The maximum CPP payout that you can get at the age of 65 in 2025 will be $1,364.60 and it is calculated based on your average earnings, contribution of CPP, and at which age you start it. The average CPP monthly payment was $815.00 as per the last update of July on the official website.
$1,364.60 CPP Payout
$1,364.60 is the maximum monthly Canada Pension Plan(CPP) payment for the year 2025 and this payment is especially available for those who want to start their pension at 65. This payment is a valuable financial relief source for many Canadians in retirement years.
The amount of your CPP is affected by many factors such as at which age you start your pension, your CPP contributions, and your average earnings. According to the official website of this financial support, the average monthly pension amount was $815.00 in July 2024.
If you delay your CPP benefit until the age of 70, then your payment will see an increase of 0.7% for every month after your 65th birthday. So, it should be cleared to you the later you apply for CPP, the highest payout you will receive. It’s best to understand the qualifying criteria and other aspects of this pension to make an informed decision about your pension.
How is your $1,364.60 CPP Payout Calculated?
The factors that take part in the calculation of your $1,364.60 CPP Payout amount are crucial to know and these are:
Age at Which You Start Receiving CPP
- Early retirement at the age of 60 can reduce your CPP amount and if you wait until the age of 65 or 70, you will be eligible to get higher payments. A $1,364.60 CPP Payout is available for 65-year-old retirees with the fulfillment of other criteria.
Contributions to CPP
- Your amount of CPP is also calculated based on your contribution period and amount during your working life. The more you contribute through your earnings, the higher CPP you will be eligible to receive after applying.
Average Earnings
- CPP calculates your amount by focusing on your high earnings so retirees can get higher payouts to survive easily in their retirement years.
How much can I get through CPP Payout 2025?
The amounts of Canada Pension Plan 2025 are based on many factors and the amounts of these retirement benefits are given below. The below table will also inform you about the average monthly pension and benefits according to the July 2024 update.
| Pension and Benefit Type | Average CPP Amount (July 2024 Update) | Maximum Payment Amount 2025 |
| Retirement Pension at the age of 65 | $815.00 | $1,364.60 |
| Post Retirement Benefit at the age of 65 | $19.84 | $44.46 |
| Disability Benefit | $1,177.20 | $1,606.78 |
| Post-Retirement Disability Benefit | $583.32 | $583.32 |
| Survivor’s Pension for younger than 65 | $524.78 | $739.31 |
| Survivor’s Pension for 65 and older | $323.78 | $818.76 |
| Children of disabled CPP contributors | $294.12 | $294.12 |
| Children of deceased CPP contributors | $294.12 | $294.12 |
| Death benefit (One Time Payment) | $2,499.60 | $2,500.00 |
| Combined survivor’s and retirement pension at the age of 65 | $1,037.82 | $1,375.41 |
| Combined survivor’s pension and disability benefit | 1,284.34 | $1,613.54 |
$1,364.60 CPP Payout Application Process
The application process for the $1,364.60 CPP Payout is very important for those who want to apply for it so take a look at the below steps.
- Interested individuals have to go to this page https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/apply to apply for CPP and to get guidelines for this benefit.
- After that, you have to decide when you need to start your pension. Applying before six months when you start your pension is best so you can receive your payout soon.
- You have to decide at this point whether you go for an online or offline method. The online method is suitable because it’s faster and easier than others.
- You will find options and forms for both methods on the given website.
- For the online method, you have to create a “My Service Canada Account (MSCA)” if you haven’t. Then provide all required information and documents before submitting your application.
- For offline methods, download the form and provide your information and documents as per the requirements before submission.
- After the submission of your application, it will be reviewed and approved by officials. The approved retirees will be eligible to get a payout then. You can also check the application status at “My Service Canada Account (MSCA)”.
1,364.60 CPP Payout Dates 2024 & 2025
The Canada Pension Plan pensions and benefit dates are given below in the table to mark your calendar and make your budget.
1,364.60 CPP Payout Dates 2024
| Month | Payout Date |
| November | 27 November 2024 |
| December | 20 December 2024 |
1,364.60 CPP Payout Dates 2025
| Month | Payout Date |
| January | 29 January 2025 |
| February | 26 February 2025 |
| March | 27 March 2025 |
| April | 28 April 2025 |
| May | 28 May 2025 |
| June | 26 June 2025 |
| July | 29 July 2025 |
| August | 27 August 2025 |
| September | 25 September 2025 |
| October | 29 October 2025 |
| November | 26 November 2025 |
| December | 22 December 2025 |
$1,364.60 CPP Payout Eligibility Criteria
The eligibility criteria for the $1,364.60 CPP Payout are given below to check before applying for this financial assistance.
- Interested individuals’ age must be 60 to start your CPP and $1,364.60 is the maximum payout for only 65-year-old retirees.
- To get this maximum payout, individuals must have made at least one CPP contribution during their working years, and contributions for almost 39 years are necessary.
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