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 month. This is because not all people have contributed ...
Unlike Old Age Security (read our full OAS guide) each Canadian’s CPP payout will be very unique and will chiefly depend upon how much they contributed to the plan over their years in the workforce. This is your money coming back to you (after investment gains), and it never enters ...