Canada seniors’ pension and potential increase of $2100
Canada has a number of government-funded financial support programs for seniors, of which the prominent ones are the Canada Pension Plan (CPP) and Old Age Security (OAS). These schemes assist seniors in staying financially secure after retirement.
Each year, the Canada Revenue Agency (CRA) provides some rise in these benefits in accordance with inflation and the Consumer Price Index (CPI), so that the buying power of seniors remains the same. In January 2025, the CRA hiked the CPP payment by $68.4 monthly, but did not provide any hike in the OAS. This increase in CPP will go on until December 2025, whereas the next revision in the OAS will take place in April 2025.
But there are solid rumors of a $2100 pension increase in February 2025. But as per the CRA, no such official statement has been issued and this is merely a rumor.
Will the senior pension actually rise by $2100 in February 2025?
This rumor is essentially attributed to social media and reports by some media that CPP and OAS benefits might rise by $2100 every year. This would amount to seniors receiving an additional $2100 annually in both CPP and OAS combined.
However, the Canadian government has yet to officially approve this. No increase has been made in February 2025 according to the CRA, and this is mere speculation.
CPP and OAS Pension Details 2025
Canada Pension Plan (CPP)
CPP is awarded to the citizens in Canada who made contributions to this plan during their tenure.
- The payment one gets under this plan varies on the basis of how much one has contributed, at what age he began collecting payments and for how many years he contributed.
- The highest payment under CPP in 2025 will be $1433 per month.
- Senior citizens between 60 to 70 years are eligible to receive CPP.
Old Age Security (OAS)
OAS is provided to those senior citizens who are 65 years and above.
- This allowance is provided to those who possess Canadian citizenship or permanent residency.
- The highest payment under OAS in 2025 can be between $727.67 to $800.44 per month** (depending on the age of the senior).
2025 CPP and OAS Pension Payment Dates
Both CPP and OAS have monthly payments, and both the payment schemes are released simultaneously. If an increase is announced for OAS and CPP, then it will be announced simultaneously as the regular payment. The 2025 Scheduled Pension Payment Dates are mentioned below:
| Month | Payment 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 |
Is the news of $2100 hike true?
Currently, this news is just a rumour. CRA or Service Canada have not issued any such hike so far.
- The government continues to make adjustments in pension schemes every now and then considering inflation and increased cost of living.
- However, such a huge hike like $2100 is not likely to happen.
- If there is any such announcement, it will be accessible on the CRA official website (www.canada.ca).
- Seniors should not believe in any unsubstantiated information and seek information from government sources only.
FAQ: Questions on the potential $2100 pension increase
Q.???? What is the $2100 pension increase 2025?
A.There’s a rumor about the possibility of a $2100 annual hike when CPP and OAS are combined.
Q.Is this $2100 pension increase true?
A.No, this information is entirely a rumor and the CRA has not confirmed it yet.
Q.If this increase occurs, when will it be enforced?
A.It is being discussed that it will be enforced from February 2025, but no confirmation has been given by the government.
Q. Where to check $2100 pension increase?
A.Senior citizens can check this increase from the official website (www.canada.ca) of CRA.
Conclusion
The $2100 rise in CPP and OAS payments in February 2025 is merely a rumour until now. The Canadian government makes periodic updates in pension schemes, but there is no such official news at present. The elderly are suggested not to believe any unofficial news and find out things only on the government’s official website.