OAS basically depends on your age and how long you have lived in Canada between the ages of 18 and 65. It can also be “clawed back” if you earn more than the OAS threshold. You can defer collecting OAS, but if you can afford to defer only one benefit it should be the CPP due ...
You can find out how much you’re on track to receive from CPP using theCanadian Retirement Income Calculator. CPP income is indexed to the Consumer Price Index All-Items Index. Every January, benefit rate increases are calculated to make sure CPP retirement benefits keep up with cost of livi...
Deciding to take CPP/QPP is a big decision and one that you don’t have to make alone. Start the conversation with an RBC Financial Planner, who can help you determine the best time to take the benefit. I'm an RBC Client I'm not an RBC Client Want...
The Canada Pension Plan (CPP) is a government-run pension plan for retired Canadians. It provides a monthly taxed retirement pension benefit that replaces part of your income when you retire. Under the CPP, you obtain the CPP retirement pension plan payments for the rest of your life. To ...