It used to be that once you decided to begin receiving CPP payments, then you no longer had to contribute to CPP. This changed in 2012. (Yes, it is a bit weird to be both paying into the CPP, but also collecting money from the CPP – no way around it.) If you choose to begin ...
What are the average and maximum CPP monthly payments? In 2024, the maximum CPP payout is$1,364.60 per monthfor new beneficiaries who start receiving CPP at 65. Although the max CPP payout is substantial, not everyone gets it. The average CPP inOctober 2023was a much lower $758.32 per ...