February 2026 brought an updated payment schedule for two of Canada’s most important retirement benefits: the Canada Pension Plan (CPP) and Old Age Security (OAS). For many seniors who receive both, the combined deposit can reach $2,100+ per month, depending on age, contribution history, and eligibility.
Below is what changed (and what didn’t), the official February 2026 payment date, and the latest maximum amounts published by the Government of Canada.
February 2026 CPP And OAS Payment Date
The Government of Canada lists the official February 2026 payment date for both programs as:
- CPP payment date: February 25, 2026
- OAS payment date: February 25, 2026
In most cases, seniors who receive both CPP and OAS will see their deposits arrive on the same day (often as a combined direct deposit, depending on banking and account setup).
How Much CPP Pays In 2026
CPP retirement payments are based on your contributions, years of contributions, and the age you start your pension.
For January 2026, the Government of Canada lists:
- Maximum CPP retirement pension at age 65: $1,507.65/month
- Average CPP retirement pension at age 65 (shown on the page): $803.76/month
Why Your CPP Amount May Be Lower Than The Maximum
Most people do not receive the maximum. To qualify for the top amount, you generally need a long history of maximum-level contributions through your working years. CPP also increases if you delay starting it (and decreases if you start early), because the plan adjusts payments based on start age.
How Much OAS Pays In 2026
OAS is different from CPP: it’s based mainly on your age, residency history in Canada, and (for higher-income seniors) is affected by the OAS recovery tax (“clawback”).
For January 2026, the Government of Canada lists maximum OAS amounts as:
- Maximum OAS at age 65 (65–74): $742.31/month
- Maximum OAS at age 75+ : $816.54/month
OAS rates are adjusted periodically (the program is indexed), and eligibility can be partial if you have lived in Canada for fewer years.
Combined CPP + OAS: Can Payments Reach $2,100 In February 2026?
Yes—and in some cases, they can exceed it. Here’s what the published maximums show using the Government of Canada’s January 2026 figures:
- Age 65–74 maximum (CPP + OAS):
$1,507.65 + $742.31 = $2,249.96/month (maximum scenario) - Age 75+ maximum (CPP + OAS):
$1,507.65 + $816.54 = $2,324.19/month (maximum scenario)
So, “up to $2,100” is a realistic combined figure for many households (especially with a strong CPP record), but the top-end maximums can be higher for those who qualify for maximum CPP and maximum OAS.
Important Notes That Can Change Your Deposit Amount
1) OAS Recovery Tax (Clawback)
If your income is above the yearly threshold, some or all of your OAS can be repaid through the recovery tax. The Government of Canada publishes the recovery thresholds by period and age band.
2) Partial OAS Based On Residency
If you have lived in Canada for fewer years, you may receive a partial OAS pension instead of the maximum.
3) CPP Depends On Your Contributions
CPP is not a flat benefit. Two people the same age can receive very different CPP payments based on earnings and contribution history.
How To Confirm Your CPP And OAS Payment Details
To see your personal payment dates, amounts, and tax slip information, the Government of Canada directs seniors to use My Service Canada Account (MSCA) for CPP and OAS-related details.
Conclusion
February 25, 2026 is the official payment date for both CPP and OAS, making it a key deposit day for Canadian seniors. While the exact amount varies by person, the Government of Canada’s published January 2026 maximums show that combined CPP + OAS can reach $2,100+ per month, and even higher for those eligible for the maximum rates. Staying updated through official schedules and checking your MSCA details can help you plan monthly expenses with more confidence.
FAQs
What is the CPP and OAS payment date for February 2026?
The Government of Canada lists February 25, 2026 as the payment date for both CPP and OAS.
Can I receive CPP and OAS on the same day?
Yes. CPP and OAS are typically paid on the same scheduled date each month, and in February 2026 that date is February 25.
Why is my combined CPP + OAS less than $2,100?
Your total depends on your CPP contribution history, whether your OAS is partial, and whether any OAS recovery tax applies based on income.