CPP and OAS Payment Dates 2022 – Canada Pension Plan and Old Age Security Payments

A picture of calculator and budget book to denote calculating the EI benefit changes as of September 26, 2021.

Hello everyone! Every year we like to list the payment dates for both CPP and OAS payments for each month of the year. Hard to believe it’s already 2022, isn’t it? But it is, of course, and having these dates will make it easier for you to plan and to budget each month. We hope this information really helps you.

Your CPP and OAS payments will come on the same day each month, so the dates listed below are the dates you should receive the cheques. If you’d like to see what days these payments came in 2021, you can see our article about that here. Otherwise, please bookmark this page so you can come back every month to check when those cheques will be arriving for the month.

January 2022 CPP and OAS payment date

  • January 27, 2022

February 2022 CPP and OAS payment date

  • February 24, 2022

March 2022 CPP and OAS payment date

  • March 29, 2022

April 2022 CPP and OAS payment date

  • April 27, 2022

May 2022 CPP and OAS Payment date

  • May 27, 2022

June 2022 CPP and OAS Payment Date

  • June 28, 2022

July 2022 CPP and OAS Payment Date

  • July 27, 2022

August 2022 CPP and OAS Payment Date

  • August 29, 2022

September 2022 CPP and OAS Payment Date

  • September 27, 2022

October 2022 CPP and OAS Payment Date

  • October 27, 2022

November 2022 CPP and OAS Payment Date

  • November 28, 2022

December 2022 CPP and OAS Payment Date

  • December 21, 2022

Canada Extending Lockdown Program and Canada Worker Lockdown Benefit

Picture of coronavirus to highlight that Canada is extending lockdown program and Canada worker benefit program.

Due to the the rapid rise of Omicron, Canada is extending the Lockdown Program and the Canada Worker Lockdown Benefit. The government recently announced the changes to these programs to help Canadians navigate this latest wave of coronavirus. What are the changes?

Canada Extending Lockdown Program and Canada Worker Benefit – Changes

For the Lockdown Program, you no longer have to have a local lockdown in your area of more than 14 days. Instead employers would have capacity limits restricted to 50 percent or more. The government will be also reducing the current monthly revenue decline threshold from 40 per cent to 25 per cent. Eligible employers will receive wage and rent subsidies between 25 per cent to 75 per cent.

For the Canada Worker Lockdown Benefit, if a worker’s workplace has been imposed with a 50 percent or more capacity limit, they can apply. The benefits provide $300 per week for those whose are eligible.

The time period in which you can collect with these changes is from December 19, 2021 to February 12, 2022.

In making these changes the Deputy Prime Minister said, ” The Omicron variant is a real and serious threat to the health and safety of Canadians and the capacity of our health care system. In light of the public health situation and new restrictions in a number of provinces, we are temporarily expanding eligibility for key support measures offered for workers and businesses. The federal government will continue to help Canadians through the pandemic and ensure Canada’s economic recovery leaves no one behind.”

Conclusion

The Canadian government has responded quickly to this latest surge of coronavirus. Hopefully these changes will be enough for affected ones to get by this latest surge. Will these changes work or will more changes will be needed? Only time will tell. Stay safe everyone.

Update – Cannot Apply Until 2022

The government said that eligible Canadians cannot apply for the extended Lockdown Program and Lockdown benefit until early 2022. Here’s what a spokesperson for Employment and Social Development Canada told a news outlet on Friday December 24, 2021, “workers in regions covered under the temporary measures should expect to be able to apply early in the new year.” No specific date has been mentioned as of yet but once it is given, we will update.

2nd Update – As of December 30, 2021 You Can Now Apply for Canada Worker Lockdown Benefit

According to CBC News, “The federal government announced today that the Canada Worker Lockdown Benefit (CWLB) is open for applications.

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CRB expiring October 23, 2021 – To be Replaced by Canada Worker Lockdown Benefit

CRB expiring October 23, 2021 – To be Replaced by Canada Worker Lockdown Benefit

A picture of Covid-19 to highlight CRB ending on October 23, 2021 and replaced with lockdown benefit to help people in dealing with covid-19.

The Canada Recovery Benefit for CRB is expiring on Saturday October 23, 2021. It will be replaced by the Lockdown Benefit program. Are there any details regarding this new program?

CRB Expiring October 23, 2021 – Replaced by Canada Worker Lockdown Benefit Program Starting October 24, 2021

According to the Canadian government, this new program will go live as of October 24, 2021. It will provide workers who are subject to a lockdown due to covid-19 with $300.00 per week during the lockdown period. This amount will be also available to the affected workers who are ineligible for Employment Insurance.

According to the Minister of Finance, “temporary lockdowns are still a possibility in the months to come. We want Canadians to know that we intend now to put in place measures that would snap into action immediately,” The Finance Minister also said, “These support measures were always designed to be temporary to get us through the crisis. We’re now in a new phase, one that is very different from the darkest days in the fight against covid”

Canada Recovery Sickness Benefit (CRSB) and Canada Recovery Caregiving Benefit (CRCB) Extended

The government also indicated that both the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB) will be extended up to May 22, 2022.

Conclusion

The adding of a new benefit program is good news to many workers who are still being affected by lockdowns by covid-19. And also the extension of two other programs is good news for many. Hopefully the government’s assessment of the darkest day of the pandemic is behind us. However, covid-19 has been pretty unpredictable so far and vigilance will be needed to make sure that coronavirus will be really behind us. Only time will tell. Everyone please stay safe.

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One Time Payment for Older Seniors Starts This Week (Government of Canada)

A picture of a person holding money to highlight the one time payment for older seniors will be paid out starting this week.

Starting this week, a one time payment for older seniors will be sent out by the Federal government. The amount of this payment is $500.00. This payment is taxable. What are the criteria for receiving this payment?

One Time Payment for Older Seniors – Criteria

The government of Canada’s website lists two criteria for seniors to be eligible for this one time payment. First, the person would have to been born on or before June 30, 1947. Second, they would have to be eligible to receive the Old Age Security pension as of June 2021.

If you have applied for Old Age Security but have not yet been approved, you will receive the one time payment if you are approved for Old Age Security retroactively to June 30, 2021 or earlier.

How Will I Receive My Payment?

The government’s website above says that if you receive your Old Age Security by direct deposit, then the one time payment will be directed deposited to you in the week of August 16, 2021. If you receive your Old Age Security by cheque then you will receive the one time payment by cheque.

Finally, no taxes or deductions will be taken from your one time $500 payment. However, because it is a taxable benefit, you will be sent a tax slip and you will be required to declare this amount on your income tax return for 2021.

Conclusion

The one time payment for older seniors is a nice little boost for them during these difficult times. Many seniors have very little income, so anything extra can go a long way. If you are eligible, make sure that you have applied for Old Age Security to make sure you will receive this payment as this is free money. Actually nothing is really free but this is as free as it can get.

Canada Recovery Benefits Unavailable if You Have Not Filed Your Taxes For 2019 and 2020

Picture of Canadian money to highlight paying taxes and highlight subject of Canada Recovery Benefits unavailable if you have not filed your 2019 and 2020 taxes.

The Canada Recovery Benefits (CRB) are now unavailable to people who have not filed their 2019 and 2020 tax returns. This is according to recent changes to the government of Canada’s website on the criteria of receiving the Canada Recovery Benefits (CRB). This means you need to file your taxes to keep qualifying for the emergency benefit. However there are some exceptions below.

Canada Recovery Benefits Unavailable – Exceptions

A recent news article noted some exceptions to this which are listed below:

  • A 2019 or 2020 tax return won’t be required if you applied for fewer than 21 periods since September 27, 2020.
  •  You applied for the time period of July 4 to 17, 2021, or during earlier time periods.

Conclusion

If you have been collecting the Canada Recovery Benefits or might be planning on applying for it in the new future, you will need file your taxes. The government has this as one of it’s criteria when you apply. So there is no way around it. However, there are exceptions as mentioned above but it is limited. The government has been hinting at this and now it is here. So now we must adjust.

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