Here is what we have Today: $1300 Per Month Extra CPP Bonus August 2024, a sparkling news which will excite all the retired CPP Claimants. Yes, you heard it accurately, $1300 CPP bonus in August 2024. This article is for those who want to know about this bonus payment and also for those who are CPP Claimants. Soon in August 2024, the CRA will make $1300 Per Month Payment to all qualified CPP Claimants. But do you think it’s true? Let’s check the facts for this payment along with a short introduction of CPP. As all we know, the Canada pension plan is the retirement income plan which provides the monthly income to the retired citizens after retirement. This monthly plan benefits the seniors by having an adequate income after retirement. In this retirement age the citizens can work as of their health issues and old age. This CPP eliminates all these difficulties by providing the income in their Golden Years. Various alterations and reforms have been made by the Government of Canada in the CPP Plan throughout the past Years. But this time in August 2024, CRA will provide a bombshell bonus to retirees. Let’s know more about this CPP Increase 2024.
$1300 Per Month Extra CPP Bonus August 2024
This $1300 Per Month Extra CPP Bonus August 2024 is a question mark. Do you think the Government really offers this much per retired head? Does the Government have this much of Budget? We will check all the facts here. This $1300 Extra bonus for CPP is just an announcement. This becomes confirmed after the passing of the bill. Until that we advised the users to not believe or expect the payment. If this $1300 CPP Bonus is provided then all the general expenditures of the retired individuals can be paid off without any financial stress or anxiety. Such payments of increase can provide peace of mind to the retirees and can enhance the mental health of the retired individual. In this post we can check the eligibility requirements for the CPP Bonus along with its payment dates and regular CPP amounts for 2024.
Extra CPP Bonus Coming In August 2024- Overview
| Title | $1300 Per Month Extra CPP Bonus August 2024 |
| Country | Canada |
| Year | 2024 |
| Month | August |
| Benefit Name | Canada Pension Plan |
| Canada Pension Plan Bonus Eligibility 2024 | Retired or senior citizens |
| Objective | Financial Support |
| Mode of the Payment | Direct Deposits or Physical Checks |
| CPP Bonus Payment Date 2024 | 28 August 2024 |
| Payment Frequency | Monthly |
| Name of Managing Agency | Canada Revenue Agency |
| Canada Pension Plan Amount 2024 | Check the Table for CPP Amount in the Post |
| Taxability Status | Taxable |
| Category | Finance |
| Name of Official Web portal | www.canada.ca |
CPP Benefit Eligibility 2024
$1300 Per month Extra CPP Bonus Eligibility 2024 can be determined by the age, contributions and residency status of the retired individuals. Check below for the qualification so that the right individual can get the bonus:
- $1300 per month can be given to those retirees whose age is sixty years.
- Canadian citizenship or legal residency in Canada is the most fulfilling requirement to get CPP Bonus of $1300.
- Legal Contribution to CPP must be made so that the retirement income will be obtained in the retired age.
Extra CPP Bonus Payment Date 2024
$1300 Per month Extra CPP Bonus Payment Date 2024 will soon be out. As it is anticipated that at the end of August this payment bonus will be distributed. But this is just a speculation, the date can be changed. Here we have the details for the CPP payment date as per CRA officially posted schedule.
| Month of the Payout | Payout Day | CPP Payment Date 2024 |
| August | Wednesday | 28th |
| September | Wednesday | 25th |
| October | Tuesday | 29th |
| November | Wednesday | 27th |
| December | Friday | 20th |
Canada Pension Plan Amount 2024
Canada Pension Plan Amount 2024 is given for your reference. Based on the type of payment these amounts are provided. This $1300 payment for CPP bonus is not yet approved and the amount can be revised as per requirement. Here you can check the Amount for CPP for 2024:
| Type of the Payment | Average CPP Payment as on April | Canada Pension Plan Amount 2024 |
| Retirement Pension benefit | $816.52 | $1364.60 |
| Post Retirement benefit | $21.43 | $44.46 |
| Disability payment benefit | $1181.38 | $1606.78 |
| Post retirement disability payment benefit | $583.32 | $583.32 |
| Survivor Pension for Young aged Citizens | $523.43 | $739.31 |
| Survivor pension for old aged citizens | $323.05 | $818.76 |
| Disabled Contributor of CPP Children payment benefit | $294.12 | $294.12 |
| Decease CPP Contributor Children Payment benefit | $294.12 | $294.12 |
| One time payment benefit for Death | $2499.14 | $2500.00 |
FAQ Related To $1300 Per Month Extra CPP Bonus August 2024
Yet, no information for this is officially made. As of now this is just a mere proposal.
$1300 Per month Extra CPP Bonus is expected to be distributed in late August 2024.
John Wick is a Media and Finance editor, passionate about writing and editing content related to finance and taxes. He has achieved dual degree in Mass Media and Finance From one of the top universities in the World. He is keen to learn new things and changes which take place in the world of Finance and stocks.