Skip to content

Find a question

Can’t find what you’re looking for? Ask us a new question!

Is CPP the average of your lifetime earnings? If income lower in later years, e.g. from age 59, is it better to take CPP at age 60?



Our response:

First, we should let you know that we can’t give you any specific investment or financial advice. That said, we do try to help as best we can.

What you receive depends on what you paid into the plan while you were working and your age when you start receiving payments. The earliest you can start receiving monthly Canada Pension Plan (CPP) payments is at your 60th birthday. If you start taking payments before age 65, your monthly payment will be reduced. After age 65 (up to age 70), it will be increased. Find out more about how your age affects your monthly CPP payment.

Use Service Canada’s Canadian Retirement Income Calculator to estimate your retirement income from all sources, including CPP.

Can’t find what you’re looking for?

Copy the URL to share:

  Share the site: