nomorework

Starting CPP and OAS earlier or later changes the plan, not just the pension cheque.

Get StartedCPP and OAS Breakeven

CPP at 60 vs 65 vs 70

Sample plan. Cumulative benefits for claiming at 60, at 65, and delaying to 70, the current plan.
The lines are claiming at 60, at 65, and delaying to 70, which is the current plan.

CPP, or QPP in Quebec, and OAS pay more each month if you start them later, and they pay nothing in the years you wait. Benefits puts that choice inside the rest of the plan.

A larger pension can raise tax and change how much your savings have to cover. You can compare starting at 60, at 65, and at 70 with the ages already in your plan.

  1. 01

    What You Enter

    When each person starts CPP and OAS, with the rest of the plan around it.

  2. 02

    What The Model Does

    The pension at 60, 65, and 70, and what that does to tax and to your savings.

  3. 03

    What You Decide

    Whether an earlier cheque or a later, larger one fits the plan.

Explorer

Explorer
CPP and OAS claim-age planning

Next: Relocation

Benefits | nomorework