The Canada Pension Plan (CPP), Old Age Security (OAS), and Veteran Disability Pension payments are scheduled for release this week.
Additionally, Ontario Disability Support Program (ODSP) payments will be available on the last day of March. Here’s a detailed breakdown of when each payment will be issued:
Payment Dates for March 2025
- Canada Pension Plan (CPP): March 27
- Old Age Security (OAS): March 27
- Veteran Disability Pension: March 28
- Ontario Disability Support Program (ODSP): March 31
If you’re entitled to any of these benefits, expect to see the funds deposited into your bank account on the dates mentioned.
Canada Pension Plan (CPP) Payment Details
To qualify for the Canada Pension Plan (CPP), individuals must be at least 60 years of age and have made contributions to the plan.
Contributions can be from your own employment in Canada or credits earned through a former spouse or common-law partner.
The monthly amount you’ll receive depends on various factors, including:
- When you begin your pension: The earlier you start, the smaller your monthly payment may be.
- How long and how much you contributed: More contributions often lead to a higher payout.
- Your lifetime average earnings: Higher lifetime earnings may result in a higher monthly amount.
In 2025, the maximum monthly CPP benefit you could receive at age 65 is $1,364.60. However, the average amount for new retirement pension recipients starting at age 65 in July 2024 was $815.
Your personal circumstances will determine the exact amount you are eligible to receive, which could be up to the maximum.
For a more accurate estimate of your monthly CPP benefits, you can access your My Service Canada Account.
Who Is Eligible for Old Age Security (OAS)?
The Old Age Security (OAS) pension is available to individuals aged 65 or older. In most cases, Service Canada automatically enrolls you for the OAS pension if it has sufficient information on your eligibility. If you are automatically enrolled, you will receive a notification from Service Canada.
Ontario Disability Support Program (ODSP) Eligibility and Payments
The Ontario Disability Support Program (ODSP) provides financial assistance to those with disabilities to cover living expenses, including rent, food, healthcare (prescription drugs and vision care), and employment support.
If you qualify for ODSP, the amount you may receive depends on your personal circumstances. For a single individual, you could receive up to $1,368 per month for basic needs and shelter.
ODSP payments are typically issued on the last business day of each month, but in December, they may be distributed earlier.
Veteran Disability Pension Eligibility and Payments
A Veteran Disability Pension is a tax-free financial benefit provided by Veterans Affairs Canada to help support the well-being of veterans.
The amount of the pension depends on the severity of the disability and its relationship to the veteran’s service. The financial support is intended to improve the veteran’s quality of life.
What If You Don’t Receive Your Federal Benefit Payment?
If you do not receive your payment on the expected date, you should wait for 10 working days from the payment date before contacting the Canada Revenue Agency (CRA) for assistance.
Payment Summary Table
| Benefit | Payment Date |
|---|---|
| Canada Pension Plan (CPP) | March 27 |
| Old Age Security (OAS) | March 27 |
| Veteran Disability Pension | March 28 |
| Ontario Disability Support Program (ODSP) | March 31 |
With several important government benefits scheduled for distribution in March, including CPP, OAS, ODSP, and Veteran Disability Pension, it’s essential to keep track of the dates and ensure you are receiving what you’re entitled to.
Whether you’re a senior, a person with disabilities, or a veteran, these payments offer vital support to many individuals across Canada. If you encounter any issues with payment delays, be sure to wait the required amount of time before reaching out for assistance.
FAQs
How do I know if I am eligible for CPP?
You must be at least 60 years old and have contributed to the plan, either through your own work or via credits from a former spouse or common-law partner.
When can I expect to receive my ODSP payment?
ODSP payments are typically made on the last business day of each month, with the exception of December, when payments may be issued earlier.
How much can I receive from the OAS?
The amount you receive from Old Age Security (OAS) depends on your age and years of residency in Canada. You can be automatically enrolled if Service Canada has enough information on you.