If you’re a recipient of the Canada Pension Plan (CPP), you may be eligible for a $1,365 payment in February 2025. With recent adjustments to pension benefits and cost-of-living increases, many retirees and eligible individuals will see a boost in their monthly payments. But who qualifies for this increased amount, and how can you check if you’re getting paid? Let’s break it all down.
Understanding the CPP Benefit Increase
The Canada Pension Plan (CPP) is a government-administered program that provides retirement, disability, and survivor benefits to eligible Canadians. The payments increase annually based on inflation and cost-of-living adjustments (COLA) to ensure retirees can keep up with rising expenses.
For February 2025, the maximum monthly CPP retirement benefit is set to reach $1,365 for individuals who qualify for the full pension amount. However, not everyone receives the maximum payout—your benefit depends on how much you contributed during your working years and for how long.
Who Qualifies for the $1,365 CPP Payment?
Not all CPP recipients will receive the full $1,365 payment, as individual benefits are calculated based on personal contribution history. However, you may be eligible for the increased CPP benefit if:
✅ You have contributed to CPP for at least 39+ years at the maximum rate
✅ You are at least 65 years old (or have chosen to defer payments beyond 65 for a higher amount)
✅ You meet the new COLA adjustments applied to CPP benefits for 2025
✅ You are currently receiving CPP retirement benefits
Even if you don’t qualify for the full $1,365, you may still see an increase in your monthly payments based on the inflation-adjusted rates set by the Canada Revenue Agency (CRA).
How to Check If You’re Getting Paid
To determine whether you qualify for the $1,365 CPP benefit in February 2025, follow these steps:
1. Check Your CPP Statement of Contributions
- Log in to your My Service Canada Account (MSCA)
- Navigate to “CPP Contributions & Benefits”
- Review your estimated benefit amount
2. Review Your Age & Deferral Options
- If you started collecting CPP at 65, you’ll receive the standard payment amount based on your contributions
- If you delayed your CPP payments beyond 65, your benefit could be higher than $1,365
- If you started taking CPP early at age 60, your benefit may be lower than the maximum
3. Look for the February 2025 Deposit
- CPP payments are deposited on the third-to-last banking day of the month
- Check your bank account or Service Canada account for confirmation
CPP Payment Dates for 2025
Here’s when you can expect your CPP payments in 2025:
- January 29, 2025
- February 26, 2025
- March 27, 2025
- April 28, 2025
- May 28, 2025
- June 26, 2025
- July 29, 2025
- August 27, 2025
- September 26, 2025
- October 29, 2025
- November 26, 2025
- December 22, 2025
Payments are typically made on the third-to-last business day of each month.
What If You’re Not Receiving the Full $1,365?
If your CPP payments are lower than the maximum amount, here are a few reasons why:
- Lower lifetime contributions: You may not have contributed to CPP for the full 39+ years at the maximum rate.
- Started taking CPP early: If you began CPP at 60 instead of 65, your payments were reduced.
- Gaps in employment: If you had years with low or no contributions, this affects your total benefit amount.
- Pension splitting or deductions: If you’re splitting pension income with a spouse or have deductions, your final deposit may be lower.
If you’re concerned about your CPP amount, you can contact Service Canada to review your contributions and options.
Conclusion
The $1,365 CPP payment in February 2025 is great news for many Canadian retirees, as it reflects an increase due to cost-of-living adjustments. While not everyone will receive the maximum amount, many will see a boost in their monthly benefits.
To ensure you’re receiving the correct payment, check your Service Canada account, review your contribution history, and verify the CPP deposit dates. If your payments seem lower than expected, consider contacting Service Canada to explore your options.
With CPP adjustments happening annually, staying informed about changes helps maximize your benefits and financial security in retirement.
FAQs
1. Who qualifies for the full $1,365 CPP payment in February 2025?
To receive the full $1,365 CPP benefit, you must have contributed at the maximum rate for at least 39 years and be receiving your retirement pension at age 65 or older.
2. When will the CPP payment be deposited in February 2025?
The CPP payment for February 2025 will be deposited on February 26, 2025, the third-to-last business day of the month.
3. Will all CPP recipients get the $1,365 payment?
No, the exact amount varies based on your individual CPP contributions, age at retirement, and cost-of-living adjustments.
4. How can I check my CPP payment amount?
You can check your estimated CPP benefits by logging into My Service Canada Account (MSCA) or reviewing your CPP Statement of Contributions.
5. Can I increase my CPP payments in the future?
If you haven’t started CPP yet, delaying your benefits past age 65 can increase your monthly payments. You can also contribute more during your working years to maximize your future benefits.