Students in Canada could be about to see some extra cash coming their way soon, after the federal government announced a new monthly benefit for students yesterday.
On Wednesday, Employment and Social Development Canada introduced a new Canada Pension Plan (CPP) benefit aimed at supporting part-time students aged 18 to 24 whose parents are disabled or deceased.
This monthly government payment is part of a wider reform to the CPP, and it comes with some solid perks. Eligible part-time students will receive $150.89 every month in 2025, starting this month. This equates to 50% of the amount full-time students already get under the program. The aim is to provide financial support for education costs that would normally be provided by the student's disabled or deceased parent.
To receive this benefit, you need to meet a few criteria: you must be enrolled in part-time studies at a recognized educational institution, and your parent must have contributed to the CPP during their working years. Plus, you'll need to prove a minimum level of school attendance.
This new measure is expected to help around 6,700 students this year. It's part of a series of CPP reforms introduced in the 2024 federal budget. Other changes to the CPP include new benefits for children of disabled contributors, increased death benefits and tweaks to survivor pensions.
"No child should have to choose between caring for their parents and going to school," said Minister of Seniors Joanne Thompson, emphasizing how the government is trying to address the rising cost of living with practical support for young Canadians.
Whether you’re juggling school and work or trying to stretch your budget, this extra cash might make a real difference. You can find more information on eligibility requirements and how to apply on the government's website here.
AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our Editorial Standards page.
- The 2025 tax brackets are out — Here's how much income tax you'll pay in Quebec this year ›
- Quebec residents can get payments from these 10 government benefits and credits in January ›
- Here are all the government benefit payments Quebecers can get from the CRA in 2025 ›
- Canada Child Benefit: Quebecers can get up to $648 from the CRA in January 2025 - MTL Blog ›
