The Canada Revenue Agency (CRA) has confirmed that eligible retirees will receive a maximum monthly Canada Pension Plan (CPP) payment of $1,433 starting April 28, 2025.
This increase reflects a 2.7% cost-of-living adjustment (COLA) to help seniors cope with inflation. The average monthly CPP payment for new beneficiaries at age 65 is approximately $899.67 .
Eligibility Criteria for the $1,433 Canada Pension Plan Payment
To qualify for the maximum CPP payment of $1,433, applicants must meet the following conditions:
- Age Requirement: Must be at least 60 years old.
- Contribution History: Must have made valid contributions to the Canada Pension Plan during their working years.
- Residency: Must be a Canadian citizen or permanent resident. Residents of Quebec are not eligible for CPP but can apply for the Quebec Pension Plan (QPP) instead.
How to Apply for the $1,433 Canada Pension Plan Payment
Eligible individuals can apply for CPP benefits through the following methods:
Online Application:
- Visit the official CRA website and create a My Service Canada Account (MSCA).
- Complete the CPP application form available in your MSCA.
- Submit required documents, including:
- Proof of age (e.g., birth certificate)
- Work history
- Proof of residence and identity
- Bank account details for direct deposit
Offline Application:
- Visit your nearest CRA service center.
- Fill out and submit the Canada Pension Plan application form along with the necessary documents.
After submission, you can track the status of your application and payments through your MSCA.
Canada Pension Plan Payment Schedule for 2025
The CPP payments are scheduled monthly. Below is the payment schedule for 2025:
| Month | Payment Date |
|---|---|
| January | 29 |
| February | 26 |
| March | 27 |
| April | 28 |
| May | 28 |
| June | 26 |
| July | 29 |
| August | 27 |
| September | 25 |
| October | 29 |
| November | 26 |
| December | 22 |
The $1,433 Canada Pension Plan payment effective from April 28, 2025, provides significant financial support to Canadian retirees.
By understanding the eligibility criteria and application process, seniors can ensure they receive the benefits they are entitled to.
Staying informed about payment schedules and maintaining up-to-date information with the CRA will help in managing monthly expenses effectively.
FAQs
How much will I receive from the CPP in April 2025?
The maximum monthly CPP payment is $1,433, but the actual amount depends on your contribution history and the age at which you start receiving benefits.
When will the CPP payment be made in April 2025?
The CPP payment for April 2025 is scheduled for April 28, 2025.
Can I apply for CPP benefits if I live in Quebec?
No, residents of Quebec are not eligible for CPP but can apply for the Quebec Pension Plan (QPP) instead.