CPP Payment Dates, Disability Dates, Increase, CPP Amount & Limit

Juilia Ruskin
6 Min Read

The Canada Pension Plan (CPP) is a program that gives monthly payments to people in Canada who qualify. The CPP has two main types of benefits: Retirement Pension and Disability Benefits. These benefits help replace a part of your income when you retire or if you can’t work due to a disability.

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CPP Payment Dates

The Canadian government handles the CPP. Here are the key dates you should know:

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  • Last payment: September 27, 2024
  • Next payment: October 27, 2024

You can find more information about payment dates on the official government website.

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How to Qualify for CPP Payments

Retirement Pension:
To get the CPP Retirement Pension, you need to:

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  1. Be at least 60 years old
  2. Have made at least one contribution to the CPP

Disability Benefits:
To get the CPP Disability Benefits, you need to:

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  1. Be under 65 years old
  2. Have made enough CPP contributions
  3. Have a long-term disability that stops you from working

The disability benefits also include two parts: the CPP Post-Retirement Disability Benefit and the regular CPP Disability Benefit..

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Checking Your Eligibility

You can check if you qualify for CPP Disability Benefits on the official government website. After you apply, you can expect your payment within:

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  • 7 to 28 days (if you apply online)
  • Up to 120 days (if you apply by mail or in person)

If you have a terminal illness, your application will be processed within 5 business days.

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CPP Payment Schedule

The next CPP Disability Payment will be on October 27, 2024. Future payments for 2024 are scheduled for:

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  • November 28
  • December 20

CPP Payment Dates for 2024

NumberDate
1Jan 27
2Feb 24
3Mar 29
4Apr 26
5May 29
6Jun 28
7Jul 27
8Aug 29
9Sep 27
10Oct 27
11Nov 28
12Dec 20

Payments for Dependent Children

If you receive CPP Disability Benefits, your children might also get monthly payments if they are:

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  1. Under 18 years old
  2. Between 18 and 25 years old and in full-time school

CPP Payment Increase

CPP payments have been increasing since 2019. This increase helps those who started contributing to the CPP from 2019 onwards. There are two stages of enhancement:

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  1. First stage: 2019 to 2024
  2. Second stage: 2024 to 2025

CPP Amount & Limit for 2024

The amount you get depends on your age, earnings, and contributions. Here are the maximum payments for 2024:

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TypeMaximum Payment (2024)
Retirement pension$1,306.57
Post-retirement benefit$40.25
Disability benefit$1,538.67
Post-retirement disability benefit$558.74
Children of disabled CPP contributors$281.72
Children of deceased CPP contributors$281.72
Death benefit (one-time)$2,500

CPP Amount & Limit for 2024

The amount you get depends on your age, earnings, and contributions. Here are the maximum payments for 2024:

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  • Retirement pension: $1,306.57
  • Post-retirement benefit: $40.25
  • Disability benefit: $1,538.67
  • Post-retirement disability benefit: $558.74
  • Children of disabled CPP contributors: $281.72
  • Children of deceased CPP contributors: $281.72
  • Death benefit (one-time): $2,500

You might also be eligible for other benefits like Post-Retirement Benefits, Death Benefits, Survivor’s Pensions, and Children’s Benefits.

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The Canada Pension Plan (CPP) is an important program that provides financial support to retired and disabled individuals in Canada. It’s essential to know the eligibility criteria, payment dates, and benefits to make the most of the CPP. If you have any questions or need more information, visit the official government website.

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FAQS

1. What is the Canada Pension Plan (CPP)?

The Canada Pension Plan (CPP) is a program that gives monthly payments to eligible people in Canada. It has two main types of benefits: Retirement Pension and Disability Benefits. These payments help replace a part of your income when you retire or if you can’t work due to a disability.

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2. Who manages the CPP?

The Government of Canada manages the CPP. For more information, you can visit the official government website.

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3. What are the types of CPP benefits?

There are two main types of CPP benefits:
Retirement Pension: For people who are at least 60 years old and have made at least one contribution to the CPP.
Disability Benefits: For people under 65 years old who have made enough contributions to the CPP and have a long-term disability that stops them from working.

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4. How can I check if I qualify for CPP benefits?

You can check your eligibility for CPP benefits on the official government website.

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An up-and-coming tax attorney passionate about educating readers on tax planning and mitigation strategies. Juilia articles offer practical advice and actionable tips to help individuals and businesses navigate the intricacies of tax law with confidence.
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