In light of rising living costs, many retirees in Canada are hoping for financial relief. Recently, rumors have surfaced about a $650 + $750 pension boost for seniors in 2025, which could potentially offer crucial support to those depending on programs like Canada Pension Plan (CPP) and Old Age Security (OAS).
However, there’s been no official confirmation from agencies like Service Canada or CRA regarding this pension increase.
In this article, we’ll separate fact from fiction and dive into the details of this rumored boost, while also providing official guidelines for accessing existing senior financial programs.
What is the $650 + $750 Pension Boost?
According to some online discussions and rumors, the $650 + $750 pension boost would be a combined payment under the Canada Pension Plan (CPP) and Old Age Security (OAS), potentially amounting to $1,400 in additional financial support.
The goal behind this rumored boost is to help retirees cope with the financial strain caused by inflation. However, it’s essential to note that this information has not been officially confirmed by CRA or any related government agency.
Key Information on the Rumored $650 + $750 Pension Boost
| Feature | Details |
|---|---|
| Pension Boost Amount | $650 + $750 = $1,400 total |
| Issuing Agencies | CRA (Canada Revenue Agency), Service Canada |
| Program Involved | Canada Pension Plan (CPP) + Old Age Security (OAS) |
| Payment Frequency | Monthly |
| Eligibility | Qualified Canadian seniors who meet the requirements of CPP and OAS |
| Payment Dates for 2025 | January 29th, February 26th, March 27th, etc. (Monthly payments) |
| Official Source | Canada.ca, Service Canada, CRA |
Who Can Claim This Pension Boost?
Although the $650 + $750 pension boost has not been officially confirmed, the eligibility for these amounts would likely follow the standard rules for Canada Pension Plan (CPP) and Old Age Security (OAS) payments:
- Canada Pension Plan (CPP):
- Eligibility: Available to residents who have contributed to CPP through their working years.
- Starting Age: Payments can begin at age 60, but to receive the full pension, it’s recommended to wait until age 65. For higher payments, retirees are encouraged to wait until age 70.
- Old Age Security (OAS):
- Eligibility: Available to Canadian residents who have lived in Canada for at least 10 years after the age of 18.
- Starting Age: Payments are made once recipients reach age 65.
- Income Requirements: Seniors must meet specific income thresholds to qualify.
CRA Retiree Pension Boost Payout Dates for 2025
If the $650 + $750 pension boost is ever approved, it would be added to the regular OAS and CPP payments. These payments are typically made according to a monthly schedule. Below is the likely payment timeline for 2025:
| Month | Payment Date |
|---|---|
| January 2025 | 29th |
| February 2025 | 26th |
| March 2025 | 27th |
| April 2025 | 28th |
| May 2025 | 28th |
| June 2025 | 26th |
| July 2025 | 29th |
| August 2025 | 27th |
| September 2025 | 25th |
| October 2025 | 29th |
| November 2025 | 26th |
| December 2025 | 22nd |
Is the $650 + $750 Pension Boost Real?
As of now, there has been no official confirmation about the $650 + $750 pension boost from the CRA or Service Canada.
Such rumors have circulated in the past, and it is always important to remain cautious when relying on unverified information.
Before making any assumptions, seniors should always consult official government sources such as Canada.ca, Service Canada, or contacting the Canada Pension Plan (CPP) for accurate updates.
While the $650 + $750 pension boost remains unconfirmed, Canadian seniors should be aware of existing financial support programs such as Canada Pension Plan (CPP) and Old Age Security (OAS), which provide vital assistance.
Retirees should stay informed by checking official government websites for updates and announcements. If confirmed, the boost would help many seniors cope with rising costs of living.
Until then, it’s best to be cautious with unofficial rumors and rely on trusted sources for accurate information.
FAQs
When will the pension boost of $650 + $750 be paid?
If the pension boost is approved, the payments would be issued monthly, with the first payment expected in January 2025.
Who is eligible for the $650 + $750 pension boost?
The boost would be available to qualified Canadian seniors receiving Canada Pension Plan (CPP) and Old Age Security (OAS), assuming it’s officially approved.
How can I check if I’m eligible for the $650 + $750 pension boost?
To check eligibility, seniors should review the official CPP and OAS criteria on Canada.ca or contact Service Canada directly.