$1364 Pension Payments in February 2025 – Full Details on Eligibility & Schedule

The Canadian government is going to provide a retirement pension of $1364 from February 2025. This pension is administered by the Canada Revenue Agency (CRA). It is also known as CPP payment (Canada Pension Plan Payment).

This monthly benefit is provided to people who have retired. Every year, the CRA reviews these payments so that it can be adjusted according to inflation and maintain the purchasing power of the people.

$1364 Retirement Pension From Feb 2025

The maximum retirement payment in 2024 was $1364.60 per month. However, sometime back, the CRA increased this amount to $1433. But nowadays, some reports and rumors are spread on social media that this amount will again be $1364 in February 2025. The question is whether the CRA will actually implement this old payment again?

CRA has not yet officially confirmed that the pension amount will be $1364 in February 2025. Rather, as per the recent hike, the amount will be $1433. Therefore, it would be wrong to assume that CRA will issue the old amount back.

Canada Pension Plan 2025 – Overview

CRA CPP Benefits Eligibility 2025

Whether the pension amount is $1364 or $1433, the eligibility criteria will remain the same. Each year, the government revises these payments based on inflation. Below are the key eligibility conditions:

• The retiree must be at least 60 years old.
• Being a Canadian citizen or resident is a must.
• Must have made valid CPP contributions while on the job.
• If a person delays payment until the age of 70, he gets 42% more pension.
• A reduced pension is available at the age of 60, while the full pension is paid at the age of 65.

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Canada Retirement Pension Payment Schedule 2025

The CRA pays retirement pensions every month through direct deposit or cheque. If pensioners want to receive payments on time, they must keep their banking details and mailing address updated on My Service Canada Account. The CRA sets pension payment dates every year and payments are issued on these dates.

Fact Check: Am I going to get $1364 actually in February 2025?

The news that you’ll get the pension of $1364 in February 2025 is false and unbelievable. In 2024, the maximum CPP payment was $1364.60, but now it has been increased to $1433. No official announcement from the CRA stated that the old amount will be given again.

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For those who want to know their pension amount in February 2025, they can check the right information at the CRA portal or My Service Canada Account. Such misleading news should be avoided, and only the official sources should be trusted.

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