The Canada Pension Plan (CPP) payment for December is set to be issued on Friday, December 20, 2024. If you are eligible for this benefit, you should see the funds deposited into your bank account on the same day.
Contents
Eligibility for Canada Pension Plan (CPP)
To qualify for the CPP retirement pension, you must meet the following criteria:
- Age Requirement: You need to be at least 60 years old.
- Contribution History: At least one contribution must have been made to the plan. Contributions can stem from:
- Employment earnings in Canada.
- Credits obtained through a former spouse or common-law partner.
How Much Can You Receive?
The exact amount you receive from CPP depends on several factors. These include:
- The age at which you choose to start receiving the pension.
- The amount and duration of your contributions to the CPP.
- Your average earnings throughout your career.
Maximum and Average CPP Payments
| Year | Age | Maximum Monthly Payment | Average Monthly Payment |
|---|---|---|---|
| 2025 | 65 | $1,364.60 | N/A |
| 2024 | 65 | N/A | $815 (July 2024 figure) |
While the maximum monthly CPP benefit at age 65 in 2025 is $1,364.60, the actual amount varies based on individual circumstances. For example, the average monthly CPP payment for new recipients at age 65 in July 2024 was $815.
To get an estimate of your CPP benefits, you can log in to your My Service Canada Account.
Additional Federal and Provincial Benefits for December
In addition to the CPP, eligible Canadians can expect other federal and provincial benefits this month. Here are the key dates:
| Benefit | Payment Date |
|---|---|
| Old Age Security (OAS) | December 20, 2024 |
| Veteran Disability Pension | December 23, 2024 |
| Ontario Disability Support Program (ODSP) | December 20, 2024 |
Delivery of Payments and Contingency Plans
Ontario’s Ministry of Children, Community and Social Services
For December, Ontario’s Ministry ensured measures were in place to guarantee payments reach clients. These plans included:
- Allowing clients to pick up cheques directly from their local ODSP offices.
- Providing alternative delivery methods, coordinated with individual caseworkers.
- Maintaining ongoing communication with clients to confirm pickup arrangements.
The ministry has decided to keep these contingency plans active despite the resumption of regular mail services to avoid any delays caused by the backlog at Canada Post.
Employment and Social Development Canada
For those receiving physical CPP cheques:
- December CPP cheques were mailed on December 18, 2024, to the usual addresses.
- Recipients not yet enrolled in direct deposit are encouraged to register for timely and secure payment delivery.
What to Do if You Haven’t Received Your Payment
If you do not receive your benefit payment by the expected date, you should wait at least 10 working days before contacting the Canada Revenue Agency (CRA) for assistance.
FAQs
Who is eligible for CPP payments?
Anyone who is at least 60 years old and has made at least one contribution to the Canada Pension Plan through employment earnings in Canada or credits from a former spouse/common-law partner is eligible.
How much is the maximum CPP monthly payment for 2025?
The maximum monthly amount for those starting their pension at age 65 in 2025 is $1,364.60.
What is the average CPP payment amount?
The average monthly amount for new retirees at age 65 in July 2024 was $815.
