As we get closer to the end of the month, many of you are likely keeping an eye on your bank accounts for the next round of federal benefits. With the cost of living still a major topic around every kitchen table, it’s a good time to review exactly what’s coming in and when.
The Important Date: March 27, 2026 Mark your calendars: both the Canada Pension Plan (CPP) and Old Age Security (OAS) payments are scheduled for deposit on Friday, March 27th. If you still receive your benefits by cheque in the mail, you’ll want to allow a few extra days for Canada Post to do their thing.
What are the current rates? For this first quarter of 2026 (January to March), OAS benefits saw a small but steady increase of 0.3% based on the Consumer Price Index. Here is the breakdown of the maximum monthly amounts:
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Seniors aged 65 to 74: The maximum OAS payment is $742.31.
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Seniors aged 75 and over: You continue to receive that 10% uplift, bringing your maximum to $816.54.
On the CPP side, the maximum monthly retirement pension for a 65-year-old starting their benefits in 2026 has reached $1,507.65. Keep in mind, though, that the average payment for new beneficiaries is usually closer to $800, as it depends entirely on how much and how long you contributed during your working years.
A Quick Tip for “My Service Canada Account” If you haven’t checked your online account lately, it’s a great tool for seeing exactly what your personal increase looks like. It also lets you download your tax slips—which, as we all know, is a “must-do” as we move into the thick of tax season!
Staying informed is the best way to stay in control of your retirement. We hope these extra few dollars help take the sting out of the grocery bill this month.
Warmly,
Bill & Marilyn
Founders of Canadian Senior Moment
**Bill Gould** spent 43 years as a long-haul truck driver before trading the steering wheel for a keyboard to help fellow Canadians navigate the road of retirement. A freelance writer, published author, and editor of over 50 books, Bill co-founded *Canadian Senior Moment* with his wife, Marilyn, to provide a trusted space for seniors to find clarity, safety, and connection in the digital age. When he isn’t troubleshooting “tech gremlins” or sharing childhood memories of the Prairies, he can be found in his woodshop or working on his latest novel.