As part of your retirement planning, this CPP and OAS infographic explores the Canada Pension Plan and Old Age Security as part of the benefits equation. Most working Canadians are eligible to contribute toward and receive benefits from the Canada Pension Plan, or CPP.
This CPP and OAS Infographic illustrates what age you are eligible to claim these benefits, what the current maximum amounts are, and other considerations about applying for benefits and taxation.
Canadian citizens, aged 65 and older, who have lived in Canada may be entitled to Old Age Security, or OAS. These Canadian retirement benefits are put in place by the Canadian government to help supplement income in retirement.
Retirement Benefit Amounts Differ
The amount you will receive from these benefits will depend on a number of factors including how much you paid into your CPP, how long you lived in Canada and more. This CPP and OAS Retirement Benefits Infographic illustrates what age you are eligible to claim these benefits, what the current maximum amounts are, and other considerations about applying for benefits and taxation.
Determining your benefits including CPP and OAS is part of an overall retirement plan. For more retirement resources, see these related infographics:
• When to Take Your CPP
• Retirement Readiness