Canadians receiving federal retirement benefits should keep an eye on their bank accounts this week, as the next Canada Pension Plan (CPP) and Old Age Security (OAS) payments are scheduled to arrive on Thursday, August 27, 2026.
The two government benefits provide monthly income to eligible seniors and retirees, although the amount a person receives can vary significantly depending on their circumstances. CPP is largely based on a person's contributions and earnings during their working years, while OAS eligibility is primarily tied to age, residency and income.
