Canada · 2026 amounts
CPP at 60, 65 or 70? (Plus OAS)
Starting CPP early means smaller cheques for longer; waiting means bigger cheques for fewer years. See the break-even age for your numbers, and how OAS deferral and the clawback fit in.
The 2026 rules
- CPP shrinks 0.6% for each month before 65 (−36% at 60) and grows 0.7% for each month after 65 (+42% at 70).
- OAS grows 0.6% for each month you delay after 65 (+36% at 70) and rises 10% automatically at 75. The Oct–Dec 2026 maximum is $762.50/month (65–74).
- OAS is recovered at 15% of net income above $95,323 (2026). Delaying CPP/OAS can help keep income below that line.
- Both are indexed to inflation, so everything here is in today's dollars.
What the break-even age means
If you live past the break-even age, waiting pays more in total. If you don't, starting earlier would have. Health, family history, other savings and whether you need the money now matter more than the maths. Not modelled: the CPP post-retirement benefit if you keep working, survivor benefits, GIS, and income tax on the payments.
What to do next
Retirement planner
A fee-only planner can model CPP, OAS, RRIF and taxes together. [Partner link: planner directory]
Find a planner →Annuity quotes
Turn savings into guaranteed income. [Partner link: annuity broker]
Get quotes →RRIF / bridge strategy
Draw RRSPs first so you can delay CPP. [Partner link: brokerage]
Learn more →Sources & assumptions
This is an estimate. Your actual CPP depends on your full contribution record. Check My Service Canada Account. NorthNumbers isn't affiliated with any bank, lender, dealer or government agency. Nothing here is financial, tax or legal advice.