The $1,433 Canada Pension Plan amount represents the highest possible retirement pension at age 65 in 2025.
While only a small percentage of Canadians receive the maximum, understanding the payment schedule, eligibility rules, and the impact of your contribution history helps you plan your retirement more effectively.
With indexed annual adjustments and reliable monthly payments, CPP remains one of Canada’s most dependable retirement income sources.
Frequently Asked Questions
Will every senior get the $1,433 CPP in 2025?
No. The $1,433 amount is the maximum possible at age 65. Most seniors receive less because their contributions were lower over their working life.
Can I get CPP while working?
Yes. You can work and collect CPP at the same time. If you are under 70, you may continue to contribute, which can increase your income through Post-Retirement Benefits.
Is CPP automatically deposited?
CPP is deposited automatically if you have enrolled for direct deposit. Otherwise, you receive it by cheque.