In September 2024, a claim about a $2,100 monthly pension from the Canada Revenue Agency (CRA) has circulated online. However, it’s important to verify this information and understand the real updates around pension payments in Canada. This article breaks down the facts, eligibility criteria, and how to claim any legitimate pension benefits.
$2100 Monthly Pension Claim
A $2,100 monthly pension for Canadian retirees was rumored to be introduced by the CRA in September 2024. This pension was said to be aimed at helping low- and middle-income retirees manage the rising cost of living due to inflation. Despite these claims, there is no official confirmation from the CRA or the Canadian government regarding such a substantial increase in pension payments.
The average Canada Pension Plan (CPP) payment in 2023 was approximately $758.32 per month, with the maximum amount being $1,364.60 for those who contributed at the highest level. Although minor cost-of-living adjustments occur, there is no evidence supporting a jump to $2,100 per month
Payment Date for September 2024
For beneficiaries of the Canada Pension Plan (CPP) and the Old Age Security (OAS), payments are scheduled to be deposited on September 25, 2024. These payments are essential for retirees, especially those relying on fixed incomes to manage their monthly expenses.
Other payment dates for 2024 include:
| Month | Payment Date |
| January | January 29, 2024 |
| February | February 27, 2024 |
| March | March 26, 2024 |
| April | April 26, 2024 |
| May | May 29, 2024 |
| June | June 26, 2024 |
| July | July 29, 2024 |
| August | August 28, 2024 |
| September | September 25, 2024 |
| October | October 29, 2024 |
| November | November 27, 2024 |
| December | December 20, 2024 |
Also Read:
IRS $3800 Month for Low-Income Seniors: Know Eligibility, Payment Dates & More
$2400 Federal Benefits 2024: Eligibility, How to Apply & Benefit Amount
$2900 CPP Increase 2024: Payment Dates, Benefits Amounts, Eligibility & How to Claim
Eligibility for CRA Pension
While the $2,100 monthly pension claim may be misleading, there are real criteria for receiving CPP and OAS benefits. To qualify for CPP:
- Age: You must be at least 60 years old to start receiving CPP.
- Contributions: You should have made contributions during your working years.
- Employment: Your total contributions and average earnings throughout your career affect your payment amount.
For the Old Age Security (OAS) pension, eligibility requirements include:
- Age: 65 years or older.
- Residency: You must have lived in Canada for at least 10 years after the age of 18.
Fact Check on the $2,100 Pension
While the rumor of a $2,100 pension has gained traction, it’s essential to recognize that this figure has not been officially verified by any credible government source. Current CPP benefits do not support such a large increase. Instead, retirees can expect smaller annual adjustments that reflect inflation and the cost of living.
Conclusion
The $2,100 monthly pension by CRA for September 2024 is largely a rumor without official backing. Canadian retirees should focus on legitimate benefits like the CPP and OAS, with payment dates and eligibility clearly outlined by the government. For accurate and up-to-date information, always refer to the official CRA website or Service Canada portal at www.canada.ca.
Frequently Asked Questions (FAQs)
1. Is the $2,100 monthly pension real?
No, the $2,100 monthly pension claim has not been officially confirmed by the CRA or any governmental body.
2. Can I still apply for CPP if I’m working?
Yes, you can still receive CPP benefits while working, though this may impact the amount you receive.
3. When are the CPP payments for September 2024?
CPP payments are scheduled for September 25, 2024.