Lived or living outside Canada - Pensions and benefits – How much could you receive
3. How much could you receive
Receiving payment of Old Age Security and Canada Pension Plan pensions and benefits outside Canada
Receiving your Old Age Security (OAS) and Canada Pension Plan (CPP) payments in the local currency can save you money.
Because your payments will have already been converted into the local currency of the country where you live, you should get a better exchange rate, and you might also pay lower banking fees for cashing your cheques.
To receive your payments directly in your local bank account, see if you live in a country that offers the service of direct deposit.
Note: Payment dates
Your OAS or CPP payments will be issued on the same day as the OAS and CPP payments are issued in Canada, which is usually during the last three banking days of the month. See our page Old Age Security and Canada Pension Plan Payment Dates.
How can I receive my payments in the local currency?
Check the list of countries where OAS and CPP payments are made in foreign currency to see in which countries the Receiver General of Canada issue payments by cheque in local currency.
Countries where Old Age Security and Canada Pension Plan Payments are Made in Foreign Currency
If you live outside Canada, your pension payment cheques are made in local currency in the following countries.
|Australia||AUD AUSTRALIAN DOLLAR|
|Austria||EUR EURO CURRENCY|
|Belgium||EUR EURO CURRENCY|
|Cyprus||EUR EURO CURRENCY|
|Czech Republic||CZK CZECH KORUNA|
|Denmark||DKK DANISH KRONE|
|Ecuador||USD US DOLLAR|
|Estonia||EUR EURO CURRENCY|
|Fiji||FJD FIJI DOLLAR|
|Finland||EUR EURO CURRENCY|
|France||EUR EURO CURRENCY|
|French Polynesia||XPF CFP FRANC|
|Germany||EUR EURO CURRENCY|
|Greece||EUR EURO CURRENCY|
|Greenland||DKK DANISH KRONE|
|Hong Kong||HKD HONGKONG DOLLAR|
|Groenland||DKK COURONNE DANOISE|
|Hong Kong||HKD DOLLAR DE HONG KONG|
|India||INR INDIAN RUPEE|
|Ireland||EUR EURO CURRENCY|
|Italy||EUR EURO CURRENCY|
|Japan||JPY JAPANESE YEN|
|Kuwait||KWD KUWAITI DINAR|
|Luxembourg||EUR EURO CURRENCY|
|Malta||EUR EURO CURRENCY|
|Micronesia||USD US DOLLAR|
|Morocco||MAD MOROCCO DIRHAM|
|Netherlands||EUR EURO CURRENCY|
|New Caledonia||XPF CFP FRANC|
|New Zealand||NZD NEW ZEALAND DOLLAR|
|Norway||NOK NORWEGIAN KRONE|
|Oman||OMR OMANI RIAL|
|Pakistan||PKR PAKISTANI RUPEE|
|Panama||USD US DOLLAR|
|Papua New Guinea||PGK PAP NEW G KINA|
|Philippines||PHP PHILIPPINE PESO|
|Portugal||EUR EURO CURRENCY|
|Puerto Rico||USD US DOLLAR|
|Samoa||WST WESTERN SAMOA, TALA|
|Saudi Arabia||SAR SAUDI RIYAL|
|Singapore||SGD SINGAPORE DOLLAR|
|Solomon Islands||SBD SOLOMON ISLANDS DOLLAR|
|South Africa||ZAR S.AFRICAN RAND|
|Spain||EUR EURO CURRENCY|
|Sri Lanka||LKR SRI LANKAN RUPEE|
|Sweden||SEK SWEDISH KRONA|
|Switzerland||CHF SWISS FRANC|
|Thailand||THB THAILAND BAHT|
|United Arab Emirates||AED U.A.E. DIRHAM|
|United Kingdom||GBP POUND STERLING|
|United States||USD US DOLLAR|
|Vanuatu||VUV VANUATU VATU|
|Wallis and Futuna||XPF CFP FRANC|
This list is subject to change depending on the foreign banking arrangements made by the Receiver General of Canada and the Bank of America conversion service.
If you are currently having your benefits delivered to a Canadian address, your payments will continue to be issued in Canadian dollars. To receive your benefits in your local currency, you must contact International Social Security Agreements to change your cheque delivery address to the country where you live.
Note: Payment in wrong currency
If your payment is in the wrong currency, contact International Social Security Agreements as soon as possible.
Why is the amount on my cheque different from the amount on my cheque stub?
The amount on the cheque itself is the amount in the local currency that you will receive when you cash the cheque.
The amount on the cheque stub reflects the Canadian dollar value of the OAS or CPP payment before it was converted into your local currency. The Canadian dollar amount shown on the stub will appear on the taxation slip you receive for the year.
Note: The payment amount may fluctuate
Daily currency market fluctuations may cause your cheque amount to differ each month, even though your entitlement amount in Canadian dollars has not changed.
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