Pension Maximization

Canada Pension Plan (CPP)

This is an earnings-related social insurance program designed to help you and your family financially after you retire, become disabled, or die. If you’re a Canadian over 18 and you’ve earned a wage, you’ve contributed money towards CPP and qualify to receive benefits. 

How much will you receive?

Your CPP benefits will depend on the pension credits you build up. Credits are based primarily on the total amount of money you've contributed; your pension will be larger, the higher your salary and the more years that you've worked between 18 and retirement.

Sharing pension credits if you divorce

When a couple divorces, the pension credits earned together can be evenly split, even if one spouse or common-law partner didn't pay into CPP. A retired couple can also share pension credits for tax purposes, if one pension is significantly higher than the other.

When do you receive payment?

You'll begin receiving pension payments when you retire, or at any point that you become disabled and aren't able to work. If you decide to spend your retirement in another country, you're still able to receive your pension, paid in Canadian dollars, anywhere in the world.

Other benefits available

If you're over 65, you could qualify for the Old Age Security Act. If you're between 60 and 65 and married or widowed you may be eligible for an allowance. If you're living on a low income, you might also be able to receive a Guaranteed Income Supplement. Find out more about these and other federal and provincial programs here: 


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