What’s the difference between CPP and OAS? Old Age Security (OAS) is a pension that’s separate from CPP and is given to Canadians over 65. Here aresome other differences:CPPIt does not start automatically; you must apply for it. To qualify for CPP, you must: be at least 1 month ...
As I explained in myOAS Clawbackarticle, the OAS and CPP pensions are quite different. The CPP is essentially your own money coming back to you (after it was invested by the CPP investment team), while the OAS is more of a flat payment that the government makes out of general tax reven...