Retirement
CPP, OAS, retirement income planning
Canadian Retirement Planning Calculators
Canada’s retirement income system has three pillars: government benefits (CPP/QPP and OAS/GIS), employer pensions, and personal savings (RRSP/RRIF, TFSA, non-registered). The maximum CPP retirement pension at age 65 is approximately $1,401/month in 2026, while the maximum OAS is $743.05/month (ages 65–74) or $817.36/month (75+).
You can take CPP as early as age 60 (reduced by 0.6% per month before 65, or 36% at 60) or as late as age 70 (increased by 0.7% per month after 65, or 42% at 70). OAS can be deferred up to age 70 with a 0.6% monthly increase. The breakeven point for deferring CPP from 65 to 70 is approximately age 82.
RRSPs must be converted to a RRIF or annuity by December 31 of the year you turn 71. RRIF minimum withdrawal rates start at 5.28% at age 72 and increase annually, reaching 20% at age 95+. Planning the timing of RRSP/RRIF withdrawals relative to OAS clawback ($95,323 threshold) and GIS eligibility is one of the most impactful retirement tax planning strategies.
CPP Benefits Calculator 2026
Estimate your Canada Pension Plan retirement benefits based on your contributions and start age. See how deferring to age 70 boosts payments.
Canadian Retirement Income Calculator
Plan how long your savings will last in retirement alongside CPP and OAS income. Model different withdrawal strategies for Canadian retirees.
OAS Benefits Calculator 2026
Estimate your Old Age Security pension amount and clawback threshold for Canadian seniors in 2026. See how your income level affects OAS payments.
RRIF Minimum Withdrawal Calculator 2026
Calculate mandatory minimum RRIF withdrawals by age using current Canadian rules. Plan your retirement income drawdown strategy effectively.
Canadian Retirement Savings Goal Calculator
Calculate how much Canadians need to save for a comfortable retirement based on desired lifestyle, expected CPP and OAS income. Plan ahead today.
GIS Calculator Canada 2026
Estimate Guaranteed Income Supplement payments for low-income Canadian seniors. See how your total annual income affects GIS eligibility and amount.
FIRE Calculator Canada 2026
Calculate your Canadian FIRE number using the 4% safe withdrawal rule plus years to financial independence. LeanFIRE, regular FIRE and FatFIRE tier comparison.
LIRA / LIF Withdrawal Calculator Canada 2026
Calculate LIF minimum and maximum withdrawals from a locked-in LIRA by age and province. Plan your pension drawdown for Ontario, Alberta, BC, federal and more.
Pension Income Splitting Calculator Canada 2026
Find the optimal pension income split between spouses to minimize combined federal and provincial tax. Updated for 2026 brackets and rules.
Frequently Asked Questions
When should I take CPP?
It depends on your health, other income, and need for cash. If you expect to live past 82, deferring to 70 maximizes lifetime benefits. If you need income now or have health concerns, taking it at 60 or 65 may be better.
What is the OAS clawback?
If your net income exceeds $95,323 (2026), you must repay 15 cents of OAS per dollar above the threshold. OAS is fully clawed back at approximately $154,753 for ages 65–74.
How much do I need to retire?
A common guideline is 70% of pre-retirement income. With average CPP and OAS providing roughly $20,000–25,000/year, a typical Canadian needs personal savings generating another $25,000–45,000/year, requiring a portfolio of $625,000–$1.1 million using the 4% rule.