Canadians are set to receive their next Canada Pension Plan (CPP) payments on January 28, 2026, which will be higher than previous payments. This increase is part of the annual CPP indexation process, which adjusts benefits every January based on inflation, specifically the Consumer Price Index (CPI). For 2026, the CPP adjustment is confirmed at 2.0%, effective throughout the entire year.
Details of the CPP Payment Increase
The 2.0% increase will apply to various categories of beneficiaries, including retirees, individuals receiving CPP disability, and families receiving survivor benefits. This adjustment aims to help relieve the financial pressures caused by rising living costs.
Key Facts about the CPP Payment Schedule
- Next CPP payment date: January 28, 2026
- Payment increase: 2.0% for the 2026 calendar year
- Eligibility: Most existing CPP recipients, including retirement, CPP-D, and survivor benefits
- Verification: Recipients can check changes in their amounts through Service Canada
Understanding CPP Payments
The Canada Pension Plan is a fundamental income program for those who have contributed through their employment. Contributions are made automatically via payroll deductions, with employers matching amounts for their employees. Self-employed individuals pay contributions through their income tax filings.
Types of Benefits Offered
- Retirement pension
- Disability benefits (CPP-D)
- Survivor benefits
- Children’s benefits (in applicable cases)
- Death benefit (one-time payment in eligible situations)
- Post-retirement benefit (for those who work while receiving CPP)
Impact of the 2.0% Increase
The 2.0% adjustment means that individuals will see a modest increase in their monthly payments. For instance, a recipient currently receiving $1,000 per month will see their payment rise to $1,020.
| Current Monthly CPP (2025) | Estimated New Monthly CPP (2026) | Monthly Increase | Annual Increase |
|---|---|---|---|
| $500 | $510 | $10 | $120 |
| $1,000 | $1,020 | $20 | $240 |
| $1,400 | $1,428 | $28 | $336 |
Upcoming CPP Payment Calendar for 2026
- January 28, 2026
- February 25, 2026
- March 27, 2026
- April 28, 2026
- May 27, 2026
- June 26, 2026
- July 29, 2026
- August 27, 2026
- September 25, 2026
- October 28, 2026
- November 26, 2026
- December 22, 2026
Confirming Your CPP Payment Amount
To confirm your new CPP payment amount for 2026, individuals can compare their December 2025 entitlements to their January 2026 amounts in their Service Canada accounts. This verification process ensures that the adjustments are correctly reflected in their monthly deposits.
Final Thoughts
The increased CPP payments starting January 28, 2026, offer long-term benefits against inflation for millions of Canadians. It is essential for recipients to understand how these changes affect their finances and to stay informed about their entitlements.
