Some Canadians will get big payouts from the government next week

As we near the end of the month, several government benefit payments are set to go out to eligible Canadians next week.

Canadians receiving government benefit payments should keep an eye on their accounts, as three deposits are scheduled for Wednesday and Thursday. The remaining payments for May include the Canada Pension Plan (CPP), the Old Age Security (OAS) pension, and the Veteran Disability Pension.

Here are the eligibility requirements and how much you could receive.

Canada Pension Plan (CPP) — May 27, 2026

The CPP is a monthly, taxable benefit that replaces part of eligible Canadians' income when they retire and is paid for the rest of their lives.

To be eligible, you must have made at least one valid contribution to the CPP and be at least 60 years old.

Even if you're under 70 years old and still working, you'll receive your full pension; contributing to the CPP post-retirement benefit can actually increase your pension.

The amount you receive depends on when you decided to start your pension, the amount you contributed, how much you earned throughout your working life, and how long you contributed to the CPP.

If you're a new beneficiary aged 65, you can expect to receive an average monthly payment of $925.35. The maximum monthly payment you can receive at age 65 is $1,507.65.

After May, the next payment is scheduled for June 26. Check the CPP website to see if you're eligible.

Old Age Security (OAS) pension — May 27, 2026

Canadians 65 and older can be eligible to receive the OAS pension regardless of their work history. You must meet several residency and legal status requirements, whether you're living in or outside Canada.

Those aged 65 to 74 can receive up to $743.05 per month if their annual net income in 2024 was less than $148,451.

However, Canadians aged 75 and older can receive a maximum of $817.36 if their annual net world income in 2024 was less than $154,196.

Next month, the payments will go out on June 26. Visit the OAS website to see if you qualify.

Veteran Disability Pension — May 28, 2026

The following Canadians can qualify for the Veteran Disability Pension:

• A member or veteran of the Canadian Armed Forces
• A current member or former member of the Royal Canadian Mounted Police (RCMP)
• A Second World War or Korean War Veteran (includes Merchant Navy)
• An eligible civilian who served in the Second World War

To be eligible, you must have a diagnosed medical condition or disability and demonstrate that it was related to your service. If you meet the requirements, you can also receive a lifetime monthly benefit or lump sum for Pain and Suffering Compensation. The amount you receive depends on your disability, and payments range from $70.99 to $1,419.82.

There's also the disability pension, the amount of which depends on the number of dependents you have, such as your spouse, common-law partner, and/or children.

You may also be eligible for benefits offered by your provincial or territorial government, rather than the federal government of Canada, so make sure to check your provincial benefits page.

Following next week's payments, the next Veteran Disability Pension will be paid on June 29.

Canadians can also check out the upcoming government benefit payments scheduled for June.