Retirement planning is one of the most important financial steps in life, and in 2025, Canadians aged 65 and older have a clear advantage through the Canada Pension Plan (CPP). The maximum CPP retirement pension at age 65 is now $1,433 per month, giving retirees steady income support. This benefit is handled by the Canada Revenue Agency (CRA) and is designed to help seniors maintain financial stability during retirement.
In this article, we explain everything you need to know about the $1,433 monthly CPP payment, including eligibility requirements, payment dates, and how your personal contributions determine the amount you receive.
CPP Payment Dates for 2025
CPP benefits are paid monthly, usually on the last three business days of each month. Seniors can expect their payments to be directly deposited into their bank accounts on the scheduled dates.
Here is the CPP payment calendar for the remainder of 2025:
| Month | Payment Date |
|---|---|
| August 2025 | August 27, 2025 |
| September 2025 | September 25, 2025 |
| October 2025 | October 29, 2025 |
| November 2025 | November 26, 2025 |
| December 2025 | December 22, 2025 |
These dates ensure seniors can plan their bills and living expenses with certainty.
Eligibility for the $1,433 Monthly CPP Payment
Not everyone qualifies for the maximum monthly payment. To be eligible, individuals must meet the following conditions:
- Age Requirement – You must be at least 60 years old to start receiving CPP. However, claiming at 65 provides the standard pension, while delaying up to age 70 increases the benefit.
- Contribution Requirement – You must have made valid CPP contributions during your working life, which are deducted automatically from your income through payroll.
- Residency – You must have lived and worked in Canada while making CPP contributions.
- Tax Compliance – Taxes and contributions must be up to date.
The maximum payment of $1,433/month is typically reserved for those who have contributed the maximum amount to CPP for at least 39 years.
How the CPP Amount is Calculated
The CRA calculates your CPP retirement benefit based on three key factors:
- Age you begin taking CPP
- At 60, your benefit is reduced by up to 36%.
- At 65, you receive the standard calculation.
- At 70, your benefit may increase by up to 42%.
- Average Lifetime Earnings
- Higher contributions from higher earnings increase your monthly CPP amount.
- Total Years of Contribution
- A long and consistent contribution history results in higher monthly payments.
This ensures CPP reflects both your earnings history and retirement timing choice.
| Detail | Information |
|---|---|
| Maximum Monthly CPP (2025, age 65) | $1,433 |
| Average Monthly CPP (2025) | Around $844 |
| Minimum Age to Claim | 60 years |
| Standard Age for Full CPP | 65 years |
| Maximum Age to Defer | 70 years |
| September 2025 Payment Date | September 25, 2025 |
| Payment Mode | Direct deposit or mailed cheque |
| Administered By | Canada Revenue Agency (CRA) |
Why the $1,433 Matters for Seniors
The $1,433 monthly maximum benefit helps seniors cover essential costs like:
- Housing and utilities.
- Food and daily expenses.
- Medical and prescription needs.
- Transportation and personal costs.
This consistent income stream provides financial security for retirees who may no longer have employment earnings.
The $1,433 CRA monthly payment in 2025 represents the maximum CPP benefit available to Canadians retiring at age 65. While not everyone will receive the full amount, understanding the eligibility rules, payment schedule, and calculation factors can help you make informed decisions about when to start your pension.
With payments set for the last three business days of each month, including September 25, 2025, Canadian seniors can rely on a predictable income stream to support their retirement years.
FAQs
No. This is the maximum benefit at age 65. The average CPP retirement pension is around $844 per month.
The CPP payment for September 2025 is scheduled for September 25, 2025.
Yes. If you delay your CPP until age 70, your monthly benefit can increase by up to 42%