
$1,600 Pension Raise in January 2025—Find Out If You Qualify
Canadian retirees are starting the new year with good news: a $1,600 annual boost to their pensions under the Canada Pension Plan (CPP). The increase, announced by the Canada Revenue Agency (CRA), aims to support seniors facing rising living expenses due to inflation. This article explains who qualifies for the increase, when payments will begin,…