Personal Finance

CPP & OAS Payment Dates 2023

In the realm of financial planning, staying informed about key dates is paramount. The Canadian Pension Plan (CPP) and Old Age Security (OAS) payment schedules play a pivotal role in the lives of many Canadians, influencing budgeting and retirement strategies. In this comprehensive guide, we break down the intricacies of the 2023 CPP and OAS payment dates to empower you with the knowledge needed to make informed decisions.

Key Highlights for CPP & OAS Payments Dates 2023

Understanding the Basics

The CPP, designed to provide financial assistance during retirement, disability, or death, operates on a strict payment schedule. In 2023, recipients can anticipate monthly payments, with specific dates outlined by Service Canada. These dates are crucial for effective financial planning and ensuring a stable income stream.

The Old Age Security program complements the CPP, offering financial support to Canadians aged 65 and older. Like the CPP, OAS follows a structured payment schedule, and understanding these dates is paramount for effective financial management.

Upcoming Scheduled Payment

Upcoming Closest Scheduled Payment for Tuesday, November 28, 2023

Anticipate the direct deposit of your funds either on Wednesday the 29th or Thursday the 30th.

The specified dates indicate when the pension program payment system will issue payments. Pensioners can expect their direct deposit within 1-2 business days from the issuance date. For those receiving a mailed cheque, kindly allow 1-2 weeks for Canada Post delivery.

Your CPP and OAS benefits are disbursed through separate direct deposits or mailed cheque(s). In case you are entitled to GIS, the corresponding amount will be deposited concurrently with your OAS benefit payment.

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List of CPP & OAS Payment Dates 2023

Canada Pension Plan Programs Direct deposits encompass Canada Pension Plan (CPP) and disability (CPP-Disability), children’s, and survivor benefits.

Old Age Security Programs Direct deposits include Old Age Security (OAS), Guaranteed Income Supplement (GIS), Allowance, and Allowance for the Survivor.

  • January 27, 2023 (Upcoming payment)
  • February 24, 2023
  • March 29, 2023 
  • April 26, 2023
  • May 29, 2023 
  • June 28, 2023 
  • July 27, 2023 
  • August 29, 2023
  • September 27, 2023
  • October 27, 2023 
  • November 28, 2023 (Upcoming Scheduled payment)
  • December 20, 2023