The increased quarterly payments that went into effect last month will be included in the combined Old Age Security (OAS payments) and Canada Pension Plan (CPP) deposits that Canadian elders will receive on Thursday, August 27, 2026.
The Aug. 27 deposit is the second payment at the 1. 2% quarterly OAS increase confirmed for the July-to-September 2026 quarter, the largest single-quarter adjustment of the year so far.
There will be no separate mid-year CPP adjustment, and CPP payments will continue to be indexed at the same 2% annual rate that Service Canada applied to all benefits in pay starting with the deposit made on January 28.
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Source: https://immigrationnewscanada.ca