The Canada Pension Plan (CPP) rate increases are essential adjustments made annually to ensure that benefits keep pace with the cost of living. These increases are determined by the Consumer Price Index (CPI) and are legislated under the Canada Pension Plan Act to protect the purchasing power of beneficiaries.
Table of Contents
When Are CPP Rate Increases Applied?
CPP rate adjustments come into effect every January. For the upcoming year, CPP benefits paid in 2024 will see a 2.6% increase starting January 2025. This adjustment ensures that CPP recipients can maintain their standard of living despite rising costs.
What Is the Consumer Price Index (CPI)?
The Consumer Price Index (CPI) is a critical measure developed by Statistics Canada to monitor the rate of price changes for goods and services purchased by Canadian consumers. It is the most widely used indicator of inflation in the country.
The CPI compares the cost of a fixed “basket” of goods and services over time. This basket includes essential items such as:
- Food
- Shelter
- Clothing
- Transportation
- Health care
- Other typical household expenses
By holding the quantity and quality of these goods constant, the CPI provides an accurate reflection of pure price movements.
CPP Premium Changes for 2025: What Every Canadian Should Know
CPP & OAS Cost-of-living Adjustment 2025: Increases & Updates
How the CPI Is Calculated
Currently, Statistics Canada uses 2002 as the base year, meaning the CPI for that year is set to 100. For example:
- In 2002, the basket of goods cost $100.
- In January 2023, the CPI was measured at 153.9, indicating the same basket of goods cost $153.90—an increase of over 50% since 2002.
How CPP Rates Are Adjusted
CPP benefit amounts are recalculated annually based on the percentage change in the CPI over a 12-month period. For instance, the CPP rate increase for 2024 was calculated using this formula: Rate Increase=CPI (End of Period)−CPI (Start of Period)CPI (Start of Period)×100\text{Rate Increase} = \frac{\text{CPI (End of Period)} – \text{CPI (Start of Period)}}{\text{CPI (Start of Period)}} \times 100
Even if the cost of living decreases, CPP benefit amounts remain at their current level and do not drop. This protection is a feature of the Canada Pension Plan Act, ensuring stability for beneficiaries.
What Seniors Need to Know About OAS Increases for 2025?
Maximum CPP Benefits in 2025: How Seniors Can Maximize Their Retirement Income
Looking Ahead: CPP in 2025
As CPP benefits continue to align with changes in the cost of living, Canadians can rely on these adjustments to support their financial well-being. With the 2.6% increase in place for 2025, the CPP remains a cornerstone of income security for retirees and others who depend on these benefits.
By understanding how CPP rate increases are determined and the role of the CPI, Canadians can better anticipate changes and plan their finances accordingly.
lol 😂 CPP is a joke there is no way a person can survive on the amount we are getting I worked hard all my adult life and I only get 601 dollars a month it should be every two weeks we should be getting paid not once a month and then the government has the gall to tax us on our CPP another knife in the back being retired has its consequences and in the future it definitely doesn’t look good for our children so Mr Trudeau start giving us seniors a substantial raise and do it now instead of throwing our money to other countries and start looking after the real Canadians not these immigrants
Well said Trent, they act like they are doing us a favour…it’s absurd how they expect us to survive…new immigrants get more money than CANADIAN seniors that have worked there whole lives, paid taxes and contributed to CPP. I’m disgusted by how the government treats their citizens.
Immigrants mainly come from countries where they pay little or no taxes, and do the same here with their nail salons etc, then our health care goes down hill because the users don’t pay their way
I agree with you big time. You’re so right I’m sick and tired of our hard earned money going to the immigration people they land here and are given cash right away,clothing for whole family and a place right away to live. What happened to the poor people sleeping on the streets come on man that’s so wrong our true Canadians that suffer on streets that have come to hard times don’t judge a book by its cover. Some of our people that are homeless had good jobs and payed taxes had a place to live but after Covid so many more lost everything because of everything like food , housing everything went up but pays stay the same. So Trudeau you trader stop giving immigrants everything handed to them help our true Canadians that where born here payed taxes and much more. I’m sick of this stop give our hard errand money overseas millions and millions of dollars that is ours. I know Trudeau will not care hopefully soon when he’s booted out maybe next one voted in will stop give our money to other countries even if they don’t take half of what you give out to overseas give half of what they where going to give and give back to our homeless people and if they did that our Canadians that live on streets would never be on streets again because half of the billions Trudeau gives to immigrants and overseas would help ours get in housing get jobs our people come first not immigrants that land here. Vickie thank you writing about this matter so true. Stop letting more immigrants in. What really bugs me is how come these immigrants that are here have bought almost every fast food services and much more where is the money coming from? From us our money given to them and money from there families back where they live they fool our government and see what they get. Why is this happening when it cost so much money to buy a franchises and all you see in these places is immigrants it’s sickening to see that true Canadians suffering and immigrants taking advantage of us it has to stop now. I’m like you Vickie I’m on CPP and get the same as you. I’ve lived here for 62 years and payed taxes every year and into CPP. I have to go to food banks because after my bills are payed for the month I have only $200 dollars left for the month isn’t that nice thanks Trudeau. STOP SENDING OUR HARD EARNED MONEY to immigrants and other countries it starts at home first .
You are mistaken
Immigration is not the problem
Take another look
You are right, it’s the policing of immigration that’s the problem!
Trudeau govt give twice what Harper gave. Wait….once Poilievre gets in he will favour the wealthy and big Oil polluters and care less than Trudeau for those earning less that $45,000 yearly. Conservatives are always worse historically than Liberals for the middle and low class 🤷♂️ Just wait and see…
CPP was only meant to cover 25% up until a few years ago. You were suppose to be saving in TAX free money accounts like TFSA and RRSP. It has since gone up to 33% and tge cost if inflation over the last 6-7 years now caused it to increase another 1/3-2/3 depending on the years. If you were or are still working and deferred your collecting it you will see a substantial amount. In other countries they get substantially more but that’s for you to determine because each one of the colonialism countries there pensions are collapsing or are being touched by capitalism. I teach financial literature to PSW’S, learning about it really helped me priortize
You must be kidding? Who in the hell kept us out of the 2008 recession if it wasn’t Harper? Give your head a shake and then shake it again..if you think Trudeau has been looking out for your best interest, unless you live in mommy’s basement or you are a new immigrant who has reaped the rewards off the tax payers backs!!!
We need to be very careful who we support. As you can see, thanks to the liberal Government of Canada, we have a national debt of 1.3 trillion dollars.
Their counter parts in the USA, the Democratic government, as of 2024 have a national debt of 45 trillion dollars. Try wrapping your mind around those numbers. If we as individuals had debt as high as this proportionally. We would be on the street, and this is why taxes are so unbearably high.
So just because one area of your life under a liberal government is better. Better look at the whole picture before you vote.
Where you like to believe it or not the liberals have always been worse. Are you not aware that your liberals get oil from a country that could care less about pollution?? Namely Saudi Arabia. The liberals are and have been so far up their rears that they can’t see straight… The liberals ONLY CARE ABOUT AND WILL DO EVERYTHING IN THEIR POWER FOR THE RICH. Get your stories straight. All politicians lie but some like the liberals are the biggest ones. Then you have the NDP who will latch on to whoever is in the lead. Trudope needs to be long gone.
Are
CPP was always meant to be 25% of your working income… and the maximum pentionable amount today is just over $60k. Trudeau has a plan that it will rise to 30%.
RRSPs have been an option since 1957. People have always been told to save for retirement.
HI, SEASON GREETINGS, IS THERE PROOF OF THIS?
Trent don’t lame others for your bad planning. CPP was only ever meant to be 25% of your overall plan. Full retirement benefits CPP $1348 amd OAS $748 at 65 which good base.
If you only get $600 you took your CPP early and made decision to live on less.
Yes Trudeau has bankrupt the country and kids today will pay for his miss management- feel bad for them.
We will retire next year and using our max gov benefits with our saving and plan on a fulfilling Retirement as we planned our entire life and very prepared for the next chapter.
Totally agree Shane. CPP also pays for a multitude of benefits, disability, for children with disable parents or deceased parents, survivor benefits, death benefit, etc. We could never find an investment that would pay that much with so little cost. We are responsible to build our own pension as well. We can’t just count on the government for everything. As you say there is also OAS and GIS as well.
Please check out the CPP INVESTMENTS BOARD actual financial statements. 1. The ROI is not 9%, its only about 3.8%… 5.2 % is from excess premiums charged to employers and employees. Once you get that fihured out, find how much increase in premiums they put into “bad” foreign Asian asset purchases under Bill Morneau’s (former Finance minister) appointee. Then he skated out with more than $2 billion increase in Lifeworks. If CPP was doing so good, why did they not meet their targets, and borrowed $45 billion? Why has CPPIB Employees grown from 99 in 1997 to over 2100 in 2022? KRYSTIA Freeland… knows what Trudeau and Mornneau have pulled off.
We too have little to complain about. I do mourn our Healthcare systems tragic demise as it was a wonderful thing to have in all our years of raising our family. I really fear for our grand and great grand children. As our country cannot sustain this huge influx of immigration. Please see sense before it’s too late, like with climate control.
I worked full-time by the time I was 16. I had 3 children I worked the whole ti am now 67 I’m on full oxygen my Rent is $1785. Both my pensions together and my husband’s death benefit come to a total of $1900 a month. And they decreased it instead of increasing it in 2024. I worked on my life I paid into this I know it wasn’t meant to live off of but sometimes you just don’t get that dream job or have that perfect life with a spouse that you can put money away and life I was paid to pay checksI worked on my life I paid into this I know it wasn’t meant to live off of but sometimes you just don’t get that dream job or have that perfect life with a spouse that you can put money away My whole life was pay check To paycheck and making sure my kids were fed and Healthy and a warm bed to sleep in at night and a roof over their heads. I did have some money saved but because my payment only covers my rent I have to use that It’s not going to last much longer. The government should take care of their Seniors. Let them live on what we do for a year and see how they do. Does the government Read this.
How about this one! I worked for 35 years and qualify for the maximum CPP payment.
My ex-spouse was given almost half of my monthly amount. CPP calls this Pension splitting.After he died, I requested to have his part of the split returned to me. CPP refuses to do so.
I couldn’t even pay rent with my portion of the split. I have appealed several times and they were all denied stating that I missed the deadline for the first appeal. They asked if there were any extenuating circumstances which would have caused me to miss the deadline. There were: my dad’s illness, his hospice care which I provided, his death funeral and management of his estate all happened within that time frame. CPP still refuses to return my CPP contributions to me.
But if my ex had remarried or lived common law, that individual could have received up to 60 % oof those contributions!!
You are so correct Diane! CPPIB has been used to allow Liberal Cronies to shed their poor investments and grab billions of Canadian workforce and employers funds.
I totally agree with you we have worked hard and have paid our dues the cpp pension fund is for us and not for our government to help themselves to it and give it to other countries we should be getting double than what we are getting and it belongs to us and not the government it’s ridiculous and unacceptable for the government to keep what is left in our pension fund after we pass away we don’t get even half of what we have put into our pension fund it is criminal what our government is doing
The government cannot spend money from the CPP fund. It’s against the law. The money belongs to the citizens only. You get a percentage of your earnings once you start collecting it. The more you earn the more you collect. It’s pretty simple formula.
Mike
You missed where the government is looking at dipping into the surplus as there is a huge sum in the plan I agree it should be given back to those that contributed
Would be nice to have our prime minister curb His travelling at our expense as He realy has no purpose Did anyone ever find out how much it costs us when He uses our fuel our plane and how much it hurts our environment with the amount of fuel burnt on one trip
And your pretty naive. Who told you what the government can do and can’t do ?
Yes I agree!!!! It’s hard to live on a pension, especially with everything going up and up. Rents are ridiculous, how can a single retire afford 2000 a month for rent????
CPP is not meant for a stand alone pay cheque, it’s a supplement like child benefits and Trillium etc, put money away for retirement while you are working your 40 years, I did! A divorced single mom of 2, my ex still has a mortgage and a job at 70, saved nothing while he worked his 40 years
Are you on drugs? We payed into the pension fund and our employer matched what we payed dollar for dollar. Like what was said the CPP doesn’t belong to the government it belongs to the workers who contributed! The government is only supposed to manage the Canada Pension Plan. Not use it when they want to make work programs like Trudeau SR did in the late 70s and early 80s. It was supposed to accumulate interest to support workers when they retired.
We’ll said
CPP was never intended to provide 100% of your retirement income, it’s calculated to provide 40%. The other 60% has always been your responsibility either through RRSP’s, TFSA’s, other pensions, savings or a combination of these.
Not all of us were so lucky to have surplus money to contribute to all these other programs and not all of us had full-time 40 year (secure) jobs for 40 years like our parents. Some of us had seasonal jobs and not a whole lot of extra loot to play with, we were busy trying to keep our heads above water….and guess what, at 70 years old I STILL have to work, not because I enjoy it – although staying home all day isn’t good for ones’ mental state either, but because I need to…
Sorry to hear that buddy, I wish I could work, because I could use some extra money to make it thru the month. I’m almost 72,I worked since I turned 16, but I’m disabled now so working isn’t possible. With everything going up but our pensions, it makes me wonder how we are going to make it.
Very true ….
I absolutely agree with everything you said. I always say the same thing. I worked all my life from 18 years old till 69 years old and my pension is barely enough to live on. I have to be careful with my money and know where every cent goes. Then he brings newcomers here and they get everything handed to them including cheap rent I pay full rent.
You nailed it.
I think the joke would be if we didn’t get it at all.
It seems that you did not pay much into the plan. Maybe low pay or too few years of CPP contributions. CPP is only one portion of your retirement income stream. That’s why planning and saving leads to a better retirement. No fault of the government. The CPP stands very high in the world rankings.
I agree. We need more money to survive
Our government should learn that charity begins at home.It’s easy for people to say you should have saved,but unfortunately for some of us the money to save simply wasn’t We’re paying for people coming in that have no intention of contributing to anything,only here for what they can get.Most of the time getting benefits that people paying for them can’t afford for themselves.Not to mention the burden they put on our hospital and other services.So remember it’s easy to say should have saved.
Exactly
I agree
Its not just cpp its cppd and aish in order for an individual to live at least half decently or a tiny bit decently it costs $2459 a month and thats just to just get by
Well said… All the monies we paid into the government over 40 years for housing for furniture for flooring for food for gas for water for petrol for hair dressing for dentist for doctors for prescriptions for hydro for food for restaurants for tires for schools which transit for pets for pet food for veterinarians but everything we paid tax on tax on tax on tax… All the Mondays we have paid into the system have been paid into the coffers for every government so they’ve been earning interest put the CPP if we had been able to put our money into a private investment we would be thousands of dollars ahead. but no, CPP is compulsory, and what happens with that well hey we get taxed again. It is a form of elder abuse because we are elderly and we’re being abused trying to live on the kitchens that we’re getting when politicians are forever giving themselves raises. SHAME ON YOU!!!
The government has been collecting our hard earned money for my entire working life I have been working since I was 15 years old and making 1.50 an hr. We have never had a choice we have had to pay CCP and income taxes. We can’t do anything without paying taxes. The governments have been taking money out of the CPP fund for decades to pay down debt or to fund other things and it actually adds up to hundreds of billions of dollars taken from our CPP fund. If we had the choice of what pension fund we wanted to contribute to we would be collecting at least triple what we get from CPP it’s a joke and we can’t just put the blame on Trudeau all governments over decades with the conservative governments being the worst have been robbing our CPP. Our CPP funds are invested in all kinds of different things even Bitcoin and earning big money that does not go back into the CPP fund. I have maxed out on my CPP contributions every year for the past 37 years before I retired and I was forced to retire at age 63 because of disability. So I started collecting at 64 and I get 847 per month take 100 off for taxes leaving 747. They did give me an additional 560 for disability but the day I turned 65 I was no longer disabled I guess after age 65 you can no longer be disabled. I have a severe permanent disability and I get no benefits at all to help with disability. And then old age is a joke as well 718 per month it’s rediculous. I know people on social assistance who have hardly worked at all in their lives that get more money than we do. So believe me when I tell you the only political party that has never governed in my adult life is the New Democratic Party so would they do a better job who knows but we will never find out unless people wake up and maybe give them a chance.
Government has not, and will not, dip into CPP. It’s illegal for them to do so. Unfortunately there are many on this forum who appear to be financially dysfunctional. CPP is a 25 percent backstop, it was never to be your primary income in retirement. You didn’t save and now you blame immigrants because you don’t have high enough income in retirement? Give your head a shake.
I too think the government allowed too much immigration over the past 2-4 years. We need immigration but at lower levels. But I can’t fathom why people are blaming immigrants for their current CPP payout sum being lower than they would like. It’s different buckets of money, full stop. The government cannot mix the two – that would be illegal.
Finally, for folks that claim they didn’t have a chance to save, I feel for you. I do. It’s a hard thing to fix after the fact. But make no mistake – you chose not to. I was making $6.85/hr and found a way to save 15 percent into my RRSPs. Yeah, I drove a crummy car, and lived on oatmeal and pasta/rice dishes. I didn’t live large.
Well those wgo say we should have save money and its our fault. Well i worked over 40 years. Raised 2 boys and had a morgage. Then went through devorce, then sent 2 boys through rehab. So i had to sell my house and pay my ex half . Then got cancer at 55. Worked till 60 ans couldnt work anymore. My son passed away of cancer when i turned 60. Im lucky that my new wife works to help. I get 550$ a month. In 3 months i will be 65. Its been said in these comments how life has been though to save. Belive me it has been a stuggle. So you people that say its our fault for not being able to save. Welltry and walk in our shoes.
I couldn’t save money, had to kids to support and with a husband that thought drinking was more important than family, well I think that says it all. Thank God those days are over now but here I sit depending on the government for everything, and that’s a scary situation…
You have to be kidding right, an NDP government, will never ever form a government in this country and there is a damn good reason for that! Look at the state they have put us in currently, and you want more of that? Wake up!
I have to agree that Singh is for us pensioners but I don’t think the NDP could actually run the government. Scary thought…
CPP is not funded by Government but by workers and their employers based on their income over their working years and the number of years worked, If you get about $600 a month it’s because your working income was low or you didn’t work enough years. Thus you didn’t pay a lot in so why would you expect to get more out? CPP is not welfare and it was intended to be the only source of income to live off during retirement.
You know nothing of our work history, how much we were paid when we were working, where we worked, for how long and any extenuating circumstances, family situations &/or disabilities some of us have had to deal with.
You make it sound like we chose to have employment that didn’t pay a ‘living wage’. Unfortunately not all of us were as lucky as some of you who had ‘extra’ money for investments that magically gained interest. For other reasons some of us needed to work close to home, seasonal jobs or had a rotating schedule because we weren’t able to work five days a week. I guess these are the jobs that ‘youth’ are now stepping into – and they won’t be able to afford these financial goodies either – GEEZE, these days they’re lucky to be able to pay rent without having to share with three other people.
And yes, I’m also p’d off about our immigration policy – a bit late to decide to stop the flow of people coming from other countries don’t you think! Pretty much if a business isn’t a big brand name they’ll be owned by someone who’s “not from here”. On my street in a ten block stretch are 6npizza places, four places selling or repairing cell phones (excluding brand name products),
fresh fruit/veggie stores x 6; 13 restaurants – not one of them serving a ‘Canadian Menu’, 13 dentists – no, not one is owned or run by anyone without a foreign name; 6 physiotherapy locations, 2 optical stores, one optician and/or eye specialist, 9 doctors (private & only serving their own patients) 4 walk-in clinics (only one doctor with an English/Canadian name), both dollar stores, 6 blocks away from one another, 4 bakeries (one has branches throughout the city).
For brand names there is; one Shoppers Drug Mart (with a second SDM 15 blocks away, a Rexall Drugs, a Buy-Low grocery, Tim Hortons, Dairy Queen, Starbucks (of course) and every banking institution known to Canadian consumers.
Walking down the major street near my home address where the stores are you’ll see every nationality, fewer of us – “white, Caucasian, Canadians” the only way to describe the “rest of us,”.
Languages heard – everything and they definately outnumber the English language ppl.
When I moved onto my block the majority were Canadians (that being born and bred) one Italian family, two Polish, 1 Chinese, 1 Mexican, two Portugese, one East Indian family (I’m not sure what is ‘politically correct’ anymore) and 2 Philippino, that was in 2001.
Now in 2024/5 I am one of four Canadian born & bred, English as first language people.
With the rest of the block being 7 East Indian, 2 Portugese, 1 Italian, 6 Philippino, 2 Polish, 2 Mexican, 4 Chinese.
Of my last decent paying unionized jobs, the govt eliminated 10,000 jobs less than a week after coming into power. Our last month of work was Nov 2001, I’d worked in that environment for 14 years and enjoyed it. There were 33 of us on the afternoon shift,bibwas the ONLY Canadian person on that shift for my entire fourteen years. The rest were East Indian and Philippino – if I tried to go to our break/lunch room I was definately made to feel like I wasn’t welcomed – and the outcast…..
This is a statement that I. can relate to in one hand and out of the other time for a change Trudeau RETIRE ASAP YOU ARE A WASTE and you should be ashamed to be called a leader look after your own backyard , before you start throwing our hard earned monies away people whom don’t even live in this country
I agree!!!
CPP was never intended to replace 100 percent of your wages while working. In fact it was designed to replace only 25 percent. An increase to 33 percent is now being phased in. But heres the rub. CPP is designed to be self funded so contributions are also rising.
Just what do think the contributions would be if CPP payouts were designed to replace 100 percent of the annual industrial wage?
Answer: A lot HIGHER than the CPO contributions you made while working. Age at 65 it is presumed that seniors will also collect the OAS and some will even collect Guaranteed Income supplements.
Its ridiculous to even contemplate that CPP benefits should replace 100 percent of your income during your workings.
Free money. Yeah right. Everybody wants it but nobody wants to pay for it.
Well put
If you think it’s bad under Trudeau, you just wait and see how Poilievre will cut taxes for the rich and big Oil companies. Under Poilievre key social programs will be cut making it harder. Poilievre will claw back old age security more and more.
Oh god, that’s not what we need! But what should we do???
It seems odd to me that in your plans for retirement you did not evaluate what your CPP would be. It us managed by the government. It is not funded by the government. It us the money you and your employer contributed. It is only intended to be a supplement because people didn’t save themselves. OAS is a gift from the government and low income seniors can access another supplement. CPP had a cap each year. Live 20 years, 240 months, how much per month did you want to live on? What are your RRSP and Tax free savings? Also, you need to look at what the government provides seniors in other ways. And don’t forget to ask for your seniors discount.Because those are after tax dollars given to you by your community. The government also provides you with a statement that tells you how much per month you’re going to get. I think you didn’t plan well and I think you want to blame the government.
It is true. freeland cut down GIS, reformed it to be paying less than before under covid payments. Every time there was something to pay from government She made the pensioners get less money
I paid cpp for almost 50 years foe a total of over 200k. When I die, where does the money go? It’s my money, it should go to my estate.
Wow, I’m an immigrant being living in Canada for 40 years and worked all the time and I get less than you, all immigrants are not the same.
I agree with you, but it’s not people like you that has lived here and contribute a life time that these people are talking about i don’t think. Sorry if you feel insulted..
You sound like you drew yours at 60. Many of my friends and relatives that did feel horribly short changed, but please remember that it was your and their option.
All seinors should call there mpp every hour till we get what we want and let them know they will not be reflected if they do not fix this fast
Yeah!What A Joke for My Hard Working live That I Contributed to my Cpp Over 42 Year’s (34) Fulltime (8) Partime..I’m Getting $689
Agreed! 2.6% increase is an embarrassment. This government needs to go!
Yes but who do you think will do better???
Absolutely.
Seniors in Canada are living in poverty and unable to afford the necessities of life. There is no way that a senior can live on OAS and CPP alone. I agree that Canadian seniors need to be better taken care of before giving our tax dollars out to other countries and causes.
I concur. Our wages which determine the cpp amount were taxed and now the money coming back to us, gets taxed. So taxed twice for our work.
Yes sir, cpp is a joke. After contributing for 20 tears, i get $302 as OAS and 354 as CPP. Even poorest nationz give better treatment to their seniors.
I totally agree with you everything went up but our pension oh wait I did get an increase of 4.00 wow don’t spend it all in one place lol
CPP is a joke . I’ve worked since I been 16 years old . I’m 61 years old . I get 475.00 per month . I still work but I shouldn’t have to work . CPP should pay us minimum of 500.00 per week . We work all our lives and get nothing . I own my home … Raised 2 kids … Have vehicles n a few toys but CPP is a joke . I used to pay more taxes than my pay was cos of the overtime . It’s A Joke !!
I get 150 dollars per month. The government should feel embarrassed to send a person this in today’s economy. It’s so Ridiculous..
I have worked all my life I took it at 60 and I’m getting almost 3 times your amount you must have missed income on a number of years
The problem with govt pensions, they arent structured properly.Being a mother, kids were sick, lost alot of time to work. So it shows up in pensions. I say there should be a base amount for those of us who fall thru the cracks.
Amen sister, my husband had Alzheimer’s
I agree
People are only eligible for CPP based on what they contributed plus you must have contributed for 10 years
Your right
That’s for sure & NONEgk but? New comers why should they get any
For us ogp we should be WELL off not suck-holing 4
Measly CRUMBS
You have to make maximum pension contributions for 40 years to get the max. You may only get the minimum depending on your salary and number of years contributing.
Ccp is a joke am only getting 26.80 and worked amost 33 years and I did get that till I was amost 64 years old ,had no choice to come of to take care a a sick hubby & have heart problems
How could you only get that small amount if you worked for 33 years??? I think you need to talk to someone about that.
Service Canada staff were stealing my credits I was earning during my working years. Before retirement, I was becoming disabled but paying into CPP during retirement years. Someone stole my payments around $100,000.00 and now I’m receiving CPP $ 731.25/month + OAS $637.19. CRA claiming that I’m owing money for them but someone was stealing and falsely taking away all my disability credits. I was realizing that huge federal fraud against me after I retired and signing into my Service Canada account. I’m seriously ill and CRA is taking away the GST, Trillium benefits, Climate Action, Grocery Rebate, even the Ontario Senior Homeowners Property Grant is not issued for me based on CRA staff’s fraud against me. I was writing to CRA on multiple occasions asking for investigation and nothing was/is happening. They are still abusive to me and robbing me from every penny they can. They are not allowing me to claim Hydro, health,supplements, vitamins, home improvement, etc bills. The staff in federal government offices are robbing us. How much I was saving during my working years, it’s no one concern and no one should be judgemental to others.
CRA also brings ‘accounting’ students on board for their 3 ‘work practicums’ that are required during their community education classes (8 months in duration). It wouldn’t take much for ‘someone’ to keep track of your personal info and obtain your credits – to their benefit…same as lawyers offices utilizing ‘Legal Office Assistant work practicums (3 x 4 weeks each, required during the 8 or 9 month long course). My husband had three govt cheques he’d dropped off at his lawyers office, mysteriously hour months later they ‘disappeared’ from office files – lawyer had two legal student in during the year he used the lawyer for some personal business that required a lawyer.
Many of the community based education training centers are aimed specifically at non-Canadian students. If you look on the first or second page of their website you’ll see that they’re specifically aimed at educating anyone who is not Canadian born & bred because there are govt grants available to them – but if you’re Canadian you better get ready to open your pockets to pay anywhere from $10,000. to $17,000.to attend their ‘govt approved’ schools… opening the doors to all kinds of “skills” if you’re so inclined and we open the doors to be taken advantage of be it a lawyers office, Rev Can, etc….
Service Canada staff were stealing my credits I was earning during my working years. Before retirement, I was becoming disabled but paying into CPP during disability years. Someone stole my payments around $100,000.00 and now I’m receiving CPP $ 731.25/month + OAS $637.19. CRA claiming that I’m owing money for them but someone was stealing and falsely taking away all my disability credits. I was realizing that huge federal fraud against me after I retired and signing into my Service Canada account. I’m seriously ill and CRA is taking away the GST, Trillium benefits, Climate Action, Grocery Rebate, even the Ontario Senior Homeowners Property Grant is not issued for me based on CRA staff’s fraud against me. I was writing to CRA on multiple occasions asking for investigation and nothing was/is happening. They are still abusive to me and robbing me from every penny they can. They are not allowing me to claim Hydro, health,supplements, vitamins, home improvement, etc bills. The staff in federal government offices are robbing us. How much I was saving during my working years, it’s no one concern and no one should be judgemental to others.
Iam with Trent we are being over looked when money should be paid to Canadian’s and it’s going to other countries
You reep what you sow…if you contributed the max, you’ll get the max….if you didn’t, then it sucks to be you. You had 40 years to prepare for retirement…if you fall short of $$…that’s on you. But yes, supporting immigrants and gifting millions to foreign countries needs to stop.
It is easy to critisize others because they did not or were unable to save for retirement. Those low paying jobs gave you a nice place to live, streets cleaned, food for your table and a clean hospital when you were ill. A lot of low income people paid for your lifestyle right now. Your salary may have been paid for by low paying workers. Your good pension as well.
Well said… All the monies we paid into the government over 40 years for housing for furniture for flooring for food for gas for water for petrol for hair dressing for products for holidays for dentist for doctors for prescriptions for hydro for food for restaurants for tires for cars for boats for schools which transit for pets for pet food for veterinarians HELL… everything we paid tax on tax on tax on tax… All the Monies we have paid into the system over these years have been paid into the coffers for every government.
This has been earning interest. if we had been able to put our money into a private investment we would be thousands of dollars ahead. but no, CPP is compulsory, and what happens with that. Well hey hey hey GUESS WHAT??? we get taxed again. It is elder abuse, because we are elderly and we’re being abused trying to live on the pittance CPP that we’re getting. I am 75 and HAVING TO WORK OR BE HOMELESS!!! MEANWHILE FAT CAT politicians are forever giving themselves raises, serve one term and get a pension FOREVER. SHAME ON YOU POLITICIANS!!!
As a divorcee am I entitled to my ex husband’s cpp? We were married in Scotland 1966 same year we emigrated and both worked. We had two children. Divorced 2094, I have heard I should have been entitled to his CPP, if so I’m just finding out now. Please advise(Taylor was my married name) I have since remarried.
When i turned 65 the government took 120.00 off my widow pension
When i asked about that decrease i was told thats what they do.
That is not fair
A family can move here from another country with let’s say three children under the age of 17 once their mother becomes a Canadian citizen she now gets family loans for each of those children that’s under the age of 17 not only does she get family out she gets back paid for those children so if you have a child that’s 15 a child that’s 12 and a child that’s 9 you get back pay for all those children how is this right there banking on this money I don’t understand why our government would allow this to happen
That’s not right!
How did we allow OUR COUNTRY to become such a tangled web of lies? In 2016 I went on CPPD until I became 65 last year. My CPPD got switched over to regular CPP once my bday hit. With CPPD, I lived an alright life but since being switched over to regular CPP, I make less than I used to in a far worse economy . Now food bank and coupons are part of my life! You are allowed to work and make up to a certain amount of dollars on regular CPP but seeing as I am still disabled with MS, I don’t envision this happening. So why can’t I stay on CPPD? Just because I hit the magical number of 65 does not mean my disability has miraculously disappeared! My “Golden years” are most definitely more aluminum than gold! Karma is a bitch, Trudeau, yours just hasn’t arrived yet…but it will !!
2.6% increase. That’s a $6-8 per month increase for me. I can actually buy a bag of milk with that increase. I am so excited, NOT. I’m living alone on $1400 a month and I should be excited and grateful for a bag of milk? I dare those government fools to live in my little place and live my life for one month. I dare them. You know none of them will do it. Heaven forbid if they have to give up their steak.
The CPP Investment Plan has over 650 billion in the Fund. Its shameful that seniors over 65 in this country who raised children are on GIS earning $32,000 gross less yearly. Inflation is up like crazy the past 4 years.
One forgets that your CPP increased by 6.5% and 4.7% in the past two years when inflation was higher. Inflation in 2024 was 2.6% so was your increase. CPP and OAS where designed to be 25% of your working income. I retired 7 years ago and these benefits cost of living increases are to keep that level of benefits. I was lucky enough to work for an employer where I contributed to an indexed pension for 30 years, paid the max into CPP for most of my working years and managed to put away a few dollars. All that being said I have an income over $60,000 annually with virtually few deduction. I own my home and my car . My spouse’s income along with mine provides us with a 6 figure income. We never had the delusion that CPP and OAS would sustain us in retirement.
My husband worked till he was 73
Any paid into the Cdn pension and has only got 10.00 to each
Canada pension and Canadaension . How come