New CPP Payment Increase Effective January 2026
In January 2026, Canada Pension Plan (CPP) payments are scheduled to rise, providing higher monthly deposits for retirees, individuals with disabilities, and surviving family members nationwide. This adjustment, based on the Consumer Price Index (CPI), will result in a permanent 2.0% increase starting in 2026.
Contributions to the CPP during one’s working years fund this crucial income source, offering benefits such as retirement pensions, disability support, survivor benefits, children’s benefits, death benefits, and post-retirement benefits. The CPP serves as a dependable income stream for many Canadians, administered by the government, paid monthly, and adjusted annually for inflation.
January 2026 CPP Payment Increase Details
Service Canada has confirmed a 2.0% rise in CPP payments for 2026. The adjustment will be reflected in the first payment on January 28, 2026. Here are the official CPP payment dates 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
Seniors receiving both CPP and Old Age Security (OAS) will find these dates beneficial, as both payments are typically deposited on the same day. A 2.0% increase in CPP may seem modest, but it can have a meaningful impact when viewed in monthly and annual figures.
Examples of Monthly and Annual CPP Payment Increases
- Current monthly CPP (2025) – Estimated new monthly CPP (2026): $500 – $510, $750 – $765, $900 – $918, $1,000 – $1,020, $1,200 – $1,224, $1,400 – $1,428
- Monthly increase: $10, $15, $18, $20, $24, $28
- Annual increase: $120, $180, $216, $240, $288, $336
Most CPP recipients will receive the increase automatically. This includes individuals receiving CPP retirement pensions, disability benefits, survivor benefits, and post-retirement benefits. The impact of the increase may vary based on the recipient’s benefit amount and personal circumstances.
The 2.0% adjustment ensures that CPP benefits keep pace with the rising cost of living, providing financial stability for retirees and their families.