Use this tool to estimate how you Canada Pension Plan (CPP) payments change depending on when you start benefits.
Enter your expected monthly CPP amount at 65. The calculator will estimate:
-Your reduced payment at age 60 (36% lower )
-Your increases payment at age 70 (42% higher)
This helps you compare early vs delayed CPP and understand the long-term income impact.
When should you take CPP ?
The right age depends on your health, income needs, tax situation, and whether you’re still working. Many Canadians underestimate the value of delaying CPP, especially if they expect to live into their 80s or beyond.
For a full strategy guide see our article: