Hi everyone! Hope it’s nice and sunny wherever you’re joining us from. I wanted to post a quick and helpful link about Old Age Security payment amounts. On our postOld Age Security and CPP Payments for 2021, Don left a comment and asked a very important question. He asked what the amount would be for his OAS (Old Age Security) payment come January 2021.
You’ll find much more information on the government’s website, but basically the OAS maximum payment amount per month is $614.14. There are also other benefits available, which you can find on the link I provided above. The Old Age Security benefits are reviewed four times a year – in January, April, July and October – to ensure that the payments are reflecting the increased costs of living.
We really hope this link and information helps you to plan and budget for next year. Please take care all, and stay safe.
There aren’t a whole lot of months left in 2020, but I thought knowing the CPP payment dates for the rest of the year would likely be helpful to some of you readers. So, here’s what we found regarding when you’ll be getting your CPP payments for the rest of 2020. Old Age Security payments come out on the same dates, so these will also be included in this list. Hope it’s helpful! Mark these dates on your calendar:
CPP and OAS Payment Date for October 2020
Your October CPP payment this year will be coming on October 28, 2020 – so just a couple of days from when we’re writing this post! (This is also the same date the OAS payment will be coming out, too.)
CPP and OAS Payment Date for November 2020
Your November 2020 CPP and/or OAS payment will be coming on: November 26, 2020.
CPP and OAS Payment Date for December 2020
For the last month of 2020, your Old Age Security and/or CPP payment will be arriving to you on: December 22, 2020.
Knowing when your payments will arrive will help you plan ahead! We’ve also written about financial supports available in Canada during the pandemic crisis, including CERB, and now the CRB and other payments for those who are self-employed OR who have to stay home to care for sick loved ones. Please read these articles for more information:
Will CPP payment dates change during the coronavirus pandemic? It is a logical question to ask as the government is currently involved deeply in “The Canada Emergency Response Benefit” program. This CERB program helps individuals who’ve lost their jobs because of Covid-19. The CERB also helps business owners with grants and loans. As a result, Canadians on CPP might be concerned that this will affect their payments. Will their payments be affected? Will the dates they will receive their payments change? The answer is no.
CPP Payment Dates Stay the Same
Here’s what the federal government’s website has to say regarding this issue: “If you receive federal benefits, including some provincial/territorial benefits, you will receive payment on these dates. If you set up direct deposit, payments will be deposited in your account on these dates.”
Here are the CPP payment dates below for the rest of 2020. This includes the Canada Pension Plan (CPP) retirement pension and disability, children’s and survivor benefits.
January 29, 2020
February 26, 2020
March 27, 2020
April 28, 2020
May 27, 2020
June 26, 2020
July 29, 2020
August 27, 2020
September 28, 2020
October 28, 2020
November 26, 2020
December 22, 2020
If Applying for CPP, Apply Online Due to Covid-19
If you are applying for your Canada Pension, the government strongly suggests you apply online as the process has been simplified to make it easier for you. Notice what the government’s website says about this below:
An important note for people applying for Canada Pension Plan, Canada Pension Plan Disability or Old Age Security.
Due to the COVID-19 pandemic, Service Canada is strongly encouraging you to apply for these benefits online, from the comfort of your home. You will not be required to submit documentation to support your application at this time. Service Canada may be requesting these documents at a later date, but in the meantime, we can begin working on your application.
CPP payment dates will not change amid Covid-19, and that is a relief for many Canadians who depend on these payments. The coronavirus has brought a lot of anxiety to many people, especially our seniors so at least this is one less thing to worry about. And that is definitely a good thing!