What age to start your CPP retirement pension
It’s your choice
You can start your CPP retirement pension anytime after 60 years of age. The longer you wait the more money you will get each month. However, there is no financial advantage to waiting past the age of 70.
When to start
The best age to start collecting your CPP retirement pension depends on your personal situation. Your health, financial situation and retirement plans should influence your decision on what age to start your CPP payments.
Estimate how much you could get
The amount you get depends on:
- How long you paid into the CPP
- How much you paid into the CPP
- What age you start your CPP retirement pension
The CPP is not meant to cover all your retirement income needs. It provides a modest financial base, along with Old Age Security and your personal savings.
Log in or register for My Service Canada Account (MSCA) to view your CPP information.
Use the Canadian Retirement Income Calculator to estimate your retirement income from various sources.
Figure 1: Example of starting your CPP retirement pension at different ages if your CPP pension at age 65 would be $691.93
Note: The average new CPP retirement pension (at age 65) was $691.93 in January, 2018. The maximum CPP retirement pension (at age 65) in 2018 is $1,134.17.
Text description of Figure 1 - Example of how much you could get in CPP pension at different ages if your CPP pension at age 65 was $691.93
|Age at which the pension starts||Monthly pension amount|
New change to the CPP
Starting in January 2019, working Canadians contribute a little more to get higher CPP benefit payments when they retire. These changes in CPP contributions are being phased in gradually over seven years in small increases. Enhanced benefits will grow over time as Canadians work and contribute to the CPP enhancement, with each year of contributions resulting in a higher benefit. Eligibility for CPP benefits stays the same.