Benefit cheques coming May and June 2025 in Canada and Ontario [Video]

As summer approaches, eligible Canadians can expect a steady flow of federal and provincial payments to help with rising costs. Here’s when the next deposits are scheduled to go out:

Canadian Pension Plan and Old Age Security

The Canadian retirement benefits system includes the Old Age Security pension, guaranteed income supplement, allowance, and allowance for the survivor, along with the Canadian Pension Plan.

CPP: Residents over 65 are eligible for a maximum monthly payment of $1,433.OAS Pension: Individuals aged 65 to 74 with an annual income below $148,451 can receive up to $707.67 per month. Those 75 and over with an income below $154,196 may receive up to $880.44 monthly.Eligible individuals should note that the OAS pension is reviewed quarterly—in January, April, July, and October—to reflect increases in the cost of living based on the Consumer Price Index. Importantly, payments will not decrease if the cost of living goes down.

The Canadian Pension Plan and …