In Canada, the CRA is offering immense benefits to the pensioners. Some of them are pension payments, and more. According to CRA recent update, $1,720 Monthly CPP Boost In February 2025 will be visible. This boost of $1720 monthly is offered by CRA in 2025. However, before going, we have to know which type of boosts is available in this category.
There can be two types of the boost that are available to the CPP claimants. One boost is the annual CRA boost which is based on inflation and CPI Data. This boost has already been provided by the CRA because the maximum CPP monthly benefits change from $1364.60 to $1433. The amount of $1433 will be applicable up to 31st December 2025 for all the residing people who are 60 years old. Another advantage is the advantage that is within the claimant’s control by deferring their benefits.
$1,720 Monthly CPP Boost In February 2025
The $1,720 Monthly CPP Boost In February 2025 is the CPP Claimant boost which depends on the age of receiving the benefit. The CPP Benefit starts from age 60 years till age 70 years. The standard age to get this benefit is 65 years as in this age the pension claimants will get full 100% CPP Benefit. If one starts his or her CPP at the age of 60, they will get the lesser benefit.
If somebody desires to begin receiving CPP at an age of 70, then CPP Claimants would receive higher pension payment surpassing the standard CPP Benefit which is $1433 in 2025. It means that by delaying the pension payments, the pensioners can also get a boost in their monthly payments. This $1720 is the amount that can be claimed by the pensioner when he delays his pension payment.
| Post Title | $1,720 Monthly CPP Boost In February 2025 |
| Year | 2025 |
| Country Name | Canada |
| Program Name | CPP |
| Month | February |
| Issuing Agency | CRA |
| Canada CPP Payment Date 2025 | See this Guide |
| Standard CPP Age | 65 years |
| Post Category | Finance |
| Official Web Page | www.canada.ca |
How To Claim CPP ?
The pensioners can receive the monthly CPP Boost by delaying their benefits. If the pensioners start their benefits after age 65 years then they will receive higher payments.
| Age | Increase Percentage | Monthly Payment | Yearly Payment |
| 65 Years | 100% Benefit | $1,433 | $17,196 |
| 66 Years | 100% + 8.40% | $1,533.37 | $18,640.46 |
| 67 Years | 100% + 16.80% | $1,673.74 | $20,084.93 |
| 67 Years 5 Months | 100% + 20.30% | $1,723.90 | $20,686.79 |
| 68 Years | 100% + 25.20% | $1,794.12 | $21,529.39 |
| 69 Years | 100% + 33.60% | $1,914.49 | $22,973.86 |
| 70 Years | 100% + 42.00% | $2,034.86 | $24,418.32 |
Let’s see here, how the boost would be applicable if we delay our CPP payments. When the resident is 67 years and 5 months old then they can receive the monthly payment of $1720 or we can say $1723.90.
It means that approximately at the age of 67 years and half the pensioner can get an approximate monthly payment of $1720
Canada CPP Payment Date 2025
Each month the CPP is delivered to the pensioners as per the provided schedule below:
| Year – Month | PAYMENT DATES |
| 2025 – January | 29th |
| 2025 – February | 26th |
| 2025 – March | 27th |
| 2025 – April | 28th |
| 2025 – May | 28th |
| 2025 – June | 26th |
| 2025 – July | 29th |
| 2025 – August | 27th |
| 2025 – September | 25th |
| 2025 – October | 29th |
| 2025 – November | 26th |
| 2025 – December | 22nd |
FACT CHECK:
This $1720 CPP Monthly boost may be reliable if we consider this boost as delayed Pension benefit boost. The pensioners can choose to delay their monthly payments till age 70 years. At age 65 years the pensioners will get 100% benefit. But if the pensioner chooses to start the benefit at age 67 years and 5 months then the approximate payment of $1720 can be claimed by the pensioner. It means that the pensioners who choose to delay their pension payments can get higher payments.
If someone delays his payment till age 70 years then the pensioners can get a 42% boost. It means in total the pensioners will get 142% CPP Payment rather than 100%. For more updates on CPP Boost, pensioners can see the CRA portal.
FAQS:
What is $1720 CPP Boost 2025?
This $1720 is the monthly boost that the pensioners can claim by delaying their payments.
Is this $1720 Boost a part of CPI annual adjustment?
No, this $1720 Boost is not a part of CPI annual adjustments.
Who can get an approximate $1720 Payment?
The $1720 CPP Payment can be claimed by the pensioner who is 67 years and 5 months old.