CPP & OAS
Estimator
Estimate your monthly Canada Pension Plan and Old Age Security retirement income based on your contribution history, age, and years in Canada.
Your CPP details
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Results are estimates for informational purposes only. Always verify with the relevant government authority before making decisions. Terms →
CPP & OAS frequently asked questions
Key facts about Canada's public pension programs in 2026.
What is the maximum CPP payment in 2026?
The maximum CPP retirement pension for new beneficiaries starting at age 65 in January 2026 is $1,507.65/month. However, the average monthly payment for new beneficiaries is approximately $925/month, since most Canadians don't contribute at the maximum level for all 39 years. Your actual amount depends entirely on your contribution history.
What is the OAS payment in 2026?
The maximum OAS pension for 2026 is $742.31/month for those aged 65–74, and $816.54/month for those 75 and older (10% supplement added automatically at 75). OAS is adjusted quarterly based on the Consumer Price Index.
Should I take CPP early at 60 or wait until 70?
Taking CPP early reduces it by 0.6% per month (7.2%/year), so starting at 60 means a permanent 36% reduction. Delaying past 65 increases it by 0.7% per month (8.4%/year), so waiting until 70 gives 42% more. The break-even age for waiting from 60 to 65 is approximately age 74. If you expect to live well past 75, waiting is mathematically better. If you have health concerns or need the income, taking it early makes sense.
What is the OAS clawback?
If your net world income exceeds $95,323 in 2026, you must repay 15 cents of OAS for every dollar above this threshold. OAS is completely clawed back if your income exceeds approximately $154,753 (age 65–74) or $160,696 (age 75+). The clawback is based on your prior year's income and is collected through your tax return or at source.
How much OAS do I get if I didn't live in Canada for 40 years?
You receive a partial OAS pension equal to: (years lived in Canada after age 18) ÷ 40 × full OAS amount. The minimum residency requirement is 10 years to receive any OAS while living in Canada, or 20 years to receive OAS while living abroad. Canada has social security agreements with many countries that may credit time spent in those countries.
Plan your full retirement
Maximizing your CPP and OAS in Canada
The timing and strategy around government pensions can mean tens of thousands of dollars over your retirement.
Taking CPP at 60 vs 70 is one of the biggest retirement decisions you'll make. Waiting from 65 to 70 increases your monthly CPP by 42% — permanently. The break-even age is approximately 82–84. If you expect to live a long life and have other income sources, waiting almost always pays off mathematically.
If your net income exceeds $95,323 in 2026, OAS is clawed back at 15 cents per dollar. Smart retirees manage this by drawing RRSP/RRIF strategically, income splitting with spouses, and using TFSA withdrawals (which don't count as income). Planning in your early 60s can preserve thousands in OAS.
Canadians aged 75 and older automatically receive a 10% OAS top-up — no application required. In 2026, that means $816.54/month vs $742.31 for those 65–74. Over a typical retirement this adds up to $10,000+ in extra lifetime income simply by reaching age 75.
The Guaranteed Income Supplement (GIS) adds tax-free income on top of OAS for low-income seniors. In 2026, singles with under ~$22,000 income qualify. GIS is clawed back as income rises — which is why some low-income retirees avoid RRSP withdrawals to preserve GIS eligibility.