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Step 1: Make sure you qualify. Step 2: Decide when you want your pension to start. Step 3: Decide how to apply. Step 4: Submit your application. Step 5: Review your application status. If you are already familiar with the program: Apply now.
Plan. Apply. Manage. Get the most out of your Canadian public pensions. Learn about your retirement income options, and tips for your OAS/CPP pension choices. Read the stories of retirees and their public pension decisions. Explore retirement. Top learning links. Deciding when to start your public pensions.
For 2024, the maximum monthly amount you could receive if you start your pension at age 65 is $1,364.60. The average monthly amount paid for a new retirement pension (at age 65) in January 2024 was $831.92. Your situation will determine how much you’ll receive up to the maximum.
The Canadian Retirement Income Calculator will provide you with retirement income information. This includes the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. To estimate your retirement incomes from various sources, you will need to work through a series of modules. You will then need to compare them to your ...
Oct 24, 2023 · Nearly all individuals who work in Canada are eligible to contribute toward and receive benefits from the Canada Pension Plan, or CPP. The CPP is a deferred income retirement vehicle that...
5 min read. Planning to save for retirement. Learn about how the income you'll need in retirement will change. Your financial needs and considerations will also change. Making retirement decisions. Feel more confident about your choices in retirement. Use these resources to better understand your options and their impact on your public pensions.
Key takeaways. The Old Age Security (OAS) and the Canada Pension Plan (CPP) are the two federal public pensions in Canada. The province of Québec has its own Québec Pension Plan (QPP). Eligibility for the OAS pension is based on how long you've lived in Canada after age 18.
