CRA Confirms Two Federal Payments in One Month — CPP and OAS Deposits After 6 January 2026

CRA Confirms Two Federal Payments – As Canadian retirees and seniors prepare for the new year, the Canada Revenue Agency (CRA) has confirmed that there will be **two major federal benefit deposits affecting retirees in January 2026** — the Canada Pension Plan (CPP) and Old Age Security (OAS) payments. These scheduled federal payments are part of Canada’s ongoing commitment to supporting older residents and contributors, helping millions manage everyday expenses during retirement. Understanding how these payments work and when they arrive is essential for budgeting and financial planning for people living across Canada in 2026. :contentReference[oaicite:0]{index=0}

Canada Pension Plan (CPP) Payments for Canadian Retirees

The **Canada Pension Plan (CPP)** provides monthly retirement income to eligible contributors who have worked and paid into the system during their careers. In 2026, Canadians will continue to receive their CPP pension on the standard schedule, typically on the **last business day of each month**. Eligible retirees across Canada — including those in both urban and rural regions — rely on these funds as a stable source of income throughout the year. The January CPP payment is expected on January 28, 2026, which coincides with a scheduled increase in benefit amounts reflecting inflation adjustments. :contentReference[oaicite:1]{index=1}

Old Age Security (OAS) Schedule for Canadian Seniors

For **Canadian seniors**, the Old Age Security (OAS) pension provides a foundational monthly benefit independent of work history, designed to support basic living costs in retirement. OAS payments are generally issued on the **third-to-last business day of each month**, with January’s payment scheduled for January 28, 2026. Seniors who qualify may also receive additional supplements such as the Guaranteed Income Supplement (GIS), based on income levels. Together with the CPP, OAS forms a crucial part of retirement planning for older adults across Canada. :contentReference[oaicite:2]{index=2}

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Canada Allows Seniors to Work Longer — CPP Deferral Benefits Increase by 8% From 6 January 2026

How CPP and OAS Work for Retirees Across Canada

Understanding both **CPP and OAS benefits** is essential for retirees planning their finances in Canada. The CPP depends on a person’s contribution history — the more years and higher earnings you have, the larger your monthly pension. In contrast, OAS is a residency‑based pension, meaning seniors who have lived in Canada for a specified number of years qualify regardless of work history. Many Canadians receive **both CPP and OAS** payments concurrently, which together create a reliable retirement income stream. In 2026, these payments will continue to be adjusted for inflation to help maintain purchasing power. :contentReference[oaicite:3]{index=3}

Planning Around Federal Payouts for Canadians

It’s important for people across Canada to **plan ahead around CRA and Service Canada benefit dates**, as the timing and amount of payments can affect monthly budgeting and expenses. The federal government publishes detailed calendars for all major benefits, including the CPP, OAS, GST/HST credit, and other supports. Knowing these dates in advance helps recipients manage bills, savings, and essential costs without surprises. Setting up direct deposit through your bank account is the fastest way to receive monthly federal benefits. :contentReference[oaicite:4]{index=4}

Frequently Asked Questions (FAQs)

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Retirement Planning Changes in Canada — Flexible Pension Options Begin 6 January 2026

1. When will the CPP payment occur in January 2026?

The CPP payment for January 2026 is scheduled for January 28, 2026.

2. Do Canadian seniors get both CPP and OAS in the same month?

Yes, eligible seniors typically receive both CPP and OAS payments in the same month when scheduled.

3. Are OAS payments adjusted for inflation in 2026?

Yes, OAS payments are reviewed periodically and can be adjusted for inflation.

4. How can I receive my federal benefit payments faster?

Signing up for direct deposit through your bank ensures the fastest delivery of federal payments.