September has started and senior citizens whose only source of income is a monthly pension are waiting eagerly for the September $816 Retirement Benefits in 2024. The government of Canada provides payment to all eligible retirees who have worked hard their entire lives and contributed to the Canada Pension Plan. With the help of retirement benefits, retirees will be able to cover expenses which occur monthly.
The officials have already issued the payment for the 2024 year till August 2024. Now, beneficiaries can’t wait to get their hands on the next payment. According to the official schedule, the next Canada Pension Plan Retirement Benefit will be issued on 25th September 2024. Take a look at information like the required eligibility, payment dates and more provided in the following article.
September $816 Retirement Benefits in 2024
Please note that not everyone will get the $816 Retirement Benefits in 2024. This is an average amount and the exact amount provided to each beneficiary will differ according to their situation. The beneficiaries will get the benefits of the payment only if they have successfully applied for the Canada Pension Plan.
Please note that the retirement benefit provided under the CPP is a taxable benefit which replaces a part of the beneficiary’s working income when they retire. The retirement benefits can be availed by eligible beneficiaries for the rest of their lives. Interested ones can check the status of their CPP Retirement Benefit Payment by logging into the Service Canada portal.
Eligibility Criteria to get the Canada Pension Plan Retirement Benefits
The following section includes detailed information regarding the eligibility criteria which is important to become a part of the September $816 Retirement Benefits in 2024. Below are the required eligibility conditions:
- Interested candidates must not be less than 60 years old.
- Candidates must have made not less than 1 valid contribution to the Retirement Benefit.
- If the beneficiary lived and worked in Quebec: The CPP and QPP are working together to make sure that every contributor is getting the retirement benefits. Kindly contact Retraite Quebec if any of the following applies to the beneficiary:
- Beneficiaries have worked in Quebec and not less than one other province/ territory, and are living in Quebec
- Applicants must have worked in Quebec only.
- Candidates must have worked in Quebec, currently live outside Canada and their last province of residence was Quebec
$816 Retirement Benefits Payment Dates
The authority releases the retirement benefits in monthly payments. The payments are released following the official schedule which is available on the Government of Canada’s official website. In case, the payment date falls on the weekend or a holiday, the payment will be scheduled for the last working day. Let’s take a look at the official September $816 Retirement Benefits in 2024 Payment schedule provided below:
| Months | Payment Dates |
| January | January 29, 2024 |
| February | February 27, 2024 |
| March | March 26, 2024 |
| April | April 26, 2024 |
| May | May 29, 2024 |
| June | June 26, 2024 |
| July | July 29, 2024 |
| August | August 28, 2024 |
| September | September 25, 2024 |
| October | October 29, 2024 |
| November | November 27, 2024 |
| December | December 20, 2024 |
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CPP Retirement Benefits Payment Amount
The CPP Retirement Benefits Payment Amount is decided by different factors. The average income which is earned by beneficiaries while working, the age when a person starts the pension and the amount and period the person has contributed to the Canada Pension Plan are some of the biggest factors in determining the payment amount. If a beneficiary starts the pension at 65 years old, the CRA officials can provide a maximum monthly payment of $1,364.60.
A new retirement pension for a person who starts the pension at 65 years old will get an average monthly income of $816.52. If the readers are interested in getting more details regarding their CPP payment amount, they can get it by opening the My Service Canada Account.
Frequently Asked Questions
When will the authority release the September $816 Retirement Benefits in 2024?
The authority has not yet made the September $816 Retirement Benefits in 2024. The next payment is scheduled to be issued on 25th September 2024.
How will I get the Canada Pension Plan Retirement Benefit Payment?
Eligible ones will get the payment based on their choices made while applying for the program. So, the officials either release the payment through a cheque or bank transfer.
What if I do not get the September $816 Retirement Benefits on time?
Readers are advised to wait a few working days for the payment before reporting the issue to Service Canada officials. The payment can take 4 to 5 business via bank transfer and a cheque can take even more than a week to reach beneficiaries.
