Changes to the Canada Pension Plan (CPP)

Information for CPP contributors (at least 65 years)

NOTE: If you are over 70 years, these changes do not apply to you.

Do you plan to take your CPP retirement pension in the next few years?

By taking your pension after 65, you can increase your pension by up to 42% (at age 70) starting in 2013. See more information on these changes to the Canada Pension Plan .
Starting in 2012, the number of years of low or zero earnings that are automatically dropped from the calculation of the CPP retirement pension will increase. See more information on these changes to the Canada Pension Plan.
Starting in 2012, you will be able to begin receiving your CPP retirement pension without any work interruption. See more information on these changes to the Canada Pension Plan.

Will you continue working while receiving your CPP retirement pension?

Starting in 2012, if you are at least 65 but under 70 and you work while receiving your CPP retirement pension, you will make CPP contributions that will go toward your Post-Retirement Benefit (PRB) or you can elect not to contribute. Find more information on how you can apply the PRB to your own retirement plans.

Check out the following tools and resources we have available related to CPP changes and retirement planning.

Learn more about all the changes to the CPP.