Yearly maximum amount (2024) Retirement pension, age 65$758.32$9,099.84$1,364.60$16,375.30 Retirement pension, delayed to age 70$1,079$12,948$1,937.73$23,252.93 What's the difference between CPP and OAS? Old Age Security (OAS) is a pension that’s separate from CPP and is given to ...
Withdrawing a substantial amount of your investments before 70 can also mean that you get to keep more of your money due to being in a lower tax bracket when you withdraw RRSP income – and can even help avoid the OAS clawback by spreading your withdrawals over more years. Finally, when ...
How does my age affect the amount of my payout? Will continuing to work affect my payments? What happens if I'm divorced or widowed? For answers to these questions and more, download our helpful guide. Get the Guide Top Retirement Income FAQs When should I take my CPP/QPP and OAS?