🇨🇦 Canada / Pension Rates

Canada Pension Rates & Limits 2026

Official rates sourced from Canada Revenue Agency, Service Canada, CPP, OAS, GIS 2025 rates.

Last updated: 2026-06-27

Current Rates

Parameter	Value
Cpp Maximum Monthly Retirement Pension 2025	1,433
Cpp Average Monthly Retirement Pension 2025	760
Oas Maximum Monthly Pension 65 2025	718.33
Oas Maximum Monthly Pension 75 Plus 2025	790.16
Gis Maximum Single Monthly 2025	1,086.88
Cpp Employee Contribution Rate	5.95
Cpp2 Employee Rate	4
Cpp Employer Contribution Rate	5.95

Rules & Limits

Parameter	Value
Cpp Maximum Pensionable Earnings 2025	71,300
Cpp Basic Exemption	3,500
Cpp Maximum Employee Contribution 2025	4,034
Cpp2 Upper Earnings Ceiling 2025	73,200
Oas Eligibility Age	65
Oas Deferral Max Age	70
Oas Deferral Monthly Increase Percent	0.6
Oas Clawback Threshold 2025	90,997
Oas Clawback Rate Above Threshold Percent	15
Cpp Earliest Reduced Pension Age	60
Cpp Latest Enhanced Pension Age	70
Cpp Early Reduction Per Month Percent	0.6
Cpp Late Enhancement Per Month Percent	0.7

Notes

›CPP retirement pension is based on contributions and years contributed. Start at 60 for 7.2% permanent reduction per year (0.6%/month). Defer to 70 for 42% increase (0.7%/month after 65). Most financial planners suggest deferring to at least 65.
›OAS begins at 65 automatically if you meet residency requirements (10 years in Canada after 18). You can defer to 70 for 36% more ($1,075.55/month). From 75, OAS is increased by 10% automatically.
›Guaranteed Income Supplement (GIS) tops up OAS for low-income seniors. It is fully income-tested and not taxable. It is reduced by 50 cents for every dollar of other income (including CPP, RRSP withdrawals).
›CPP2 (second enhancement, starting 2024) provides higher future benefits for those who contribute in 2024+. The CPP2 maximum pensionable earnings ceiling is separate from the main CPP YMPE.
›Quebec residents receive QPP instead of CPP. QPP rates and benefits are similar but calculated separately by Retraite Quebec.

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Current Rates

Parameter	Value
Cpp Maximum Monthly Retirement Pension 2025	1,433
Cpp Average Monthly Retirement Pension 2025	760
Oas Maximum Monthly Pension 65 2025	718.33
Oas Maximum Monthly Pension 75 Plus 2025	790.16
Gis Maximum Single Monthly 2025	1,086.88
Cpp Employee Contribution Rate	5.95
Cpp2 Employee Rate	4
Cpp Employer Contribution Rate	5.95

Rules & Limits

Parameter	Value
Cpp Maximum Pensionable Earnings 2025	71,300
Cpp Basic Exemption	3,500
Cpp Maximum Employee Contribution 2025	4,034
Cpp2 Upper Earnings Ceiling 2025	73,200
Oas Eligibility Age	65
Oas Deferral Max Age	70
Oas Deferral Monthly Increase Percent	0.6
Oas Clawback Threshold 2025	90,997
Oas Clawback Rate Above Threshold Percent	15
Cpp Earliest Reduced Pension Age	60
Cpp Latest Enhanced Pension Age	70
Cpp Early Reduction Per Month Percent	0.6
Cpp Late Enhancement Per Month Percent	0.7

Notes

›CPP retirement pension is based on contributions and years contributed. Start at 60 for 7.2% permanent reduction per year (0.6%/month). Defer to 70 for 42% increase (0.7%/month after 65). Most financial planners suggest deferring to at least 65.

›OAS begins at 65 automatically if you meet residency requirements (10 years in Canada after 18). You can defer to 70 for 36% more ($1,075.55/month). From 75, OAS is increased by 10% automatically.

›Guaranteed Income Supplement (GIS) tops up OAS for low-income seniors. It is fully income-tested and not taxable. It is reduced by 50 cents for every dollar of other income (including CPP, RRSP withdrawals).

›CPP2 (second enhancement, starting 2024) provides higher future benefits for those who contribute in 2024+. The CPP2 maximum pensionable earnings ceiling is separate from the main CPP YMPE.

›Quebec residents receive QPP instead of CPP. QPP rates and benefits are similar but calculated separately by Retraite Quebec.