2022 CPP Payment Schedule, Amounts, and Increases

The Canada Pension Plan (CPP) is a top source of retirement income for seniors in Canada.

CPP benefits are paid out every month using direct bank deposits or cheques, and how much you receive is dependent on the contributions you made to the plan and for how long.

Below, we cover the CPP payment dates and schedule in 2022, how much you can expect to receive, and CPP benefit increases slated for this year.

2022 CPP Payment Dates

The CPP is paid out every month usually in the last week, except in December when the payment is sent earlier.

The CPP payment dates in 2022 fall on:

  • January 27, 2022
  • February 24, 2022
  • March 29, 2022
  • April 27, 2022
  • May 27, 2022
  • June 28, 2022
  • July 27, 2022
  • August 29, 2022
  • September 27, 2022
  • October 27, 2022
  • November 28, 2022
  • December 21, 2022

In addition to the Canada Pension Plan, a few other benefit payments are made on these same dates.

They include CPP disability, CPP Children’s, and CPP Survivor benefits.

If you are a recipient of the Old Age Security (OAS) pension, you will also receive OAS benefits on these same dates.

CPP payments are generally paid via direct deposit to your bank account.

If you haven’t signed up for direct deposit payments, a cheque is sent to you by mail.

CPP Payment Schedule, Amounts, And Increases

How Much CPP Will You Receive in 2022?

The federal government publishes the maximum CPP payment amounts at the start of each year.

How much you receive is dependent on the following factors:

  • The age at which you start collecting CPP (i.e. age 60, 65, or up to age 70).
  • How much you have contributed to the CPP during your working years.
  • How long you contributed to the CPP.
  • Your average earnings while contributing to the CPP.

Your CPP benefits are higher when you have contributed more over a longer period of time.

Based on the numbers here, below are the average and maximum CPP benefit amounts for 2022.

Pension/BenefitThe average monthly amount for new beneficiariesMaximum monthly payments in 2022
Retirement pension (at age 65)$702.77$1,253.59
Post-retirement benefit (at age 65)$11.56$36.26
Disability benefit$1,050.29$1,457.45
Post-retirement disability benefit$510.85$524.64
Survivor’s pension – younger than 65$461.51$674.79
Survivor’s pension- 65 or older$307.55$752.15
Children of disabled CPP contributors$257.58$264.53
Children of deceased CPP contributors$257.58$264.53
Death benefit$2,495.36$2,500.00
Combined benefits
Combined survivor’s and retirement pension (at age 65)$895.43$1,257.13
Combined survivor’s pension and disability benefit$1,121.66$1,467.04

What is the Maximum CPP Amount in 2022?

The maximum CPP payment in 2022 is $1,253.59.

As shown in the table, the average CPP benefit being paid out as of October last year is much lower at $702.77. This is because the majority of Canadian seniors do not qualify for the maximum CPP amount.

To qualify for the maximum benefit, you must have made the maximum annual CPP contribution for 39 years or longer.

What this means is that your CPP contributions for each of these years is up to the maximum based on Yearly Maximum Pensionable Earnings (YMPE).

For example, the YMPE in 2022 is $64,900.

Using the CPP contribution rate of 5.70% for employees, you would contribute a maximum of $3,499.80 to the CPP in 2022 if your annual income is $64,900 or more.

Note that there is a basic exemption amount of $3,500 that is not subject to the CPP contribution rate.

For example, if your income earnings in 2022 is $64,900, you would pay the 5.70% rate on $61,400 (i.e. $64,900 – $3,500). Your total CPP contribution amount for the year is then $3,499.80.

In the years your earnings are lower than the YMPE, your CPP contributions are also lower.

When your income exceeds the YMPE amount, your CPP contributions are capped at the maximum (i.e. $3,499.80 in 2022).

You can check what the YMPE amount has been over the years.

The difference between the average CPP being paid out to seniors in 2022 and the maximum for the year is due to the fact that the majority of Canadians don’t make the maximum contributions throughout their working lives.

And this makes sense. Your earnings are generally lower when you join the workforce, and this then increases over time.

Also, if you immigrate to Canada as an adult, you may not be able to work a full 39 years (prior to age 65) and make maximum contributions.

Factors That May Increase CPP Payments

The following factors are considered when calculating your CPP payment amount.

Typically, your CPP benefits increase after these are factored in.

Contributing after age 65: If you continue to work and make contributions to the CPP after age 65, your higher earnings may be used to replace lower-earning years. This only helps if you haven’t started to collect CPP.

Exclusion of low earnings: Up to 8 years of low or no earnings are excluded when calculating the base component of your CPP retirement pension. This automatically increases how much CPP you receive.

Child-rearing provision: If it helps increase your benefits, you can exclude the years/months in which you were raising children under age 7 and had lower or no income.

Periods of disability: Months during which you were a recipient of a CPP Disability payment are excluded when calculating your base CPP retirement income.

Pension sharing: You can share your pension with a spouse or common-law partner and decrease the overall taxes your household needs to pay.

Contribute to work: If you choose to continue working while receiving CPP, a CPP post-retirement benefit is paid to you and this increases your total benefits. You need to continue making CPP contributions from your earnings.

Note that CPP contributions stop at age 70.

How To Apply for Canada Pension Plan Benefits

To be eligible for CPP, you must be at least:

  • 60 years old
  • Have made one valid contribution to the CPP

You need to apply for CPP as the government doesn’t automatically start making payments.

You can either apply online through your My Service Canada Account (MSCA) or by sending in a paper application.

Applications via MSCA are usually processed within 7-14 business days. A paper application takes longer at up to 120 days.

For a paper application, use Form ISP-1000 and mail it to the nearest Service Canada office.

Will CPP Increase in 2022?

CPP payments are adjusted every January to reflect increases in the Consumer Price Index (CPI).

For 2022, the maximum CPP amounts increased by 2.7% to $1,253.59 from $1,203.75 in 2021.

The CPP contribution rate has also increased from 5.25% for employees in 2021, to 5.70% in 2022.

Are CPP Benefits Taxable?

Yes, CPP payments are taxable.

The monthly CPP benefits you receive are included in your taxable income for the year.

You will pay both federal and provincial bases on your tax bracket.

CPP Payments Schedule FAQ

What is the maximum CPP payment for 2022?

The maximum CPP payment in 2022 is $1,253.59 per month? The maximum CPP payment in 2022 is $1,253.59 per month.

What is the average CPP payment in 2022?

The average CPP payment is $702.77 per month.

How do I get the maximum CPP payment?

To get the maximum CPP, you must make the maximum annual CPP contribution for 39 years or longer.

How is CPP calculated?

Your CPP benefit is calculated using how much you have contributed, how long you contributed, and your average earnings.

What is the CPP rate for 2022?

The CPP rate for an employee is 5.70% of your earnings up to $64,900 in 2022. If you are self-employed, the rate is 11.40%.

CPP Disability Payment Dates

The Canada Pension Plan disability benefit is a monthly benefit paid to eligible CPP contributors who have a mental or physical disability that prevents them from working.

The CPP disability benefit has a flat amount of $524.64. When combined with the basic CPP retirement benefit, you can get up to a maximum of $1,457.45 per month.

CPP disability payment dates in 2022 are:

  • January 27, 2022
  • February 24, 2022
  • March 29, 2022
  • April 27, 2022
  • May 27, 2022
  • June 28, 2022
  • July 27, 2022
  • August 29, 2022
  • September 27, 2022
  • October 27, 2022
  • November 28, 2022
  • December 21, 2022

Related reading:

CPP Payment Dates

3 thoughts on “2022 CPP Payment Schedule, Amounts, and Increases”

  1. I am trying to find a calendar of payments for 2022. The one that shows all apyment dates for OAS and CPP and Trillium and Hst? Can you send to me? P.O. Box 282, Trout Creek Ontario P0H 2l) I have a elderly friend if you can send one for them?
    I just cant find the order area?

    Reply
  2. i am wondering if i can claim water heater rental that i pay $400.00 a year for i am a renter , can i put this on my taxes i do not own the home. i am a senior.

    Reply

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