Retirement
14 articles in Retirement. Each verified against an official source and linked to a calculator.
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How to Ask Service Canada to Reconsider an OAS or GIS Decision
Disagree with an Old Age Security or Guaranteed Income Supplement decision? Find the 90-day reconsideration window and Service Canada's submission routes.
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How to Check and Correct Your CPP Statement of Contributions
Find your CPP contribution record, check it against your tax slips, and learn what to do if a year or amount looks wrong.
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What Changed in OAS for 2026
See what changed in OAS for 2026, including current rates and clawback timing.
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What Changed in CPP for 2026
Three meaningful CPP changes for 2026: YMPE $71,300 to $74,600, YAMPE $81,200 to $85,000, max monthly at 65 $1,433.00 to $1,507.65. Contribution rates unchanged.
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CPP vs OAS: Differences, Eligibility, and Timing
CPP is contribution-based; OAS is residency-based. CPP can start age 60, OAS only at 65. OAS is income-tested (clawback at $95,323 for 2026); CPP is not. Both can be deferred to 70 for permanent bonus.
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CPP Disability vs CPP Retirement: Differences and Conversion
CPP Disability max 2026 is $1,741.20/month (more than CPP retirement at any age). Includes $610.46 flat rate + earnings portion. Auto-converts to CPP retirement at 65, typically at higher amount.
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CPP Enhancement Explained: CPP1 and CPP2 Phase-In
CPP enhancement adds CPP1 (1% on YBE-YMPE) and CPP2 (4% on YMPE-YAMPE) on top of base CPP. Phased in 2019-2024. Full benefit boost takes 40 years; 2026 retirees see modest improvement.
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OAS Deferral Bonus: Delaying OAS Past 65
OAS deferral bonus is 0.6%/month past 65, up to 36% at age 70. Breakeven age is ~84. Deferring is most valuable for healthy retirees with other income or those facing OAS clawback at 65-69.
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GIS Income Cutoffs (Snapshot)
Q1 2026 GIS max is $1,108.74/month single, $667.41 if spouse on OAS. Income cutoff is $22,488 for singles. GIS reduces ~$0.50 per dollar of non-OAS income. TFSA withdrawals don't count.
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Should You Take CPP at 60, 65, or 70?
CPP can start age 60-70. Early reduces by 0.6%/month, late adds 0.7%/month. Breakeven 60 vs 65 is age 73-74; 65 vs 70 is age 81-82. Most healthy 65-year-olds benefit from delaying.
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When Do You Convert an RRSP to a RRIF in Canada?
RRSPs must convert to a RRIF, annuity, or be cashed out by Dec 31 of the year you turn 71. RRIF requires minimum withdrawals starting the next year, calculated as 1/(90-age) up to age 71, then by regulation.
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CPP Survivor Benefit Eligibility and Amount (2026)
Maximum 2026 CPP survivor pension is $904.59/month at 65+ or $803.54/month under 65. Apply via Form ISP-1300. Combined CPP cap of $1,507.65/month applies.
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Maximum CPP Retirement Benefit in 2026
Maximum CPP retirement pension at age 65 in 2026 is $1,507.65/month. Average new benefit is closer to $900/month. YMPE is $74,600.
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OAS Clawback Threshold 2026: Income Limits, Recovery Tax, and Examples
OAS clawback threshold for 2026 net world income is $95,323 (affects OAS payments July 2027 to June 2028). The recovery tax is 15% of every dollar above the threshold. Full clawback ceilings for 2026 are estimated at $154,753 (age 65-74) and $160,696 (75+), finalized by Service Canada in October 2026. Includes income-by-income worked examples and the three-year threshold table.