Working while collecting a pension

From: Financial Consumer Agency of Canada

If you continue to work while receiving your CPP retirement pension and are between the ages of 60 and 65 years old, you must still contribute in the CPP. Your CPP contributions will go toward post-retirement benefits. These benefits will increase your retirement income when you stop working.

If you continue to work while getting CPP retirement pension and are between the ages of 65 and 70 years old, you can choose not to make any more CPP contributions. If you decide to keep paying into the CPP, your employer will also have to contribute. If you are self-employed, you will have to pay both the employee and employer portions.

Learn how to contribute to the Canada Pension Plan post-retirement benefit.

Working and receiving the Québec Pension Plan (QPP) retirement pension

The Québec Pension Plan (QPP) allows you to start getting your QPP retirement pension while you continue to work.

If you work while receiving your QPP pension, you must continue to contribute to the QPP. These contributions give you an increase in your retirement income through the retirement pension supplement.

Find out how to contribute to the Québec Pension Plan retirement pension supplement.

Employment income and your Old Age Security (OAS) pension

You may be allowed to receive the Old Age Security (OAS) pension even if you're still working. If you earn a high income from work after you turn 65 years old you may need to pay some of the OAS pension back. You pay it back through the OAS recovery tax.

Find out how the OAS recovery tax is calculated.

Employment income and your Guaranteed Income Supplement (GIS)

The Guaranteed Income Supplement (GIS) is a benefit that goes to Old Age Security (OAS) pensioners who receive little or no income other than their OAS benefits. The GIS benefit is calculated based on income to make sure it goes to those who need it most.

Check to see if you qualify for the Guaranteed Income Supplement while earning an income from working.

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