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CPP and OAS

Canada Pension Plan (CPP) - Payment Rates (http://www.hrsdc.gc.ca/en/isp/pub/factsheets/rates.shtml)

Canada Pension Plan (CPP) (http://www1.servicecanada.gc.ca/en/isp/cpp/cpptoc.shtml)
The actual amount of pension benefit is determined based on the employment and self-employment income reported on your tax return between the ages of 18 to 65. You can request a statement of your entitlement directly from the CPP office. If you have stopped working, you can elect to take CPP as early as age 60. Your pension, however, will be reduced by 6% per year. For example, if you elect to take your pension at age 60, you will receive 70% or the amount you are otherwise entitled to for the rest of your life.

CPP Retirement Income Calculator (http://www.hrsdc.gc.ca/en/isp/common/cricinfo.shtml) - for individuals over 55, to determine the benefit of future CPP contributions

Old Age Security (OAS) Payment Rates (http://www.hrsdc.gc.ca/en/isp/oas/oasrates.shtml)

Old Age Security (OAS) (http://www1.servicecanada.gc.ca/en/isp/oas/oastoc.shtml)
OAS is payable to everyone in Canada with 10 years residence after the age of 18. You are entitled to the maximum amount after 40 years residence. The basic amount is clawed back if your net income exceeds approx $63K and is eliminated if net income exceeds approx $96K. A supplement is available to seniors with little or no income.

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