Canadians will see an increase in their Canada Pension Plan (CPP) and Old Age Security (OAS) payments starting January 28, 2026. The CPP benefit has increased by 2.0%, reflecting inflation, with the maximum monthly CPP at age 65 rising from $1,433 to $1,507.65. The average new beneficiary in October 2025 receives about $803.76 monthly, slightly lower than previous years. The OAS maximum monthly payment for those aged 65-74 is now $742.31, and $816.54 for those 75 and older, both increases from previous amounts. The payments are adjusted annually based on inflation, affecting retirement, disability, survivor, and post-retirement benefits. The actual payment varies depending on individual contribution history, age of retirement, and benefit type. The first 2026 CPP payment will be on January 28, with subsequent payments scheduled monthly. The increase is part of ongoing CPP enhancements to provide long-term inflation protection, with retroactive payments limited to 12 months for new applicants. Canadians are encouraged to verify their updated amounts through Service Canada. The updates also include changes in other benefits, immigration processing times, and new government initiatives, all impacting Canadian seniors and workers.