Canada pays the February CPP retirement pension installment after a 2% increase.

The Canadian government is set to deposit the second payment of the Canada Pension Plan (CPP) for 2026 on February 25, following an annual increase of 2% that took effect with the January payment.

The payments cover millions of beneficiaries across Canada, including retirees, disability pension recipients, and eligible family members of deceased contributors.

The January 28 payment was the first to reflect the new increase, and the February 25 payment is expected to be the same for most beneficiaries unless there are changes to their personal or tax profile.

Payments are usually deposited in the morning on the scheduled day for those using direct deposit, while mailed checks may take a few additional days depending on the region.

The payments include retirement pensions for individuals who contributed to the plan during their working years, disability benefits (CPP-D), survivor benefits for spouses, partners, and sometimes children, and post-retirement benefits for those who continue working and make additional contributions.

Many seniors also receive Old Age Security (OAS) payments on the same day, meaning they may receive two separate or combined payments on February 25.

The approximate maximum retirement pension at age 65 is about CAD 1,433 per month, while actual amounts vary depending on years of contribution and income level during employment.

If the payment does not arrive on February 25, it is advised to wait until the end of the business day, then check the account on the government portal, and if the issue persists after several days, contact official customer service for assistance.

After the February payment, monthly payments will continue according to the annual schedule, with the next payment scheduled for March 27, 2026.

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