Canadian Pension Plan

The Canadian Pension Plan (CPP) retirement pension is a monthly, taxable benefit that replaces part of your income when you retire.

Tips & Links

• Learn about the Canadian Pension Plan (CPP) directly from the source.
• Know that your eligibility to collect CPP is determined by your contributions to the plan, your age, and being a Canadian resident for over 10 years.
• Be aware that you can apply for CPP at 60 years of age, if you want, and it can take 3-5 months for the application to be processed. The online application process can be faster than a printed, mailed in application.
• Talk to your financial planner or qualified care partners about eligibility criteria, deciding when to take your pension, and the amount you may receive.
• To apply for CPP create your My Service Canada Account . You’ll need to provide personal information such as your Social Insurance Number (SIN), date of birth, and other identifying details to verify your identity. Once your account is created and verified, you can log into your account to view your CPP, Employment Insurance (EI), and Old Age Security (OAS) information, update your personal details, and access other online services offered by Service Canada.
• Explore the Benefits Wayfinder website to learn more about publicly-funded benefits and those which you might be eligible to receive.
• Explore the Canadian Retirement Income Calculator to learn about some of your potential retirement income by combining your expected OAS pension and CPP.
• Check out the government of Canada Retirement Hub to learn about how to plan for, apply, and manage your public benefits.
• Be aware that CPP can be a significant part of your retirement financial plan and that is why it is listed in your Mywell Health planner under My Financial Plan.

Tools – Handouts & Videos