Dates of Each CPP Payment In 2023 Millions of Canadians rely on the Canada Pension Plan (“CPP”) as their primary source of retirement income, and knowing when to expect your payments can help you manage your finances throughout the year. To ensure you’re prepared for the months ahead, we’ve compiled a list of the CPP payment dates for 2023 straight from the source in this blog post.
What exactly is the Canada Pension Plan?
The Canada Pension Plan is a social insurance plan designed to provide financial assistance to Canadians throughout their retirement years. The majority of working Canadians contribute to the CPP, which provides them with a monthly retirement income as well as extra benefits such as disability payments and survivor benefits for their qualifying dependents. Your total contributions, as well as the age at which you choose to begin collecting benefits, will influence how much of your CPP pension you get.
How to Get CPP Payments
If you are eligible, you have a few alternatives for receiving CPP payments. Direct deposit into your bank account is the most convenient way to get payments on time without needing to visit the bank or wait for a check to clear. You may set up direct deposit using your “My Service Canada Account” online or by calling Service Canada directly.
Chart of CPP Payment Dates in 2023
| Month | CPP Pension Payment Date |
|---|---|
| January | January 27, 2023 |
| February | February 24, 2023 |
| March | March 29, 2023 |
| April | April 26, 2023 |
| May | May 29, 2023 |
| June | June 28, 2023 |
| July | July 27, 2023 |
| August | August 29, 2023 |
| September | September 27, 2023 |
| October | October 27, 2023 |
| November | November 28, 2023 |
| December | December 20, 2023 |
The CPP payment dates for each month in 2023 are listed here to help you stay organized and develop a budget. According to the Canadian government, the following days in 2023 will see recipients of the Canada Pension Plan (CPP) payments.
Information: It is critical to stay up-to-date on changes to the CPP and any potential changes to payment schedules. We recommend that you consult the official Service Canada website on a regular basis for any news and updates relevant to the Canada Pension Plan. Consider subscribing to email notifications as well to receive important information directly in your inbox.
Conclusion
We really hope that our blog post has provided you with relevant information on the Canada Pension Plan payment schedules in 2023. You can prepare for the coming year and properly manage your finances by being informed and setting plans ahead of time. Remember to bookmark this page or add these payment dates to your calendar to ensure that you always know when to expect your CPP payments.