Canada Pension Plan (CPP) benefits are paid monthly, on the same day as Old Age Security. Use the CPP calculator to estimate your retirement amount.
Your CPP amount depends on how much you contributed during your working years and the age you start collecting. The maximum monthly retirement pension at age 65 in 2026 is approximately $1,433, but the average new retiree receives closer to $850 because few Canadians contribute the maximum every year.
Starting CPP earlier (as early as 60) reduces the amount by 0.6% per month before 65. Delaying past 65 (up to 70) increases it by 0.7% per month. Use the CPP calculator to compare timing options.