CPP – Did you know you have options regarding when to take your CPP?
There are many factors that influence what your CPP payment will be including:
- How old you are
- How much per year and how many years you contributed
- How much you earned on average during your working life
In 2021, the maximum monthly amount you can receive as a new recipient starting the pension at age 65 is $1,203.75. As of October 2020, the average monthly CPP amount was $614.21.