Retirement Planning

Whether you decide to retire early or work longer, the earlier you start planning, the more likely you will be financially prepared for retirement.

Visit the Financial Consumer Agency of Canada webpage to learn more about the different types of public and private retirement income and how much you will need to save for retirement.

Public pensions and benefits you might be eligible for

  • Canada Pension Plan (CPP) retirement pension
    A monthly benefit for contributors to the CPP who can take their full pension at age 65, an enhanced pension after age 65 or a permanently reduced pension as early as age 60.
  • Canada Pension Plan (CPP) Post-Retirement Benefit
    A monthly benefit that further increases the retirement income of CPP contributors who work while receiving a CPP retirement pension.
  • Old Age Security (OAS) pension
    A monthly benefit for people who have lived in Canada for more than 10 years after age 18 and are aged 65 and over.
  • Guaranteed Income Supplement (GIS)
    A non-taxable benefit for low-income Canadians aged 65 and over who receive the OAS pension.
  • Allowance
    A non-taxable benefit for low-income individuals aged 60 to 64. To qualify, you must be the spouse or common-law partner of an OAS pensioner who is entitled to receive the GIS benefit. See the changes to the OAS age of eligibility.
  • International benefits
    You may be eligible for benefits if you lived or worked in another country.

See more information on pensions in Canada and related benefits.

Tools and resources to estimate my retirement income