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Government Benefits Strategy
Extract Every Dollar You're Owed.
The government penalizes those who don't understand the math. Master the exact strategies to maximize your CPP payout, protect your OAS, and leverage survivor benefits.
The Exact Math of Delaying CPP
Taking CPP at age 60 is usually the most catastrophic mathematical error a Canadian retiree makes.
You can start taking the Canada Pension Plan (CPP) at age 60, but the government imposes a devastating financial penalty. The "standard" age is 65. If you have the cash flow (from RRSPs or non-registered accounts) to bridge the gap, delaying CPP is the ultimate risk-free return.
Taking It Early (Age 60)
Your pension is reduced by 0.6% for each month before age 65. That is a 7.2% penalty per year, totaling a massive 36% permanent reduction in your lifetime payout.
Delaying to Age 70
Your pension is increased by 0.7% for each month you wait after age 65. That is an 8.4% guaranteed, inflation-indexed return per year — a 42% permanent increase.
The OAS Clawback Threshold
Old Age Security (OAS) is means-tested. If your net world income (Line 23400) hits the threshold (approx. $93,454 for 2025), the OAS Recovery Tax — the clawback — kicks in.
For every dollar you earn above the threshold, they claw back 15 cents.
By roughly $151,000 of net income (age 65–74), your entire OAS benefit is clawed back.
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Nail Your Timing
Don't guess when to take CPP. Our planning engine models break-even ages and household cash flow so you can see how delaying CPP or OAS changes your lifetime income.