Canada Pension Plan payments for December 2025 are going out early — Here's when & how much

The December Canada Pension Plan (CPP) payment is arriving a week early, on December 22, to avoid holiday delays. CPP supports retirees, disabled individuals, survivors, and children of contributors. Payments increase by 2% in January 2026 due to inflation. Eligibility starts at age 60 with contributions, and benefits vary by age and work history. CPP payments are taxable unless tax deductions are arranged. Quebec has a separate but similar pension plan.