For those receiving Canada Pension Plan (CPP) benefits, knowing the payment schedule is essential. CPP payments are sent out every month, usually on the third-to-last business day. This predictable schedule allows recipients to plan their budgets with ease.
In 2024, key payment dates include January 29, February 27, March 28, and April 26. These dates apply universally for retirement pensions, disability benefits, and survivor pensions. Direct deposit is the preferred method for receiving payments quickly, while cheques may take longer to arrive.
If your payment falls on a holiday, expect to receive it earlier. To ensure there are no delays, make sure your banking information or address is accurate and up to date with Service Canada.
If you don’t see your payment on the expected date, contact Service Canada promptly. They can help identify and resolve any issues.
Knowing CPP payment dates gives peace of mind and helps you manage expenses effectively. With a consistent schedule, financial planning becomes simpler, allowing you to focus on enjoying your retirement or managing other priorities.