$1382 CPP Increase Payment

In October 2024, the Canada Pension Plan (CPP) monthly retirement payment increased to $1,382, offering crucial support for Canadian retirees. This article breaks down eligibility, deposit dates, tax implications, and ways to maximize your CPP benefits. Learn how inflation impacts payments and how to plan for your retirement. Maximizing CPP benefits through delayed retirement and consistent contributions can ensure you receive the highest possible payout.