How can I receive my payments in the local currency?

Check the list of countries where direct deposit is offered to see in which countries the Receiver General of Canada can issue payments by Direct Deposit in 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.

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.

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.