SM CPP Article

When should you start receiving CPP?

December 22, 2021

A helpful decision tree to assess when to start.

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Whenever possible, carefully consider your other sources of income and life expectancy. In many cases, delaying receiving your Canada Pension Plan (CPP) can be beneficial, since starting after age 65, payments will increase by 0.7% each month (or by 8.4% per year). For those able to delay, that increase can be attractive. The following decision tree aims to help you assess your situation.

For more information about the Canada Pension Plan, please consult the Government of Canada's website:

Disclosure: Mawer Investment Management Ltd. provides this publication for informational purposes only and it is not and should not be construed as professional advice. The information contained in this publication is based on material believed to be reliable at the time of publication and Mawer Investment Management Ltd. cannot guarantee that the information is accurate or complete. Individuals should contact their account representative for professional advice regarding their personal circumstances and/or financial position. This publication does not address tax or trust and estate considerations that may be applicable to an individual’s particular situation. The comments are general in nature and professional advice regarding an individual’s particular tax position should be obtained in respect of any person’s specific circumstances.