Considerations When Applying For CPP And OAS

Most Canadian seniors are entitled to both the Canada Pension Plan (CPP) retirement pension and Old Age Security (OAS) pension in retirement. There are several factors that should be considered before applying for and collecting these government benefits.  The CPP is based on years of contributions. The OAS is based on years of residency in Canada. CPP can start as early as age 60 or as late as age 70. A recipient can begin to receive OAS between the ages of 65 and 70. Deferring...