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CPP & OAS Optimizer

***Notice*** Prior to 29 March 2017 the OAS portion of the optimizer was calculating the incentive for deferral to a maximum of 2 years. Therefore, if you had elected to defer your OAS pension to age 68 or more, the calculated amount was underestimating the incentive for delaying OAS. This has now been corrected. 

These government benefit calculators are designed to allow a comparative calculation of the various election ages for commencing CPP and OAS benefits, based on current government policy, your life expectancy and CPI assumptions. By using these comparisons you will be able to determine the optimum age for commencing your pension in order to maximize your lifetime benefits based on your personal circumstances.

The CPP calculator permits the option of using MoneyPages to estimate benefits or entering the value as calculated by Service Canada. The MoneyPages method results will not necessarily be precise but will provide an approximate estimation of benefits.

The OAS calculator does not include a calculation for the Guaranteed Income Supplement.

For a more detailed and accurate method of calculating CPP benefits, entitlement to the Guaranteed Income Supplement, or a complete detailed policy on and how to apply for government benefits, go here.