New CPP Benefit Announced for Part-Time Students

The Canadian government has introduced a new Canada Pension Plan (CPP) benefit for part-time students. This announcement was made by the Minister of Seniors, Joanne Thompson. The benefit targets students aged 18–24 whose parents are either disabled or deceased and have contributed to the CPP.

Starting January 1, 2025, eligible part-time students will receive 50 percent of the amount provided to full-time students. For the year 2025, this equates to a monthly flat rate of $150.89 for qualifying students. Eligibility requires meeting a minimum school attendance threshold.

This measure is designed to provide financial support to students facing challenging circumstances, enabling them to continue their education.