For millions of Canadian retirees, the Canada Pension Plan (CPP) is more than a monthly deposit — it’s a crucial piece of their financial security. Starting in 2025, CPP payments are getting a boost, with the maximum monthly benefit at age 65 rising to \$1,364. While this might sound like welcome news, not everyone will … Read more
Canadian retirees will see a welcome boost to their income starting in January 2025, as the Canada Pension Plan (CPP) maximum monthly benefit climbs to \$1,364 for those beginning payments at age 65. This marks a \$58 increase from the 2024 rate and is part of ongoing measures to ensure pensions keep pace with inflation … Read more
In 2025 eligible Canadian retirees could receive up to \$1,433 per month through the Canada Pension Plan (CPP)—a notable increase that aims to improve financial stability for the aging population. This updated maximum rate reflects both inflation adjustments and a broader federal push to strengthen retirement income support. Whether you’re planning to retire soon or … Read more