As retirement benefit amounts differ, this CPP OAS Benefits calculator helps determine your much you may receive. When planning for retirement, it’s crucial to consider Canada Pension Plan (CPP) and Old Age Security (OAS) benefits as part of your overall financial strategy. The amount you will receive from these benefits will depend on a number of factors.
CPP OAS Benefits Calculator
This CPP & OAS table illustrates current and projected CPP and OAS benefits.
These government-sponsored programs provide a foundation of income for many retirees, supplementing personal savings and other retirement accounts. By factoring in these benefits using the CPP OAS Benefits calculator, you can more accurately assess your total retirement income and make informed decisions about savings goals, investment strategies, and lifestyle choices in retirement.
CPP OAS Calculator is also available in French.
The amount you’ll receive from CPP and OAS can vary significantly based on several factors, making it challenging to estimate without proper tools. Given the complexities, using the CPP OAS Benefits calculator can provide a clearer picture of your potential government retirement income.
CPP OAS Benefits Calculator
Calculators are available in English and French.
Using the CPP OAS Benefits calculator with clients
Financial advisors can strategically use the CPP OAS Benefits calculator with their clients to enhance retirement planning discussions and decision-making. For clients nearing retirement, the calculator can help illustrate the impact of taking benefits early versus deferring them, allowing for a more informed choice based on individual circumstances.
For younger clients, it can demonstrate the importance of long-term CPP contributions and help set realistic expectations for government benefits in retirement. Additionally, the calculator can be used to show how CPP and OAS fit into a broader retirement income strategy, helping advisors optimize other aspects of their clients’ financial plans, such as RRSP withdrawals, tax planning, and investment allocations.
The calculator can be viewed for free up to five (5) times on this site.
To use the full-featured versions of these calculators in FreshPlan, please contact us.
Companion Infographic
This CPP and OAS Retirement Benefit companion 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.
Features
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Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.
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Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.