Canada Pension Plan (CPP) Payment Increase for 2026: What You Need to Know
Last Updated On 24 January 2026, 2:10 PM EST (Toronto Time)
Millions of Canadians are scheduled to receive their next CPP payments on January 28, 2026, with an increase compared to the previous payment. The 2.0% increase is part of the annual CPP indexation that resets every January and will be applicable for the entire 2026 calendar year. This adjustment establishes a new baseline amount for 2026, which will be used for future indexing purposes. The confirmed increase is tied to inflation (CPI) and will result in slightly higher monthly payments for retirees, individuals receiving CPP disability benefits, as well as surviving spouses and families receiving CPP survivor benefits.
Below are some quick facts related to the January 28 CPP payment:
- Next CPP payment date: January 28, 2026
- 2.0% increase for 2026 (effective from January to December 2026)
- Recipients: most individuals already receiving CPP retirement, CPP-D, and survivor benefits
- How to verify the new amount: compare December 2025 and January 2026 entitlement in Service Canada
Understanding CPP Payments
The Canada Pension Plan is a fundamental income program in Canada designed for individuals who have made contributions through their work. It offers monthly benefits in various categories including retirement pension, disability benefits (CPP-D), survivor benefits, children’s benefits (in specific survivor or disability scenarios), death benefit, and post-retirement benefit (PRB) for those working while receiving CPP. While CPP serves as a crucial retirement income component for many households, alongside other sources like workplace pensions, savings, and Old Age Security, it is known for its predictability with monthly payments on a fixed schedule and annual adjustments.
Confirmed Increase for January 2026 CPP Payments
The CPP payments for 2026 will see a 2.0% increase, reflecting the annual inflation-based adjustment applied for the January to December 2026 period. This confirmed indexing change allows recipients to estimate their new monthly deposit amount. The first payment reflecting the adjusted 2026 amount is expected to be disbursed on January 28, 2026. Recipients can expect to see the updated amount through direct deposit by January 28, while those receiving cheques should consider mail delivery times and location.
2026 CPP Payment Schedule
Here are the CPP payment dates scheduled for 2026:
