Canada Pension Plan (CPP) benefits were indexed for 2025, contribution ceilings were raised, and the CPP enhancement (CPP2) now fully applies to higher earnings.
Benefit payments increased by 2.6% for the year, the maximum CPP at age 65 is set at $1,433 per month (January 2025), the first earnings ceiling (YMPE) is $71,300, and the second ceiling (YAMPE) is $81,200. Payment dates for 2025 are confirmed below.
2025 CPP amounts & indexation
- Indexation: CPP benefits increase by 2.6% effective January 2025.
- Maximum CPP at age 65: $1,433.00 per month, from January 2025.
Eligibility rules (unchanged mechanics, higher ceilings)
You’re eligible for CPP if you’ve made at least one valid contribution, and the amount you receive depends on your lifetime contributions, the age you start (between 60–70), and any drop-out provisions.
For 2025 the contribution ceilings that determine how much you and your employer contribute (and eventually how much you can receive) are:
- YMPE (first ceiling): $71,300
- YAMPE (second ceiling for CPP2): $81,200
- Basic exemption: $3,500
Contribution rates in 2025 (workers & employers)
- Base CPP (up to YMPE): 5.95% for employees and 5.95% for employers (11.90% for self-employed). Maximum contribution limits: $4,034.10 each for employee and employer ($8,068.20 self-employed).
- CPP2 (earnings between YMPE and YAMPE): Additional rate of 4.0% for employees and employers (8.0% for self-employed). CPP2 maximum contribution: $396 each for employee and employer ($792 self-employed).
2025 Payment Schedule (confirmed)
CPP pays monthly on these dates:
- Jan 29
- Feb 26
- Mar 27
- Apr 28
- May 28
- Jun 26
- Jul 29
- Aug 27
- Sep 25
- Oct 29
- Nov 26
- Dec 22
Direct deposit is typically applied on the same date.
2025 at-a-glance
| Item | 2025 Value / Detail |
|---|---|
| Indexation | +2.6% for benefits paid in 2025 |
| Max CPP @ 65 (Jan 2025) | $1,433.00/month |
| YMPE (1st ceiling) | $71,300 |
| YAMPE (2nd ceiling, CPP2) | $81,200 |
| Basic exemption | $3,500 |
| Base CPP rate | 5.95% (employee) & 5.95% (employer) —11.90% self-employed |
| Max Base CPP contribution | $4,034.10 each for employee & employer |
| CPP2 rate (between YMPE & YAMPE) | 4.0% employee & employer — 8.0% self-employed |
| CPP2 max contribution | $396 each for employee & employer |
| 2025 Pay Dates | Jan 29, Feb 26, Mar 27, Apr 28, May 28, Jun 26, Jul 29, Aug 27, Sep 25, Oct 29, Nov 26, Dec 22 |
What this means for you in 2025
- If you already receive CPP, you see the 2.6% increase starting with the January 2025 payment and forward.
- If you are working in 2025, contributions are calculated on earnings over $3,500 up to $71,300 for base CPP, plus extra contributions from $71,300 to $81,200 for CPP2—this will increase your future retirement benefit.
- The starting age still matters: delaying past age 65 increases your monthly benefit, starting early reduces it. These rules remain unchanged for 2025.
For 2025, CPP offers a meaningful cost-of-living boost, higher earnings ceilings and enhanced contributions through CPP2 for higher income earners.
Together these changes strengthen your future pension or your current benefit. Be sure you’re aware of the new YMPE/YAMPE ceilings, verify your contribution history, and check that your payments arrive on schedule.
With proper planning, you’ll be well positioned to maximize your CPP benefit for 2025 and beyond.
FAQs
Did my CPP automatically increase in 2025?
Yes. Your benefit payment for 2025 reflects a 2.6% adjustment to protect against inflation.
What are the new contribution limits for workers in 2025?
Workers pay base CPP contributions on earnings up to $71,300, and additional CPP2 contributions on earnings up to $81,200 in 2025.
When will CPP be paid for the rest of 2025?
Remaining payment dates for 2025 are November 26 and December 22.
