$1364 Monthly Retirement Pension Begins February 2025: Check Your Eligibility & Payment Schedule

The Canadian government is going to pay a retirement pension of $1364 from February 2025. This pension is managed by the CRA (Canada Revenue Agency) and is also known as the CPP (Canada Pension Plan). This retirement pension provides monthly benefits to people who have retired.

Every year, the CRA reviews these pension payments to adjust the payments according to inflation and maintain the purchasing power of retirees. In 2024, the maximum retirement pension was $1364.60 per month, but after this the payment was increased and it reached $1433. Now the question arises whether there will be a payment of $1364 again in February 2025?

$1364 Retirement Pension From Feb 2025

The retirement pension is a contribution-based program aimed at ensuring financial security for retirees. Under this scheme, Canadian residents make contributions during their working years and in return they get benefits after retirement. The retirement pension of $1364 is an estimated payment from February 2025.

However, this amount seems to be inconsistent as the CRA recently increased it to $1433. According to reports, this $1364 payment has originated from unofficial sources such as social media posts, which is not reliable. This means that retirees will not receive a $1364 payment in February 2025, but they will receive an increased payment of $1433.

Canada Pension Plan 2025 – Overview

CRA CPP Benefits Eligibility 2025

Whether retirees receive a $1364 or $1433 pension, the eligibility conditions remain the same. The payment is increased every year and is applicable from the last regular payment. The eligibility conditions for retirement pension are as follows:

$2,500 for Low-Income Households, SSDI, SSI, and Seniors in January 2025 – Find Out If You Qualify

• Retirees must be 60 years of age to receive CPP benefits.
• Must be a legal resident or citizen of Canada.
• Must have made valid contributions to CPP in years of employment.
• These retirement benefits can be availed up to age 70.
• Delaying payments until age 70 can increase benefits by up to 42%.
• At age 60, retirees will receive only the reduced payment, while at age 65, the full benefit will be available.

Canada Retirement Pension Payment Schedule 2025

The CRA makes monthly retirement payments via direct deposit or cheque. Retirees must update their banking information and mailing address on their “My Service Canada Account” to receive payments on time. Retirement pensions are disbursed on the payment dates set by the CRA. The following is the monthly payment schedule of retirement pensions for 2025:

Fact Check: $1364 Retirement Pension In Feb 2025

The $1364 payment for February 2025 is unbelievable. The maximum CPP or retirement benefit in 2024 was $1364.60. The CRA has now increased this payment to $1433, an increase of $68.40. The claims that surround this $1364 payment made have not yet been verified from the CRA side.

Read More :- $1,000 + $946 Extra OAS Benefits in February 2025 – Eligibility & Payment Details

The old $1364 payment will be issued by the CRA no more. In the month of February 2025, only a new increased $1433 payout will be visible. Seniors must log onto the CRA portal or “My Service Canada Account” to read about their precise pension amount.

FAQs:-