2023-2024 Pension Payment Schedule: Canadian Payout Dates for December ’23 and January ’24

Updated on February 23, 2024

If you’re among those entitled to pension plans in Canada, this article is a must-read. We’ve compiled all the information you need about Pension Payment Dates in 2023. Find out when you’ll be receiving your pension in Canada for October and November 2023.

Pension Payment Dates 2023

As individuals enter their retirement years, they often need support in terms of medical, financial, and emotional well-being. In Canada, the responsibility for overseeing the distribution of various federal and local benefits to the retired population lies with the government.

These benefits are typically disbursed monthly on specific dates, following a schedule established by the government. Those who have applied for federal benefits will receive payments in accordance with this predefined schedule. The majority of these benefits are directed towards individuals aged sixty and older.

If you’re a qualifying beneficiary under any of the Pension Plans administered by the Canadian government, you’re likely curious about your Pension Payment Dates for the upcoming months in 2023. If that’s the case, stick with us in this article to gather all the pertinent details.

Pension Payment in Canada 2023

Millions of Canadians rely on pension schemes administered by the government. Among these plans are the Old Age Security, Public Service Pension Plan, Veteran Disability Pension, Canada Pension Plan, and Quebec Pension Plan.

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Government pension plans receive monthly payments, deposited at midnight two banking days before the end of each month. You’ll receive your pension payment either as a check or through direct deposit, based on your preference. For those receiving payments by check, the cheques will be mailed on the designated payment dates.

Canada Pension Payment Dates 2023

Article Name Pension Payment Dates
Country Canada
Administered By Canada Revenue Agency (CRA) and Various State Governments
Beneficiaries Retired Citizens of India
Criteria Federal and Provincial scheme
Upcoming Payment Dates October, November, and December
For More Details Click Here

Check Pension Payment Oct-Nov Dates 2023

In this section, you can check the Pension plan in-pace in Canada dates for Oct-Nov 2023.

Pension Plan October Payment Dates November Payment Dates December Payment Dates
Canada Pension Plan October 27, 2023 November 28, 2023 December 20, 2023
 Old Age Security October 27, 2023 November 28, 2023 December 20, 2023
Federal Public Service Pension Plan October 27, 2023 November 28, 2023 December 20, 2023
Veteran Disability Pension October 30, 2023 November 29, 2023 December 21, 2023
Quebec Pension Plan October 31, 2023 November 30, 2023 December 28, 2023
Provincial Public Service Pension Plan October 30, 2023 November 29, 2023 December 21, 2023
Quebec Public Sector Pension Plan October 13, 2023 November 15, 2023 December 15, 2023
Ontario Public Service Pension Plan October 20, 2023 November 22, 2023 December 22, 2023
Saskatchewan Teachers’ Retirement Plan October 31, 2023 November 30, 2023 December 29, 2023
Alberta Teachers’ Retirement Plan October 27, 2023 November 28, 2023 December 21, 2023
Ontario Public Service Pension Plan October 31, 2023 November 30, 2023 December 29, 2023
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If you’re entitled to federal benefits, including certain provincial and territory payments, you’ll receive your payment on these designated days. For more details on benefits, maximum amounts, payment dates, and other crucial factors, you can find additional information on the Canadian Government’s website.

When Are You Getting Your Pension in Canada Oct-Nov 2023?

All eligible beneficiaries who have registered for any of the pension plans will receive their payments. If you’ve opted for direct deposit, funds will be accessible in your bank account on the specified dates. Alternatively, if you receive your payment by cheque, you’ll get the cheque on those dates and will need to cash it accordingly.

The process might take a few additional days, resulting in the receipt of your pension payment via cheque after 2-3 days. As a precaution, we advise you to consider enabling direct deposit for your pension payment.

However, various unforeseen circumstances could lead to payment delays. To check the status of your payment, you can log into your CRA account or the dedicated portal of your benefit plan. If you haven’t received your pension payment within 5-7 days of the designated dates, we recommend reaching out to the helpdesk of your benefit plan for assistance.

FAQs

Lost or Stolen Canada Pension Plan Cheque: What to Do?

If your payment is lost or stolen, please reach out to the department or organization that issued it to report the incident and request a replacement. After verification, which may require filling out necessary paperwork, a new check will be issued.

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Are there fees for cashing a Canada Pension Plan cheque at a Canadian bank?

Canadian banks do not allow the cashing of pension plan checks issued by the Government of Canada for any purpose.

We appreciate your visit to our portal for information on Canada Pension Plan dates. Please continue to check back for more articles on a variety of financial topics.

 

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