Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insightsâ¦.
Benefit Payments and Direct Deposit. When your pension begins, you receive a benefit payment each month (unless you receive a mandatory cash-out payment or you have elected a voluntary cash-out of your benefit). You can elect payment by mail or through electronic direct deposit. We encourage benefit recipients to sign up for direct deposit.
The benefit rates for the Canada Pension Plan (CPP) are increasing next year, says Employment and Social Development Canada. CPP benefits will increase by 1.8% for those already receiving CPP benefits. For 2015, the maximum CPP retirement benefit for new recipients age 65 will be $1,065 per month.Read: Expanding the CPP is a golden opportunity. This increase is calculated on the average yearly maximum pensionable earnings for the last five years. The new CPP rates will be in effect until Dec. 31, 2015.he benefit rates for the Canada Pension Plan (CPP) are increasing next year, says Employment and Social Development Canada. CPP benefits will increase by 1.8% for those already receiving CPP benefits. For 2015, the maximum CPP retirement benefit for new recipients age 65 will be $1,065 per month.