CPP Benefits Estimator 2026

The maximum CPP retirement pension for someone starting at age 65 in January 2026 is $1,507.65 per month. However, the average Canadian receives much less — around $803 per month — because most people don't contribute the maximum amount for the full 39 years required. Your actual amount depends on how much you earned and contributed throughout your career. You can check your personalized estimate by logging into your My Service Canada Account.

Taking CPP at 60 reduces your pension by 36% permanently (0.6% for every month before 65). If you start at 60 vs. 65, you collect more payments, but each is much smaller. The break-even age is typically around 74–76: if you live past that age, waiting to 65 pays more in total lifetime income. If you're in poor health or need the money now, taking it early may be the right call. If you're healthy and have other income sources, waiting is usually better.

Delaying CPP past 65 increases your pension by 0.7% per month, or 8.4% per year. If you wait until age 70 — the latest you can defer — your pension is 42% higher than at 65. This is one of the best "guaranteed" returns available to Canadians. The break-even vs. taking it at 65 is around age 81–83. For healthy Canadians with other retirement income to live on, waiting to 70 is often the financially optimal choice.

Yes. If you're between 60 and 64 and still working, you and your employer must continue making CPP contributions. From age 65 to 70, you can choose to opt out of further contributions. If you do continue contributing while receiving CPP, you earn a Post-Retirement Benefit (PRB) — an additional small monthly amount added to your pension for each year of contributions. CPP payments are fully taxable as income in the year you receive them.

The CPP enhancement is a gradual increase to CPP that began in 2019 and runs through 2026. If you worked and contributed to CPP during any of those years, you'll receive higher benefits in retirement than the pre-2019 plan would have provided. The enhanced CPP adds a second tier (CPP2) on earnings between $68,500 and $74,600 in 2025, and between $74,600 and $85,000 in 2026. The full benefit of the enhancement won't be felt by retirees until approximately 2065, when workers will have contributed to the enhanced plan for their entire careers.

Yes — CPP and OAS are separate programs and you can receive both. CPP is based on your contributions during your working years. OAS is a flat government pension available to most Canadians who are 65+ and have lived in Canada for at least 10 years after age 18. The maximum OAS pension for January–March 2026 is $727.67/month (age 65–74) and $800.44/month (age 75+). OAS is subject to a clawback (repayment) if your net income exceeds $95,323 in 2026.