Posted by In an important update for retirees, the Canada Revenue Agency (CRA) has officially confirmed that eligible seniors will receive a combined pension payment of up to $2,166 on May 28, 2025.
This total includes benefits from the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS) — the three key public pension components that support Canadian seniors.
This guide breaks down the payment components, eligibility requirements, application process, and how to maximize your benefits under the May 2025 payout.
Breakdown of the $2,166 Pension Payment
The $2,166 figure represents the maximum combined monthly payment available to seniors who qualify for all three benefits (CPP, OAS, and GIS).
| Benefit | Estimated Monthly Amount (May 2025) | Eligibility |
|---|---|---|
| CPP | Up to $1,433.00 | Based on contributions |
| OAS | Up to $784.67 (age 75+) | Based on residency |
| GIS | Up to $1,065.47 (single, low income) | Income-tested supplement |
| Total | Up to $2,166 | Combined for qualified individuals |
Note: Most recipients will receive less than the maximum, depending on individual circumstances.
Who Qualifies for the CRA Pension Payment in May 2025?
1. Canada Pension Plan (CPP)
- Must be 60 years or older.
- Have made at least one valid CPP contribution.
- Amount depends on how long and how much you contributed during your working years.
2. Old Age Security (OAS)
- Must be 65 years or older.
- Lived in Canada for at least 10 years after turning 18.
- Payment amount increases with longer residency, with a max payout after 40 years.
3. Guaranteed Income Supplement (GIS)
- Must already be receiving OAS.
- Low-income individuals qualify; annual income thresholds adjust yearly.
- For single seniors, income must be below approx. $21,624/year to qualify for full GIS.
Important Dates and Payment Details
| Event | Date |
|---|---|
| Payment Date | May 28, 2025 |
| Application Deadline | 6 months before turning eligible age |
| Monitoring Account | Ongoing via My Service Canada |
| Next Payment Adjustment | Likely July 2025 (indexed to inflation) |
Tips to Maximize Your Pension Benefits
- Delay CPP: Waiting until age 70 can increase your monthly CPP payment by up to 42%.
- Keep Income Low: Minimizing taxable income helps maintain full GIS eligibility.
- Review Regularly: Update your financial status to avoid overpayments or missed top-ups.
- Use Direct Deposit: It’s faster and more secure than mailed checks.
Common Mistakes to Avoid
- Not applying for CPP: Unlike OAS, CPP requires an application.
- Outdated bank details: Can result in payment delays.
- Ignoring income updates: May lead to benefit reductions or clawbacks later.
The $2,166 CRA pension payment in May 2025 reflects Canada’s commitment to supporting retirees through a combination of CPP, OAS, and GIS benefits.
While not all recipients will receive the maximum amount, understanding how the system works helps you optimize your monthly support.
Be sure to review your eligibility, apply on time, and keep your personal information updated via My Service Canada Account to ensure timely and accurate payments.
FAQs
When will the $2,166 CRA pension payment be deposited?
The payment is scheduled for May 28, 2025, for all eligible seniors with direct deposit set up.
Will everyone receive the full $2,166?
No, this is the maximum combined amount. Actual payments depend on your contributions, residency, and income level.
Is GIS taxable like CPP and OAS?
No. GIS is non-taxable, unlike CPP and OAS, which are considered taxable income.