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 ...
Unlike Old Age Security (read our full OAS guide) each Canadian’s CPP payout will be very unique and will chiefly depend upon how much they contributed to the plan over their years in the workforce. This is your money coming back to you (after investment gains), and it never enters ...
“CPP and OAS were never meant to form somebody’s retirement plan. They were meant to augment it and help as one of the pieces of the puzzle,” Mr. Shelestowsky says. Do you know how much you’d earn if CPP and OAS were your only sources of income in 2015? Your net income ...