As inflation hits Canadians hard at the moment, and people are to receive the CPP (Canada Pension Plan) payment in June 2025, a question is popping into the minds of most elders and those in retirement age, will they be getting the $1,500 payment?
Underlying this question is a rumor that is circulating on social media and some sources indicate that the government is going to offer a one time payment of CPP of a thousand and five hundred dollars ($1500). But let’s understand this topic in depth, what is the truth, how the CPP scheme works and who can get a monthly payment of $1,500 or more.
What is the $1,500 CPP payment?
First of all, let us make it clear that $1,500 is not a one-time bonus payment. Rather, it is a potential monthly amount for those who have consistently made the maximum CPP contribution during their tenure and who have postponed their retirement for a few years.
A quick overview of the CPP as of June 2025
| Description | Details |
|---|---|
| Maximum monthly payment (at age 65) | $1,433 |
| Average monthly CPP payment | $899.67 |
| Maximum payment if deferred until age 70+ | Over $2,000 |
| Payment date (June 2025) | Friday, June 28, 2025 |
| Eligibility | Age 60 or more + enough CPP contributions |
When will the CPP payment arrive in June 2025?
CPP is paid monthly and in June 2025 it will be paid on Friday, June 28. In the event that you are registered with direct deposit, then you will get the money in your bank account on the same day.
and can we expect a one-time, 1,500 CPP payment?
No. And there is no particular one time payment of $1,500 granted by the Canadian government. But if you:
- worked continuously for about 39 years,
- made the maximum CPP contribution each year,
- started CPP after age 65,
it’s entirely possible that your monthly pension will be $1,500 or more.
How does your retirement age affect CPP payments?
You have the option to start CPP between ages 60 and 70. And the age at which you start taking CPP determines the amount of your payments.
- Start at age 60: Up to 36% reduction (0.6% less each month)
- Start at age 65: Get full benefit (no reduction)
- Age 70 commencement: up to 42% increase in benefit (0.7 percent increase per month)
To give an example, when you begin CPP at age 70 rather than 65, a payment of $1,433 may be able to increase up to $2,000 and more.
How to increase your CPP benefit?
If you want to maximize your CPP pension, follow these steps:
Login to My Service Canada Account:
- View your CPP Statement of Contributions
- Check for any missing years
- Use the Retirement Income Calculator
Make the maximum contribution:
- The CPP contribution in 2025 is as follows:
- Employee contribution: $4,034.10
- Self employment contribution: 8,068.20
In case you are self-employed, you have to make both contributions.
Delay starting CPP:
If possible, start CPP after age 65. Each month you delay will result in an additional 0.7% payment.
Combine with other plans:
In addition to CPP, add the following to your retirement plan:
- OAS (Old Age Security): 727.67/ month (aged 65-74)
- GIS (Guaranteed Income Supplement): up to 1086.88 (lw income) to month
- RRSPs and private pension plans (for additional income)
Who can receive $1,500 or more of CPP?
David (example)
- Age 68
- Full contributions for 43 consecutive years
- CPP started at 68
- Monthly CPP: about $1,790
Mary (example)
- Age 60
- Part-time job, started CPP early
- Monthly CPP: about $700
Both of these examples illustrate that your work history and age at which you started CPP have a direct impact on payments.
How to find out how much CPP you’ll get?
You can check your potential CPP payment by:
- Go to My Service Canada Account
- Login via GCKey or Sign-In Partner
- Go to the “CPP Statement of Contributions” section
- Use the Retirement Calculator
This free tool gives you estimates based on your actual contributions.
Other government benefits that may help you
If your CPP amount doesn’t reach $1,500, you may still be eligible for the following benefits:
- Old Age Security (OAS): Based on residence, not work history
- GIS: For low-income seniors receiving OAS
- Canada Disability Benefit (CDB): Effective July 2025, for citizens aged 18–64 with disabilities
- GST/HST credit, Climate Action Incentive, provincial plans – to support low-income groups
Conclusion
Yes, if you’ve made high levels of CPP contributions over your lifetime, delayed retirement, and planned well with other government plans, a monthly CPP payment of $1,500 is entirely possible. While this isn’t a government lump-sum bonus, it is the result of a well-planned retirement strategy. If you’re not at this stage yet, don’t worry. You can still
FAQs
Q1. Is the Canadian government issuing a one-time $1,500 CPP payment in June 2025?
A: No, the $1,500 CPP payment is not a special or one-time government bonus. It refers to the potential monthly CPP benefit that eligible individuals may receive based on their work history and contributions.
Q2. Who is eligible to receive $1,500 per month through CPP?
A: Individuals who have consistently contributed the maximum amount to CPP over their working years (typically 39+ years) and have delayed their retirement past age 65 may receive $1,500 or more per month.
Q3. What is the maximum CPP monthly payment as of June 2025?
A: As of June 2025, the maximum CPP retirement benefit at age 65 is approximately $1,433 per month. Those who delay retirement to age 70 could receive over $2,000 monthly.
Q4. When will the CPP payment be made in June 2025?
A: The CPP payment for June 2025 will be issued on Friday, June 28, 2025. Direct deposits will be reflected in bank accounts on the same day.
Q5. Can I get $1,500 monthly CPP if I start collecting at age 60?
A: Likely not. Starting CPP at age 60 results in a reduction of up to 36%. To receive $1,500/month, it’s typically necessary to delay payments and contribute the maximum for many years.
